World Bank (WB) releases USD 340 million for Amaravati Capital Phase-I development
[World Bank, Andhra Pradesh]
Key Updates:
- The World Bank (WB) has released USD 340 million for the Amaravati Capital Phase-I development in Andhra Pradesh as of April 2026.
- The WB and the Asian Development Bank (ADB) have committed a total of USD 1,600 million for the project, with each entity contributing USD 800 million.
- The Central Government will fund ₹1,400 crore out of the ₹15,000 crore committed for the capital development.
- The loan has a 29-year final maturity and a six-year grace period, with repayment scheduled to begin on June 15, 2031.
- The interest rate for the funding is approximately 8% to 8.5% and will fluctuate based on international rates.
- The Amaravati Integrated Urban Development Programme (AIUDP) is being implemented under the Program for Results framework, linking disbursements to milestones.
- Flood management works have achieved over 35% completion across six locations in the capital region.
Similar Coverage
- The Andhra Pradesh Reorganisation (Amendment) Bill 2026 will be introduced in the Lok Sabha on 1 April 2026.
- The bill seeks to amend section 5 of the Andhra Pradesh Reorganisation Act 2014 to designate Amaravati as the capital of Andhra Pradesh.
- The amendment clarifies that Amaravati includes all areas notified under the Andhra Pradesh Capital Region Development Authority Act 2014.
- The Andhra Pradesh Legislative Assembly passed a resolution on 28 March 2026 requesting the Centre to enact the amendment.
- The proposed amendment will be effective retrospectively from 2 June 2024.
- Union Cabinet approved Rs 1 lakh crore Urban Challenge Fund to support urban infrastructure projects over five years.
- Cities must raise at least 50% of project cost from market through municipal bonds, bank loans, and public-private partnerships.
- Fund provides 25% Central assistance for projects where 50% cost is market-raised, covering projects worth Rs 4 lakh crore.
- Operational period is 2025-26 to 2030-31, extendable up to 2033-34.
- Projects identified via challenge-based framework covering urban mobility, water supply, sewerage, and legacy infrastructure retrofitting.
- Credit repayment guarantee scheme of Rs 5,000 crore approved for north-east/hilly states and cities below 1 lakh population, offering Central guarantee up to Rs 7 crore or 70% of loan amount for first-time borrowers.
- Administrative control of projects remains with state governments and urban local bodies.
- The Maharashtra cabinet approved Rs4,775 crore for the completion of the long-pending Bembla river project in Yavatmal district.
- Once completed, the scheme is expected to bring irrigation to 58,768ha of cultivable land across Ner, Babhulgaon, Kalamb, Ralegaon and Maregaon talukas of Yavatmal district.
- An allocation of Rs89.32 crore was approved for the rehabilitation of Mouza Dhamak village in Amravati district.
- Andhra Pradesh government earmarked 50 acres at Uddandarayunipalem village in Thullur mandal for the Amaravati Quantum Valley.
- The foundation stone was laid on 7 February by Chief Minister N Chandrababu Naidu and Union Minister for Science and Technology Jitendra Singh.
- The Valley will house India's first 133-qubit quantum computer through partnerships with IBM, Tata Consultancy Services (TCS), and Larsen & Toubro (L&T).
- The project represents a £600-million investment aligned with India's National Quantum Mission.
- The state will sign memoranda of understanding with nine leading companies during the foundation ceremony.
- The Quantum Valley building is scheduled for completion by August, with quantum computer installation targeted for December.
- The initiative is expected to create approximately 88,000 jobs and train hundreds of thousands of students.
U.S.-Iran talks collapse in Pakistan with no deal as ceasefire clock ticks
[United States, Iran, Pakistan]
Key Updates:
- Vice President JD Vance led the U.S. delegation for 21-hour talks with Iranian officials in Islamabad, Pakistan.
- The two-week U.S.-Iran ceasefire remains intact but expires in eight days.
- Key sticking points were Iran’s nuclear programme and control of the Strait of Hormuz.
- Iranian parliament Speaker Mohammad Bagher Ghalibaf said the U.S. failed to gain Tehran’s trust.
- Pakistani Foreign Minister Ishaq Dar urged both sides to uphold the ceasefire and continue dialogue.
- HRANA reports almost 3,400 people, including over 1,600 civilians, killed in Iran since the war began.
- President Donald Trump announced an immediate U.S. naval blockade of the Strait of Hormuz to counter Iranian mining.
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- Iran has proposed a 10-point peace plan to end the conflict as the United States (US) and Israel intensify military attacks on Iranian territory.
- US President Donald Trump set a deadline of 8:00 PM Washington time on Tuesday, 7 April 2026, for Iran to fully reopen the Strait of Hormuz.
- The Strait of Hormuz is a critical global energy corridor through which 20 percent of the world's oil and gas supplies pass.
- Pakistan is mediating talks in Islamabad and has put forward a 45-day ceasefire proposal to both US and Iranian negotiators.
- The Iranian 10-point plan includes clauses for ending regional conflicts, a protocol for safe passage through the Strait of Hormuz, the lifting of sanctions, and reconstruction.
- A previous 15-point US proposal delivered via Pakistan included a 30-day ceasefire, dismantling of nuclear facilities, and missile limits in exchange for sanctions removal.
- The US proposal also offered support for electricity generation at the Bushehr Nuclear Power Plant in exchange for reopening the Strait of Hormuz.
- Recent military strikes on 6 April 2026 targeted Iran’s top university, a major petrochemical plant, and a synagogue in Tehran.
- The ongoing conflict has resulted in the displacement of 1.2 million people in Lebanon due to Israeli attacks.
- Iran has increased its uranium enrichment levels to nearly 60 percent purity following the 2021 attack on the Natanz nuclear facility.
- The United Nations (UN) nuclear watchdog stated that Iran was not currently in a position to manufacture a nuclear weapon.
- Israeli Prime Minister Benjamin Netanyahu on 9 April 2026 instructed his cabinet to start direct negotiations with Lebanon as soon as possible.
- Netanyahu stated the talks will focus on disarming Hezbollah and establishing peaceful Israel-Lebanon relations.
- Israeli strikes across Lebanon on 8 April 2026 killed more than 300 people and wounded over 1,000, according to Lebanon’s Health Ministry.
- Lebanon’s cabinet ordered security forces to restrict weapons in Beirut to state institutions alone.
- Hezbollah lawmaker Ali Fayyad rejected direct negotiations with Israel and demanded an Israeli troop withdrawal and ceasefire first.
- Since 2 March 2026, Israeli attacks have killed at least 1,888 people and displaced over 1.2 million inside Lebanon, the United Nations reported.
- US and Iranian delegations are scheduled to meet in Islamabad, Pakistan on 11 April 2026 to discuss ending the five-week US-Israel war on Iran.
- The United States (US) and Israel initiated a military conflict against Iran on 28 February 2026.
- United States President Donald Trump proposed a 15-point peace plan delivered to Iran via Pakistan, suggesting a one-month ceasefire.
- The plan mandates the dismantling of Iranian nuclear enrichment facilities at Natanz, Isfahan, and Fordow.
- The proposal requires Iran to surrender its enriched uranium stockpile to the International Atomic Energy Agency (IAEA).
- The Islamic Revolutionary Guard Corps (IRGC) closed the Strait of Hormuz to shipping at the start of the conflict, later permitting passage for Indian, Pakistani, and Chinese-flagged vessels.
- Brent crude oil prices rose from a pre-war benchmark of approximately $65 to over $100 per barrel during the hostilities.
- Mojtaba Khamenei was appointed as the new Supreme Leader of Iran following the death of Ayatollah Ali Khamenei on 28 February 2026.
- The Bushehr civil nuclear plant, located 750 kilometres south of Tehran, is the only commercial nuclear power facility in Iran.
- The Joint Comprehensive Plan of Action (JCPOA) is the 2015 nuclear agreement from which the US unilaterally withdrew in 2018.
- The 15-point plan includes the removal of sanctions and the ending of the United Nations (UN) mechanism for reimposing them.
- The Iranian health ministry reported 1,500 fatalities and 18,551 injuries in Iran as of 25 March 2026.
- The United Arab Emirates (UAE) scrapped plans to operate Islamabad International Airport days after President Sheikh Mohammed bin Zayed Al Nahyan’s surprise visit to India.
- The airport project was under discussion since August 2025 but collapsed after Abu Dhabi failed to find a local partner and reportedly lost interest.
- The Express Tribune confirmed the cancellation was not officially linked to politics.
- Saudi Arabia and the UAE are publicly at odds, particularly over Yemen, with Riyadh opposing UAE-backed separatist factions.
- Pakistan deepened defence ties with Saudi Arabia, aiming to form an 'Islamic NATO' alongside Turkey.
- During the India visit, the UAE President approved release of 900 Indian prisoners and signed a Letter of Intent for a Framework Agreement on Defence Cooperation with India.
- Saudi Arabia and Pakistan signed a Strategic Mutual Defence Agreement in September 2025 treating any aggression against one as aggression against both.
India to host BRICS senior officials meeting bringing Iran and UAE together
[Iran, United Arab Emirates, BRICS]
Key Updates:
- India is hosting a BRICS senior officials meeting under its BRICS presidency that will see Iran and the UAE face to face for the first time since the West Asian conflict.
- The meeting agenda covers broader West Asian and North African issues including Palestine, Syria, Yemen and Lebanon.
- Iran, the UAE and Saudi Arabia are all BRICS members.
- BRICS could not issue a statement on the war earlier as consensus eluded it due to differences between Iran and UAE.
- Egypt, a BRICS member and India's strategic partner, is assisting India to hold the meeting and subsequent events including the foreign ministers' meet in May and the summit in September.
- Russian support has also been extended to India's BRICS Presidency.
Similar Coverage
- Russian Foreign Minister Sergey Lavrov will visit New Delhi on 14-15 May to attend the BRICS foreign ministers meeting.
- The meeting will finalise the general outlines of the documents to be submitted to the BRICS summit under India’s 2026 presidency.
- Lavrov will hold a separate working visit to meet External Affairs Minister Subrahmanyam Jaishankar and other Indian officials.
- India and Azerbaijan initiated a process towards a Confidence Building Mechanism (CBM) during a senior-level meeting in Baku.
- The Indian delegation was led by the Secretary (West) of the Ministry of External Affairs (MEA), Sibi George, who met with the Minister of Foreign Affairs of Azerbaijan, Jeyhun Bayramov.
- The two nations reviewed bilateral cooperation in the sectors of economic and trade relations, energy, tourism, and education.
- Political consultations were conducted between the MEA and the Ministry of Foreign Affairs of Azerbaijan, led by Sibi George and Deputy Foreign Minister Elnur Mammadov.
- India expressed gratitude to Azerbaijan for the support provided during the evacuation of Indian citizens from Iran.
- The representatives exchanged views on regional and international security issues, including the current tensions in the Middle East.
- India formally launched the logo and official website for its BRICS Presidency 2026 in New Delhi.
- The logo is inspired by the lotus, India’s national flower, with inner petals forming two hands in a Namaste gesture.
- Five petals are coloured to represent the founding BRICS members: Brazil, Russia, India, China and South Africa.
- External affairs minister S Jaishankar stated the theme underscores strengthening capacities, promoting innovation and ensuring sustainable development.
- India’s 2026 BRICS chairship priorities are resilience, innovation, cooperation and sustainability across political-security, economic-financial and cultural-people-to-people pillars.
- The 2nd India-Arab Foreign Ministers’ Meeting will be held in New Delhi on Saturday, co-chaired by India and the United Arab Emirates (UAE).
- Foreign ministers of 20 Arab League member states and the Arab League Secretary-General will participate in the meeting.
- The first India-Arab Foreign Ministers’ Meeting took place in Bahrain in 2016, and the current meeting occurs after a 10-year gap.
- The 2016 meeting identified five priority cooperation verticals: economy, energy, education, media and culture.
- Palestinian Foreign Minister Varsen Aghabekian Shahin urged increased Indian participation in Gaza reconstruction and continued support to UNRWA for Palestinian refugees.
- India has supported Palestinian education through schools in the West Bank and higher education centres in Gaza, some of which were destroyed in the last two years.
- The Gaza peace plan and regional peace and stability are expected agenda items at the meeting.