India and World Bank Sign $300 Million Agreement for Haryana Clean Air Project

The Government of India and the World Bank have formalized a $300 million pact to implement the 'Haryana Clean Air Project for Sustainable Development Operation'.
The project aims to improve air quality in Haryana through institutional capacity building, policy reforms, and infrastructure investments.
Key focal areas include the deployment of advanced air monitoring systems, promotion of electric public transport, and pollution control measures.
The initiative has successfully mobilized an additional $127 million in private capital to support sustainable environmental goals.
Perspective: This project is part of a broader strategy to tackle the air pollution crisis in the National Capital Region (NCR) through state-level interventions.

Key Facts / Static GK

World Bank President: Ajay Banga
World Bank HQ: Washington D.C., USA
Haryana Governor: Bandaru Dattatreya

Q Practice Quiz — 17 March 2026

1. Which state has been selected as the 'Pilot State' for the RBI's Awareness Program on Digital Payments launched in March 2026?

A Gujarat

B Karnataka

C Maharashtra

D Uttar Pradesh

E Tamil Nadu

Explanation: The RBI launched its pilot Awareness Program on Digital Payments specifically focusing on the rural and semi-urban areas of Maharashtra.

2. What is the new 3-year Marginal Cost of Funds Based Lending Rate (MCLR) set by Canara Bank effective from March 12, 2026?

A 8.85%

B 8.90%

C 8.95%

D 9.00%

E 9.10%

Explanation: Canara Bank increased its 3-year MCLR by 10 basis points, moving it from 8.90% to 9.00%.

3. Consider the following statements regarding the recent FSSAI reforms: 1. FSSAI licenses will now have perpetual (lifetime) validity. 2. The turnover limit for Basic Registration has been raised to ₹1 crore. 3. Street vendors under the 2014 Act require manual registration with FSSAI. Which of the statements above is/are correct?

A Only 1

B Only 2

C 1 and 2 only

D 1 and 3 only

E All 1, 2, and 3

Explanation: Statement 1 is correct. Statement 2 is incorrect as the limit is ₹1.5 crore. Statement 3 is incorrect as street vendors will now be automatically considered registered.

4. Razorpay's newly launched AI-powered platform 'Agent Studio' is built on which specific AI technology?

A OpenAI GPT-4

B Google Gemini

C Anthropic’s Claude

D Meta Llama 3

E Microsoft Copilot

Explanation: Razorpay Agent Studio is built on Anthropic's Claude AI technology to facilitate automated payment operations.

5. What is the total value of the agreement signed between India and the World Bank for the Haryana Clean Air Project in March 2026?

A $150 Million

B $250 Million

C $300 Million

D $450 Million

E $500 Million

Explanation: The agreement between India and the World Bank for the Haryana Clean Air Project is valued at $300 million.

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