Neelkanth Mishra has been appointed as the Executive Director at the World Bank for a tenure of 3 years. He succeeds Parameswaran Iyer.
Neelkanth Mishra has been appointed as the Executive Director at the World Bank for a tenure of 3 years. He succeeds Parameswaran Iyer.
The Bihar government has approved a $500 million (around ₹4,750 crore) loan from the World Bank (WB) for the ‘Bihar Urban Transformation Programme’. The state cabinet has also sanctioned the transfer of 1.85 acres of land and authorized enhanced subsidy support under the PM Electric (e)-Bus Sewa for the operation of 400 electric AC buses.
Furthermore, ₹15,967.03 crore was sanctioned for the monitoring and maintenance of roads using AI based technologies.
The National Health Authority (NHA) has concluded the “Chintan Shivir 2026” to review the Ayushman Bharat PM Jan Arogya Yojana (AB PM-JAY) and the Ayushman Bharat Digital Mission (ABDM) to enhance digital healthcare. During the event, the NHA presented 18 awards under AB PM-JAY and 5 awards under ABDM to recognize the performance of States and Union Territories (UTs). Key winners for digital adoption under the mission included Ladakh, Uttar Pradesh, Rajasthan, AIIMS Bhopal, and Tripura.
The event highlighted the National Health Claims Exchange (NHCX) as a unified and standardized health claims ecosystem. A framework designed by the World Bank, named the “ABDM Adoption Index”, was also introduced to track the progress of states. Furthermore, a new regulatory requirement for mandatory integration of the Hospital Management Information System (HMIS) was established to connect hospital systems with the ABDM.
The World Bank Group (WBG) has launched a global platform named ‘Water Forward’ in collaboration with multilateral development banks and development finance institutions. The initiative aims to enhance water security for 1 billion people by 2030.
It is to be noted that the WBG aims to provide water security to 400 million individuals, while the commitments from the other partners will cover the remaining 600 million people to reach the collective target.
The World Bank has approved a $225 million (₹2,080 crore) loan for the Rajasthan Highway Modernisation Project to improve the efficiency, resilience, and safety of state highways.
The loan, provided by the International Bank for Reconstruction and Development (IBRD), features a 35-year maturity period and a 5-year grace period. It is to be noted that the financial package includes the first Step-Up Loan (SuL) of India to support the modernization of the road network of the state.
According to the report “South Asia Economic (SAE) Economic Update April, 2026: Working with Industrial Policy” released by the World Bank (WB), the GDP growth of India for FY27 is revised upwards to 6.6% from the earlier projection of 6.3%.