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Lucknow Metro gets 450 million Euro loan from European Investment Bank
Lucknow Metro will get a loan assistance of 450 million Euros (Rs.3,502 cr) from European Investment Bank for its Phase-1A project. An agreement in this regard was signed in Brussels on March 30,2016 in the presence of Prime Minister Shri Narendra Modi during his visit to the Belgium capital. The loan amount will be released in two tranches of 200 million Euros and 250 million Euros.
The loan agreement was signed by the Indian Ambassador to Belgium Shri Manjiv Singh Puri and Vice-President of European Investment Bank Shri Jonathan Taylor.
The 22.878 km long Lucknow Metro Phase-..
India's Foreign exchange reserves at record high of USD 361.601 bn
New Delhi- Foreign exchange reserves of India increased by 1.350 billion American Dollars to touch a record high of 361.601 billion dollars in the week to 22nd April. A RBI release said, foreign currency assets, a major part of the overall reserves, rose by 1.350 billion dollars to 337.537 billion dollars in the reporting week. 333.7 million USD  reserves had had risen in the  previous week.Gold reserves remained unchanged at 20.115 billion dollars in the week. India's special drawing rights with the International Monetary Fund increased by 0.1 million dollars to 1.498 billion dollars, while the country's reserve ...

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