World Bank approves $1.5 billion financing to support India’s reform programmes
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Legislative action — a bill, act, or amendment that creates or modifies the legal framework. Carries binding force and shapes the rules under which citizens, institutions, and markets operate.
Summary
The current financing is also aligned with the Country Partnership Framework (CPF) India has with the World Bank until 2031.
Key Facts
Type Legislation
Source The Hindu - Business
Published Friday, 19 June 2026
Affected Population ~850 million internet users, 75,000+ startups
Key Numbers
Rs 15,000 crore for Digital India initiatives
UPI: 14 billion monthly transactions
850 million+ Aadhaar-linked mobiles
PMAY-G: 2.95 crore houses sanctioned
Key Authorities
Key Stakeholders
Government Context
NDA III BJP-led NDA
Left Centre Right