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Paperless assembly will save Himachal government Rs 15 crore and also, a lot of trees

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By Newsgram Staff Writer

The successful execution of paperless e-Vidhan Sabha will save Himach Pradesh government Rs 15 crore, apart from being environment friendly, Himachal Pradesh Governor Kalyan Singh said on today.

Under the project the assembly was made totally paperless with all the replies to questions, copies of bills and reports being provided online. All ministers were given touch screen devices to do their work. The transition wasn’t a smooth one as many legislators had to take computer training classes to get familiar with the technology. But the hard work has been worth the while.

The state is taking additional steps to save the fragile ecology of the hills and has already finalized an action plan on climate change as a part of adaptation and mitigation strategies, the Governor said in his three minute address on the first day of Himachal Pradesh Assembly session.

The state has also planted 45 lakh medicinal plants, investing Rs 10 crore.

The state has also received a development policy loan of $100 million from the World Bank for shifting towards green growth and sustainable development.

 

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World Bank shareholders endorse capital increase plan

Following the capital increase plan announced Saturday, the combined financing arms of the World Bank

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World Bank's prompt decission to pause two seperate projects with India nad Pakistan came after India's objection against it
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The World Bank has said its shareholders endorsed a capital increase package, a series of internal reforms, and a set of policy measures to strengthen the international lender’s capabilities.

The $13 billion capital increase package includes $7.5 billion of paid-in capital for the International Bank for Reconstruction and Development (IBRD), the group’s primary lending arm, and $5.5 billion for the International Finance Corporation (IFC), the group’s private sector lending arm, said the World Bank in a statement on Saturday, Xinhua reported.

World BAnk shareholders to have better plans.

World Bank shareholders also endorsed a $52.6 billion callable capital increase for IBRD, the statement said.

“Through the historic agreement endorsed today, our shareholders have clearly demonstrated a renewed confidence in global cooperation,” World Bank Group President Jim Yong Kim said.

“This capital package allows for greater responsiveness to risks to global stability and security, particularly in poorer countries and fragile states,” Kim added.

Following the capital increase plan announced Saturday, the combined financing arms of the World Bank are expected to reach an average annual capacity of nearly $100 billion between fiscal year 2019 and fiscal year 2030, said the World Bank. Kim said at a press briefing this week that the capital increase package doesn’t target changes of loans to any specific country.

Also Read: India will become High-Middle Income Country by 2047, says World Bank CEO

“It’s about how we think about income levels and how the World Bank Group can continue to be a partner and to support all of our member countries who are still clients,” he argued. He said that the multilateral lender would increase lending to lower middle-income countries over time. IANS

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