CURRENT AFFAIRS

Detailed explanation-1: -The Government of India and Asian Development Bank (ADB) today signed a $125 million loan to develop climate-resilient sewage collection and treatment, and drainage and water supply systems in three cities in the state of Tamil Nadu.

Detailed explanation-2: -Notes: The Asian Development Bank (ADB) and the Government of India on signed a USD 10 million agreement, which aims to finance the projects expanding horticulture production and farm household income in Himachal Pradesh.

Detailed explanation-3: -ADB offers hard currency loans, both senior and subordinated, as well as mezzanine financing. We also offer local currency loans in selective markets on a case to case basis. Interest rates and other terms vary, depending on a company’s or project’s needs and risks.

Detailed explanation-4: -All ADB developing member countries (DMCs) are eligible for funding except those that have graduated from regular ADB assistance.