CURRENT AFFAIRS

Detailed explanation-1: -The Union Government signed $76 million loan deal with Japan International Cooperation Agency (JICA) for starting upgradation project related to environment management plan at Alang-Sosiya ship recycling shipyards in Gujarat.

Detailed explanation-2: -Japan International Cooperation Agency (JICA) is an implementing agency of Japanese official development aid (ODA) for the purpose of supporting the socioeconomic development, recovery or economic stability of developing regions.

Detailed explanation-3: -JICA is a government agency mandated to implement technical cooperation. It also provides technical support to grant aid and bilateral loans through the conduct of technical feasibility studies.

Detailed explanation-4: -President OGATA spearheaded the establishment of the JICA Research Institute in October 2008 with the aims of conducting policy-oriented studies on challenges faced by developing countries in the field and strengthening Japan’s intellectual presence in the international community. Dr.

Detailed explanation-5: -Establishment of Japan International Cooperation Agency (JICA) in Japan.