The World Bank's Board of Executive Directors approved a $245 million loan to support India's efforts to modernize rail freight and logistics infrastructure.
Chhatrapati Shivaji Maharaj International Airport has become the first airport in India to launch a first-of-its-kind Vertical Axis Wind Turbine and Solar PV Hybrid (Solar Mill) to explore the potential of using wind power at Mumbai Airport.
The Ministry of Statistics and Programme Implementation, India's headline retail inflation rate eased to 7.04 percent in May from April's near-eight-year high of 7.79 percent thanks to a favourable base effect.
International Monetary Fund Managing Director Kristalina Georgieva announced the appointment of Indian national Krishna Srinivasan as Director of the Asia and Pacific Department (APD).
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