Current Affairs

ADB, India Sign $91 Million Loan

Current context: Government of India signed a $ 91 million loan with the Asian Development Bank (ADB) for Comprehensive Water Management in Karnataka.
ADB, India Sign $91 Million Loan 
  • The loan has been taken to improve irrigation water use efficiency by:
    1. Modernizing the Vijayanagara Channel irrigation systems
    2. Preparing river basin management plans in the Krishna river basin
  • The loan is signed for the Karnataka Integrated and Sustainable Water Resources Management Investment Program (IWRM) that involves two projects.
  • The first project is helping the modernization of the Gondi irrigation system and the second Project to modernize Vijayanagara Channel.
  • ADB was established in 1966, owned by 68 members - 49 from the Asia-Pacific region and aims to eradicate extreme poverty and achieve inclusive, resilient, and sustainable Asia and the Pacific.

Question: 

Q.1 The Government of India has recently signed a $ 91 million loan with the Asian Development Bank (ADB) for Comprehensive Water Management in _____________?
a. Odisha
b. Madhya Pradesh
c. Karnataka
d. Telangana
ADB, India Sign $91 Million Loan ADB, India Sign $91 Million Loan Reviewed by Neha Verma on November 19, 2019 Rating: 5

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