USICEF - Current Affairs Questions and Answers

ANSWER: US India Clean Energy Finance

Explanation:
India and the US announced the setting up of two financial assistance programmes worth US $60 million for supporting India’s much needed clean energy initiatives including solar power and other renewables

• US is committed to bear its technical capacity, resources and private sector and is jointly lunching initiatives with India for clean energy development
• Apart from the US India Clean Energy Finance Initiative, two leaders Modi and Obama also agreed on a US $40 million US-India Catalytic Solar Finance Programme