Current Affairs - Finance - Discussion

On September 22, 2025, the Government of India signed a $125 million loan agreement with the Asian Development Bank (ADB) to strengthen infrastructure in Assam. The initiative, called the Assam Urban Sector Development Project, aims to improve urban water supply, enhance flood management systems, and promote better urban governance. Around 360,000 residents are expected to benefit directly from this project. Key interventions include constructing six water treatment plants, laying 800 km of pipelines, and upgrading Guwahati’s drainage systems to reduce flooding. Additionally, institutional reforms such as GIS-based property tax databases and digital billing systems will ensure transparency and financial sustainability.