SMART Cities funds from World Bank, ADB, BRICS bank

Q.  SMART Cities are planning to raise funds through loans. They are planning loans form which of the following?

1) World Bank.
2) ADB
3) AIIB
- Published on 25 Apr 16

a. 1, 2
b. 1, 3
c. 2, 3
d. All of the above

ANSWER: 1, 2
 
  • ADB has in principle agreed to extend a loan of US $ 1 Billion while the World Bank is willing to extend a loan of US $ 0.50 billion for the implementation of Smart City Mission. BRICS Development Bank is keen to support smart city projects.
  • The judiciary can revise its own verdicts.
  • Judicial review is one of the basic structures of the constitution.

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