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Important Loan Agreements by Government in 2018

Thursday - January 3, 2019 1:11 pm , Category : INDIA

According to data released by Government of India, Important Loan Agreements by Government in 2018 are - 

1.      Government of India and Asian Development Bank (ADB) signed $80 million loan agreement to help boost youth employability in the state of Himachal Pradesh.
2.      The Government of India and World Bank signed $100 million project to boost rural economy of Tamil Nadu.
3.      The Government of India and Asian Development Bank (ADB) signed $250 million loan to improve rural connectivity in the 5 states of Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal under PMGSY.
4.      Government of India and Asian Development Bank (ADB) signed $75 million loan to improve urban services in 4 Karnataka towns
5.      Government of India and Asian Development Bank (ADB) signed $200 million loan to improve State Highways in Bihar
6.      Government of India and the World Bank signed $310 million loan agreement for Jharkhand Power System Improvement Project to provide reliable, quality, and affordable 24x7 electricity to the citizens of Jharkhand
7.      Government of India and the Asian Development Bank (ADB) signed $105 million loan to Support Hydropower Transmission in Himachal Pradesh
8.      Government of India and the Asian Development Bank (ADB) signed $300 million loan to support India Infrastructure Finance Company Limited (IIFCL)in India
9.      Government of India and the Asian Development Bank (ADB) signed $169 million loan to provide water and sanitation services in Tamil Nadu
10.  India and Japan signed a loan agreement worth Rs. 1817 crore for the ‘Project for the Construction of Turga Pumped Storage (I)’contributing to the industrial development and living standard improvement in the state of West Bengal.
11.  Indo- Japanese agreements for bilateral currency swap arrangement of seventy five billion dollars
12.  Cabinet approved Memorandum of Understanding between India and Singapore on setting up of a Joint Working Group on FinTech
13.  Cabinet approved signing of bilateral investment agreement between India Taipei Association in Taipei and the Taipei Economic and Cultural Center in India
14.  India and ADB signed $110 Million Loan to improve rural connectivity in Madhya Pradesh
15.  Government of India and The Asian Development Bank (ADB) signed $100 million loan agreement to expand sewerage and drainage coverage in Kolkata
16.  Government of India and the Asian Development Bank (ADB) signed $ 150 million loan agreement to support India’s first global skills park in state of Madhya Pradesh
17.  India and ADB signed $240 million loan to provide safe drinking water service in 3 West Bengal districts
18.  The Asian Development Bank (ADB) and India signed $150 million loan to improve regional connectivity
19.  India and Japan signed loan agreement for construction of Mumbai-Ahmedabad high speed rail project (I) and Kolkata East West Metro Project (III) with Japan International Cooperation Agency (JICA)
20.  India signed financing loan agreement with the World Bank for US$ 74 million for Uttarakhand Workforce Development Project (UKWDP)
21.  Cabinet approved MoU on collaborative research on distributed ledger and block chain technology in the context of development of digital economy by Exim Bank under BRICS Interbank Cooperation Mechanism
22.  Government of India and ADB signed $346 million loan to improve state highways in Karnataka
23.  Government of India and ADB signed $375 million loan to improve irrigation efficiency in Madhya Pradesh
24.  Cabinet approved Memorandum of Understanding between India and USA in insurance regulatory sector
25.  Government of India and the World Bank signed $300 million agreement to help scale-up India’s Energy Efficiency Program
26.  The Government of India, Government of Rajasthan and World Bank signed a $250 million agreement to support electricity distribution sector reforms in Rajasthan
27.  Indo-German Government to Government Umbrella agreements worth Euro 653.7 million (approx. Rs. 5253 crore) on Financial Cooperation and Technical Cooperation 2017 were signed.
28.  India signed loan agreement with the World Bank for USD 21.7 million for strengthening the Public Financial Management in Rajasthan Project;
29.  Cabinet approved MoU between India and Turkey on trade in poppy seeds to ensure quick and transparent processing for import of poppy seeds from Turkey’
30.  CBDT notified the protocol amending the Double Taxation Avoidance Agreement (DTAA) between India and Kuwait
31.  India signed loan agreement with World Bank for US$ 125 million for “Innovate in India for Inclusiveness Project”
32.  Government of India and World Bank signed agreement to improve rural road network in Madhya Pradesh
33.  India signed loan agreement with World Bank for USD 48 million for Meghalaya community - led Landscapes Management Project
34.  Government of India, Government of Maharashtra and the World Bank signed a new project to benefit over 25 million small and marginal farmers in Maharashtra.
35.  India and ADB signed $120 million loan to improve rail infrastructure
36.  Cabinet approved agreement for the Avoidance of Double Taxation and Prevention of Fiscal Evasion between India and Iran
37.  Cabinet approved agreement between India and Jordan on cooperation and mutual administrative assistance in customs matters
38.  Asian Development Bank (ADB) and the Government of India signed $ 84 million loan for improvement and expansion of water supply in the state of Bihar
39.  Government of India signed a MoU with Canada’s International Development Research Centre (IDRC) in national capital.
40.  India and Iran signed in New Delhi an agreement for the Avoidance of Double Taxation (DTAA) and the Prevention of Fiscal Evasion with respect to taxes on income.