Arpinder Singh Wins Gold in Men’S Triple Jump at Asian Games
ADB okays $620 mn loan for Madhya Pradesh, West Bengal • Asian Development Bank (ADB) has approved USD 375 million loan to boost irrigation projects in Madhya Pradesh that will be used to contribute to double farming income by expanding irrigation networks and system efficiency • ADB also approved a financing package of USD 245 million to provide safe, sustainable, and inclusive drinking water service in West Bengal. Did you Know ADB- 19 December 1966, HQ - Manila, Philippines, Members- 67 Reserve Bank of India releases its annual report • RBI in its annual report said monetary policy will be guided by achieving inflation of 4 % with a band of +/- 2%, while supporting growth. • India's economic growth rate will accelerate to 7.4 % with pick up in industrial activity and good monsoon. • The RBI touched upon a host of subjects like asset quality in the banking system, the government's demonetisation exercise in 2016, the value of the rupee, and India’s other macros. Did you Know RBI uses monetary policy to control inflation, interest rates, etc 4th BIMSTEC Summit in Nepal from 30th- 31st August • 4th Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) summit is being held in Nepal. • Theme is 'Towards a peaceful, prosperous and sustainable Bay of Bengal region’. • Modi said that his participation in the BIMSTEC summit in Kathmandu signals India's highest priority to its neighbourhood and a strong commitment to continue deepening ties with the "extended neighbourhood" in South-East Asia. • There are 7 member states in BIMSTEC: Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan, Nepal Arpinder Singh wins Gold in Men’s Triple Jump at Asian games • Arpinder Singh clinched India’s first men’s triple jump gold in 48 years, with a jump of 16.77m in the Asian Games.
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