New Delhi: The World Bank on Friday announced an aid of $1 billion (Rs 6,925 crore approximately) to support India’s efforts to provide social assistance to the poor and most vulnerable households severely impacted by the coronavirus pandemic.
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The support package in fiscal and monetary measures will be funded in two phases –“an immediate allocation of $750 million for fiscal year 2020 and a $250 million second tranche that will be made available for fiscal year 2021” – the bank said in a statement.
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