World Bank approves $800 million loan for Amaravati construction
Friday, 20 December 2024 The World Bank approved an $800 million loan to develop Amaravati, Andhra Pradesh's new capital city. The funding will support infrastructure development and establish Amaravati as a well-managed, climate-resilient economic hub, creating jobs and improving residents' lives. The loan has a 29-year maturity period, including a six-year grace period.
Saudi Arabia has signed over $6 billion in investment deals with Syria, signaling strong support for President Al-Sharaa amid ongoing unrest. The agreements cover energy, infrastructure, real estate, and agriculture, aiming to revive Syria’s war-torn economy and create up to 200,000 jobs. Analysts see this as a major geopolitical shift—and a blow to Israel’s regional influence—as Tel Aviv has actively targeted Syrian positions during its civil war. The move comes after Saudi and Qatari efforts cleared Syria’s World Bank debt, unlocking fresh international lending.
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A World Bank report reveals that Indian cities experience significantly higher night-time temperatures than rural areas due to infrastructure. Lucknow faces a.. IndiaTimes
BRICS Summit 2025: India takes center stage at the BRICS 2025 Summit in Rio de Janeiro as Prime Minister Narendra Modi leads a powerful charge from the Global South against Trump’s aggressive tariff policy. With 10 nations participating—including new member Indonesia—this year’s summit focuses on fair global governance, climate action, and reforming outdated world institutions like the UN, WTO, and World Bank. As the world’s fastest-growing major economy, India is pushing for a more equitable trade system and calling for collective resistance against economic coercion. Modi’s leadership is not only uniting BRICS but also redefining it—asserting India as the democratic anchor of a bloc once overshadowed by China. India’s role in the New Development Bank and its calls for tech cooperation, sustainable development, and regional peace underscore its rising influence in shaping a new world order.
#ModiLeadsBRICS #IndiaBRICS2025 #GlobalSouth #ModiVsTrump #TrumpTariffs #BRICSvsG7 #ModiDiplomacy #IndiaGeopolitics #BRICSSummit #UNReform #WTOReform #NewWorldOrder #IndiaForClimate #ModiInRio #SouthSouthCooperation #BRICSLeadership #IndiaGlobalVoice #ModiTakesLead #BRICSPower #ModiGlobalChampion #BRICSSummit2025
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Defence Research and Development Organisation successfully tested the Pralay missile off the Odisha coast. The missile met all test objectives. DRDO also.. IndiaTimes
The Supreme Court has ruled that delimitation exercises for states, excluding Jammu and Kashmir, must wait until the publication of census data after 2026, as.. IndiaTimes
The Supreme Court dismissed a petition seeking delimitation for Andhra Pradesh and Telangana, citing constitutional mandates. Justices Surya Kant and Joymalya.. IndiaTimes
India has successfully conducted flight trials of the UAV Launched Precision Guided Missile (ULPGM)-V3 in Andhra Pradesh. Defence Minister Rajnath Singh lauded.. IndiaTimes