Asian Development Bank (ADB) Signs Key Loans with India 🌏💼
- What’s Happening? The Asian Development Bank (ADB) signed two crucial loans with the Government of India, totalling USD 850 million.
- Why It Matters: These loans aim to support green and sustainable infrastructure, urban projects, education, healthcare, and enhance India’s manufacturing sector and logistics efficiency.
India to Host World Audio Visual Entertainment Summit (WAVES) 🎬🌍
- What’s Happening? India will host the inaugural World Audio Visual Entertainment Summit (WAVES) from February 5-9, 2025, in New Delhi.
- Why It Matters: This global event aims to position India as a hub for world-class content creation and foster creative collaboration.
India-Australia Economic Cooperation and Trade Agreement (ECTA) Completes 2 Years 🇮🇳🇦🇺
- What’s Happening? The India-Australia Economic Cooperation and Trade Agreement (ECTA) has completed two years, aiming to reach AUD 100 billion in trade by 2030.
- Why It Matters: This agreement fosters deeper economic integration, reduces tariffs, and promotes services exchange and investment flows between the two nations.
DBS Bank India Appoints New CEO 🏦👔
- What’s Happening? Rajat Verma has been appointed as the new CEO of DBS Bank India, effective March 1, 2025.
- Why It Matters: Verma brings over 27 years of experience in banking and is expected to continue DBS Bank India’s growth and leverage its strong platform in India’s expanding financial landscape.
Australia Beats India in Border-Gavaskar Trophy 🏏🇦🇺
- What’s Happening? Australia won the Border-Gavaskar Trophy by defeating India 3-1 in the 5-match Test series.
- Why It Matters: This victory marks Australia’s first win in the series after 10 years, highlighting the competitive nature of cricket between the two nations.
Multiple-Choice Questions (MCQs) 📝
1. How much did the Asian Development Bank (ADB) loan to India? 🌏💼
- a) USD 500 million
- b) USD 850 million
- c) USD 1 billion
- d) USD 1.5 billion
- Answer: b) USD 850 million ✅
2. What event will India host from February 5-9, 2025? 🎬🌍
- a) World Music Festival
- b) Global Tech Summit
- c) World Audio Visual Entertainment Summit (WAVES)
- d) International Film Festival
- Answer: c) World Audio Visual Entertainment Summit (WAVES) ✅
3. How many years has the India-Australia Economic Cooperation and Trade Agreement (ECTA) completed? 🇮🇳🇦🇺
- a) 1 year
- b) 2 years
- c) 3 years
- d) 5 years
- Answer: b) 2 years ✅
4. Who was appointed as the new CEO of DBS Bank India? 🏦👔
- a) Ajay Tyagi
- b) Rajat Verma
- c) Deepak Parekh
- d) Shikha Sharma
- Answer: b) Rajat Verma ✅
5. Which country won the Border-Gavaskar Trophy in 2025? 🏏🇦🇺
- a) India
- b) England
- c) Australia
- d) South Africa
- Answer: c) Australia ✅