CURRENT AFFAIRS

Detailed explanation-1: -Q. The Asian Development Bank (ADB) has approved a $251 million loan for urban flood protection and management in which state? Notes: The Asian Development Bank (ADB) has approved a $251 million loan for urban flood protection and management in the Chennai–Kosasthalaiyar river basin in the state of Tamil Nadu.

Detailed explanation-2: -ADB, India Sign $251 Million Loan for Integrated Urban Flood Management in Chennai | Asian Development Bank.

Detailed explanation-3: -ADB also promotes private sector development, gender empowerment, regional integration, and knowledge services along with capacity development. To date, ADB has committed 589 public sector loans, grants, and technical assistance totaling $50.8 billion to India.

Detailed explanation-4: -A founding member of ADB in 1966, India is now ADB’s fourth largest shareholder and its top borrower since 2010. ADB’s operations remain aligned to India’s evolving development priorities.