World Bank Provides $245 Million to Help Indian Railways
The Board of Executive Directors of the World Bank approved a $245 million loan to aid India's efforts to update its logistics and rail freight infrastructure. The Rail Logistics project will assist India in diverting more traffic from the road to the rail, improving the efficiency of both freight and passenger transportation while lowering annual GHG emissions by millions of tonnes. Additionally, the project will encourage more private sector investment in the railroad industry.
With 1.2 billion tonnes of freight moved during the fiscal year that ended in March 2020, Indian Railways (IR) is the fourth-largest rail network in the world.
Senior IPS Officer appointed Director-General of NIA
Dinkar Gupta, the former Punjab DGP was appointed as the new Director-General of the National Investigation Agency (NIA) on June 23, 2022. NIA is an anti-terror probe agency that was formed after the 26/11 attack in Mumbai. Earlier in May 2021, Director General of CRPF Kuldeep Singh was given an additional charge of the NIA after the retirement of Y C Modi.
As per the official order announcing the new NIA Director General, the Appointments Committee of the Cabinet cleared the name of Dinkar Gupta, a 1987-batch IPS officer from Punjab, for the top NIA post. Dinkar Gupta will hold the post of NIA Chief will March 31, 2024, which is the date of his retirement or till further orders, whichever comes earlier.
J&K to host G-20 meetings in 2023
The Union Territory government on Thursday established a five-member high level committee for general coordination, marking a significant development in that Jammu and Kashmir will host the G-20 meetings in 2023, a crucial organisation that brings together the world's leading economies.
After the former state's special status under Article 370 of the Constitution was revoked and it was split into two union territories in August 2019, this will be the first significant international summit to be hosted in Jammu and Kashmir.