CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which financial body has signed a $484 million loan with the Indian government to improve transport connectivity in the Chennai-Kanyakumari Industrial Corridor?
A
Asian Development Bank
B
World Bank
C
International Monetary Fund
D
World Economic Forum
Explanation: 

Detailed explanation-1: -Recently, the Asian Development Bank (ADB) and the Government of India signed a USD 484 million loan for the Tamil Nadu Industrial Connectivity Project. The loan is to improve transport connectivity and facilitate industrial development in the Chennai - Kanyakumari Industrial Corridor (CKIC) in the state of Tamil Nadu.

Detailed explanation-2: -The Asian Development Bank (ADB) and the Government of India have signed a $484 million loan, to improve transport connectivity and facilitate industrial development in the Chennai–Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu.

Detailed explanation-3: -The Asian Development Bank (ADB) will provide a $484 million loan (over ₹ 3, 500 crore) to improve transport connectivity and facilitate industrial development in the Chennai-Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu.

Detailed explanation-4: -The Chennai Kanyakumari Industrial Corridor (CKIC) part of the East Coast Economic Corridors, is envisaged along the coast of Tamil Nadu to leverage upon Tamil Nadu’s 1, 000 km long coastline and operational ports.

Detailed explanation-5: -GOI has selected the Asian Development Bank (ADB) as the lead partner for developing the ECEC.

There is 1 question to complete.