The Board of Executive Directors of the World Bank has approved the financing of USD 250 million to support the "India State Support Program for Road Safety", a project by the Indian government to improve road safety.
The Financial Services Institutions Bureau (FSIB) has recommended G Rajkiran Rai for the position of Managing Director at the National Bank for Financing Infrastructure and Development (NaBFID).
Prime Minister of Italy, Mario Draghi has stepped down from his post after key coalition parties withdrew their support for his government on measures tackling the high cost of living.