CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How many millions did the India and World Bank loan pact for renewable energy?
A
98 millions
B
58 millions
C
155 millions
D
185 millions
Explanation: 

Detailed explanation-1: -WASHINGTON, DC, September, 21, 2022-The World Bank’s Executive Board of Directors today approved a $350 million loan to the western Indian state of Gujarat to improve the quality and access of its public healthcare services, with special focus on adolescent girls and disease surveillance.

Detailed explanation-2: -But researchers say much more is needed to achieve the country’s climate goals. India’s plan to transition its economy towards green-energy production was a strong focus of this year’s national budget, with the government pledging 350 billion rupees (US$4.25 billion) to aid the transition.

Detailed explanation-3: -India’s installed renewable energy capacity has increased 396% in the last 8.5 years and stands at more than 159.95 Giga Watts (including large Hydro), which is about 40% of the country’s total capacity (as on 31st March 2022).

Detailed explanation-4: -India’s plan to install 500 GW (gigawatt) of renewable energy capacity by 2030 will involve an investment of at least ₹2.44 lakh crore or ₹2.44 trillion, according to a committee constituted by the Central Electricity Authority (CEA).

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