ADB approved (19th Nov 2024) a loan of how many million dollars for financial sector reform?

Nepal

Pakistan

Maldives

Sri Lanka

Correct Answer : Sri Lanka

The Asian Development Bank (ADB) recently (19th Nov 2024) approved a $200 million loan to support financial sector reform in Sri Lanka:

Purpose : The loan is part of the ADB's Financial Sector Stability and Reforms Program, which aims to stabilize the country's economy and manage the financial crisis.

Benefits : The loan will help sustain economic stabilization efforts in Sri Lanka.

The ADB has also approved other loans in India, including :

Uttarakhand Livability Improvement Project : A $200 million loan to improve the quality of life for residents of Uttarakhand by upgrading water supply, sanitation, transportation, and other urban services .

Renewable energy projects : A $200 million loan to support renewable energy projects in India .

Flood and riverbank erosion risk management in Assam : A $200 million loan to strengthen flood and riverbank erosion risk management along the Brahmaputra River in Assam .

Sustainable Urban Development and Service Delivery Program : A $400 million loan to support the government's urban reform agenda .

Solar rooftop systems : A $500 million loan to help the Indian government expand energy access using renewable energy.

Published On : November 21, 2024

Recently Updated Current Affairs

Q .

Which state/UT had the highest percentage of women electors in the 2024 Lok Sabha Elections?

Kerala

Tamil Nadu

Puducherry

Andhra Pradesh

Correct Answer : Option (C) - Puducherry

* Puducherry led the nation with 53.03% women electors in the 2024 Lok Sabha Elections, making it the state/UT with the highest percentage of women electors.

* This significant milestone highlights the territory's efforts towards promoting inclusivity and gender equality in the electoral process.

* The achievement is particularly notable, considering the overall increase in female electors and their participation in the elections.

Published On : December 31, 2024

Q .

Which country's parliament impeached Acting President Han Duck-soo on December 27, 2024?

Laos

Japan

Thailand

South Korea

Correct Answer : Option (D) - South Korea

* South Korea's parliament impeached Acting President Han Duck-soo on December 27, 2024, amid growing dissatisfaction over his refusal to appoint three judges to the Constitutional Court.

* This event followed the impeachment of President Yoon Suk Yeol on December 14, 2024, after he briefly imposed martial law.

* The impeachment of Han marked a historic moment as it was the first time an acting president in South Korea was impeached.

* The political crisis significantly impacted the country, contributing to economic instability, with the Korean won reaching its lowest value in nearly 16 years.

Published On : December 31, 2024

Q .

Where is the Kagyed Dance Festival, a significant Buddhist celebration, prominently held?

Ladakh

Sikkim

Himachal Pradesh

Arunachal Pradesh

Correct Answer : Option (B) - Sikkim

* The Kagyed Dance Festival is a major Buddhist celebration in Sikkim, held annually at Tsuklakhang Palace in Gangtok.

* Featuring traditional Cham dances performed by masked monks, the festival symbolizes the destruction of evil forces and the welcoming of peace and prosperity.

* Rooted in Tibetan Buddhism, it attracts locals and tourists alike, showcasing Sikkim's rich cultural and spiritual heritage.