Fin Min Urges World Bank To Raise Lending To India

• The World Bank approved a USD 1 billion loan to support India’s efforts for providing social assistance to the poor and vulnerable households, severely impacted by the COVID-19 pandemic. The “Accelerating India’s COVID-19 Social Protection Response Program” will support the government’s efforts towards a more consolidated delivery platform accessible to both rural and urban populations across state boundaries.
• The total commitment from the World Bank towards emergency COVID-19 response in India to USD 2 billion. A USD 1 billion support was announced last month towards immediate support to India’s health sector.

August Weekly Current Affairs (Economy) Bitbank: Which bank has partnered with NPCI to launch RuPay credit cards?

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