CURRENT AFFAIRS

Detailed explanation-1: -The correct answer is the Asian Development Bank. International Solar Alliance [ISA] has signed a pact with the Asian Development Bank international organization to promote solar deployment in Asia and the Pacific.

Detailed explanation-2: -India and France launched the International Solar Alliance (ISA) to boost solar energy in developing countries. It was launched at the United Nations Climate Change Conference in Paris in November 2015 by the Indian Prime Minister and French President.

Detailed explanation-3: -Ambassador of Germany to India Walter J. Lindner deposited signed copies of the International Solar Alliance Framework Agreement with the Ministry of External Affairs, the depositary of the agreement. Germany: Capital-Berlin.

Detailed explanation-4: -Bhutan on 14 September ratified the International Solar Alliance Framework Agreement. Bhutan’s Ambassador to India Major General Wetsop Namgyal handed over the ratification document to Secretary ER Dammu Ravi in the presence of DG International Solar Alliance.

Detailed explanation-5: -Established by Prime Minister Narendra Modi and President of France Francois Hollande on November 30, 2015, ISA’s objective is to scale up solar energy, reduce the cost of solar power generation through aggregation of demand for solar finance, technologies, innovation, research and development, and capacity building.