CURRENT AFFAIRS

Detailed explanation-1: -The Government of India and Asian Development Bank (ADB) on Tuesday signed a USD 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: -This is the first project of ADB in the state of Jharkhand.

Detailed explanation-3: -The Asian Development Bank (ADB) is a regional development bank headquartered in Manila, Philippines. The bank was set up in 1966 under the leadership of Japan as one of the first industrialized states in Asia. The ADB finances development projects in its member states across Asia.

Detailed explanation-4: -The Asian Development Bank (ADB) and the Government of India today signed a $96.3-million loan agreement to provide safe drinking water and improve water supply and sanitation services in the state of Himachal Pradesh.