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India signed a loan agreement with Asian Infrastructure Investment Bank (AIIB) for financing USD 329 million dollars.
The agreement was signed by Joint Secretary (MI) in the Ministry of Finance, Sameer Kumar Khare, on behalf of India and Vice President and Chief Investment Officer, AIIB, D J Pandian on behalf of the AIIB.
The objective of the project is to improve the rural road connectivity and accessibility (by providing all weather road connectivity) to 1,060 villages in all the 33 districts in Gujarat state benefiting about 8 million people.
The project will also benefit the service providers such as public transport operators, educational institutions, hospitals, local markets and traders.
NDA nominee M Venkaiah Naidu was on Saturday elected as the next vice-president of India
He won by securing over two-thirds of votes, leaving opposition candidate Gopalkrishna Gandhi far behind. Naidu got 516 votes out of total 771 votes cast while Gandhi could only manage 244 votes. Of the 771 votes polled, 11 were invalid.
Although 785 MPs are there in both Houses of Parliament, 14 MPs could not vote.
Naidu will be the 13th person to hold the second highest constitutional post. The strength of the electoral college comprising both elected and nominated MPs of the Rajya Sabha and the Lok Sabha is 790.
Economist Dr Rajiv Kumar was appointed as the new vice-chairman of NITI Aayog
His appointment comes five days after the incumbent vice-chairman Arvind Panagariya announced he was quitting the government think tank on 31 August to return to Columbia University.
Kumar, a senior fellow at Centre for Policy Research (CPR), is also chancellor of the the Gokhale Institute of Economics and Politics in Pune, and is the founding director of Pahle India Foundation, an organisation that specialises in policy-oriented research and analysis.
S. Aparna appointed as Executive Director of World Bank, to represent the constituency of India, Bangladesh, Bhutan and Sri Lanka for three years.
S. Aparna, an IAS officer from Gujarat cadre has been appointed as Executive Director, World Bank to represent the constituency of India, Bangladesh, Bhutan and Sri Lanka for three years.
A 1988-batch IAS, she is currently Principal Secretary to Gujarat Chief Minister Vijay Rupani. At the World Bank, she will replace Subhash Garg, who was recently appointed Economic Affairs Secretary, Ministry of Finance.
Japan on Sunday marked 72 years since the world’s first nuclear attack on Hiroshima, with the nation’s traditional contradictions over atomic weapons again coming into focus
The anniversary came after Japan sided last month with nuclear powers Britain, France and the US to dismiss a UN treaty banning atomic weapons, which was rejected by critics for ignoring the reality of security threats such as North Korea.
Japan is the only country to have suffered atomic attacks, in 1945.
The government is hopeful that the strategic Chabahar Port will be operational by 2018, which is made by the joint MOU between
The Road, Transport, Highways and Shipping Minister will represent India at the oath taking ceremony Iranian President Hassan Rouhani tomorrow.
As per the MoU signed between the two nations in May last year, India is to equip and operate two berths in Chabahar Port Phase-I with capital investment of USD 85.21 million and annual revenue expenditure of USD 22.95 million on a 10-year lease.
Ownership of equipment will be transferred to Iranian side on completion of 10 years or for an extended period, based on mutual agreement.
The Iranian side had requested for provision of a credit of USD 150 million in accordance with the MoU.