Questions

The World Bank Group (WBG) has approved a $25-30 billion commitment plan for India for the 201922 period. The new Country Partnership Framework (CPF), endorsed by the WBG board of executive directors focuses on the development priorities of the country - resource efficient and inclusive growth, job creation and building its human capital. The WBG institution comprises of the International Bank for Reconstruction and Development (IBRD), International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA).

The Prime Minister Narendra Modi has launched the ‘Saubhagya’ (Sahaj Bijli Har Ghar Yojana) scheme to provide subsidy on equipment like transformers, meters, and wires and is expected to cover allrural families after expected electrification of all villages by the end of 2018.Note:The total outlay for the Saubhagya scheme will be Rs 16,320 crore.