Trending Now
- “Due to the Union Govt’s failure to properly plan for electricity shortages, Rajasthan is purchasing electricity at Rs.46 per unit.” – Explains Minister Nirmal Kumar on power procurement
- “Despite repeated warnings about the deteriorating law and order situation, the government remains indifferent. It must stop playing with people’s safety.” – DMK MP Kanimozhi
- Microsoft co-founder Bill Gates warns that AI and robotics could pose major challenges to employment opportunities over the next 20 years.
- Reports say Superstar Rajinikanth starrer ‘Jailer 2’ has crossed Rs.700 crore in worldwide box-office collections.
Kerala News
World Bank willing to give Kerala loan
August 29, 2018
Kochi: The World Bank today agreed to offer loan to Kerala to rebuild the State after the floods.
The loan will be based on the report submitted by the State Government and should be ratified by the Union Government.
Drinking water, education, transportation are the areas where money would be given.
Normally, it takes three years to sanction a loan. But considering the special case of Kerala, the process would be made faster, World Bank representative Isham Abu said.
The bank officials held talks with the Chief Minister after holding preliminary discussions with the officials at Thiruvananthapuram.
Meanwhile, Union Minister Pon Radhakrishnan assured all Central help to the State.
He said the Prime Minister was sympathetic towards the plight of the people of the State.
