
WB okays USD 426 mn for Bengaluru Water Security project
Bengaluru: The World Bank has sanctioned USD 426 million for a new initiative to enhance water security for over four million residents in Bengaluru, officials said. Karnataka Water Security and Resilience Programme will also help Bengaluru mitigate flooding by reviving the city's 183 lakes, which act as natural sponges during heavy rainfall, said a press release.
'This will also help communities through early warning systems and improved responses to extreme weather by strengthening the Karnataka State Natural Disaster Monitoring Centre,' said Kristoffer Welsien and Anup Karanth, the task team leaders for the programme.
Auguste Tano Kouame, the World Bank's Country Director for India, said the programme will also help increase the revenues of the Bangalore Water Supply and Sewerage Board. 'It will mobilise USD 5 million in private capital. This will improve efficiency, replace aging water pipes, and tap the private sector to create innovative tools like smart water meters,' Kouame was quoted as saying in the release.
The programme will also ensure sewerage connections to over 1,00,000 households and facilitate the construction of nine Sewage Treatment Plants (STPs) to prevent sewage from entering lakes and drains. According to the release, treated wastewater will be reused for industrial purposes and for recharging groundwater in the Greater Bengaluru area.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Fashion Value Chain
7 minutes ago
- Fashion Value Chain
New Report Reveals How India and Indonesia Are Quietly Powering a Regional Shift in Philanthropic Collaboration
A new report launched today by Sattva Consulting, with support from WINGS' #LiftUpPhilanthropy Fund, uncovers the emerging architecture of collaboration for development across South and Southeast Asia. titled Strengthening Collective Impact in South and Southeast Asia, the study offers a first-of-its-kind mapping of how philanthropy support ecosystems (PSEs) are enabling or stalling cross-sector partnerships in seven countries: Bangladesh, India, Indonesia, Malaysia, Pakistan, the Philippines, and Sri Lanka. Drawing on 147 multi-stakeholder partnerships (MSPs) across 13 broad sectors, from climate and food security to education and health, the report highlights both progress and persistent gaps in how philanthropic ecosystems are organised, resourced, and connected. 'We're in a moment of profound global uncertainty, marked by conflict, climate extremes, and shrinking aid, where the role of regional philanthropy is more critical than ever. Our research across seven countries reports heartening movements in collective action across topics and stakeholders. Yet, only 13% of multi-stakeholder partnerships (MSPs) include Philanthropy Support Organisations (PSOs) in a backbone role, which is crucial to establishing and scaling collective action, limiting its transformative potential. To respond to today's urgent challenges with the speed, scale, and solidarity they demand, we must invest in building PSO capabilities. Engaging with governments and the private sector is an essential part of establishing sustainable collective action. At Sattva Consulting, we see a clear opportunity to strengthen this ecosystem and unlock the full power of diverse, well-supported MSPs,' Aarti Mohan, Co-founder, Sattva Consulting. Some early signals from the report: India demonstrates the most developed philanthropy support ecosystem in the region, which enables both a significant number of multi-stakeholder partnerships and substantial philanthropic capital flows. In FY 2023-24 alone, approximately USD 280 million in philanthropic capital was directed through MSPs in the country. Indonesia's MSP ecosystem has promising models in climate and food security, backed by growing domestic philanthropy and evolving private-public collaborations. Regional PSOs have a strong focus on influencing government policies as a means to drive collective action. Most MSPs are flying without support , only 13% across the region have a philanthropic support organisation (PSO) playing a backbone coordination role, revealing a critical whitespace for ecosystem actors. Public-Private-Philanthropy Partnerships (PPPPs) are among the most effective approaches for aligning government, private sector, and philanthropic efforts to drive systemic change by influencing policy, fostering innovation, and scaling impactful interventions. Innovative finance is gaining traction, from Indias REVIVE Alliance helping workers and microentrepreneurs to Indonesia's nutrition-focused platforms drawing in private sector investments. But the report isn't just about metrics; it zooms in on how regional collaboration is evolving. It traces the evolution from loosely connected knowledge-sharing networks to more grounded, implementation-focused programmes that inform practice, alongside the emergence of outcomes-based financing models. This is unfolding in parallel with the gradual development of data ecosystems – all against the backdrop of a persistent gap: the absence of dedicated PSO databases in any country. Together, these shifts reflect a developing ecosystem, gaining momentum toward more coordinated and impactful collective action. 'The new report from Sattva highlights just how vital strong philanthropy support ecosystems are to unlocking the full potential of multiâ'stakeholder partnerships across South and Southeast Asia. It shines a light on where collaboration is working-and where greater support is needed-to drive systemic change across sectors and borders. This is precisely the focus of the #LiftUpPhilanthropy (LUP) Fund, launched by WINGS and generously coâ'funded by the European Union, which aims to foster deeper connections, stronger ecosystems, and a more enabling environment for philanthropy to catalyse meaningful and lasting impact,'Jodel Dacara, Regional Coordinator for Asia and the Pacific. The study also highlights the role of regional conveners like Asian Venture Philanthropy Network (AVPN), Philanthropy Asia Alliance (PAA), and Asia Philanthropy Circle (APC) in strengthening collaboration across borders. The full report includes country-specific analyses, best practices for enabling MSPs, and actionable recommendations for ecosystem actors working to drive more effective and collaborative development outcomes across the region. About Sattva Consulting Sattva Consulting is an Indian-origin global impact consulting firm. Our work spans 25 countries and 5 continents as we engage with communities, businesses and governments to deliver societal impact at scale since 2009. We believe that civil society, business, and government all have a critical role to play in building an equitable and sustainable world, and we actively partner with all stakeholders to enable impact through our research & advisory services, knowledge platforms and collaborative initiatives. About WINGS WINGS is a network of over 230 members, consisting of philanthropy associations, networks, academic institutions, support organisations, and funders, across 58 countries, whose purpose is to strengthen, promote and provide leadership on the development of philanthropy and social investment to promote and develop philanthropy and contribute to a more effective and diverse civil society.


Mint
an hour ago
- Mint
Bank of India board approved raising ₹20,000 crore via Long Term Infra Bonds
New Delhi [India], June 26 (ANI): The Board of Directors of Bank of India on Thursday considered and approved issue of Long Term Infra Bonds to the tune of ₹ 20,000 crore during the current financial year 2025-26. The bank informed stock exchanges that the decision was taken at the meeting of the Board of Directors earlier today. In February this year, Bank of India had raised 10 years Infrastructure Bonds of ₹ 2,690 crore at 7.50 per cent per annum. Other Public sector banks are also lining up fund-raising plans. Union Bank of India's board has approved raising of ₹ 6,000 crore through a mix of equity an debt instruments. ₹ 3000 crore will be raised through equities or rights issue and ₹ 3000 Crore via AT1 and Tier-2 binds. Infrastructure bonds typically have a long tenor and the proceeds are utilised by banks to fund long-term infrastructure projects. Reportedly, banks are increasingly tapping more resources via infrastructure bond issuances in the backdrop of deposit growth lagging credit growth. Public sector banks (PSBs) reportedly accounted for a majority of the total infra bond issuances last financial year. By 2030, India's economy is expected to expand to USD 7 trn from existing USD 3.9 trn. This is equivalent to nearly 2x expansion in the next 6 years. Infrastructure investments will play a pivotal role in enabling economic growth, as statistically, they are highly correlated. As per a recent analysis by Knight Frank India, a 1 per cent increase in infrastructure investment increases the economy's GDP by 0.60 per cent. To achieve an economic size of USD 7 trn by 2030, India's economy, according to Knight Frank, is required to grow at a CAGR of 10.1 per cent between 2024- 2030. Notably, this is the average annual growth China witnessed between 2000-10. To achieve a USD 7 trillion economy, India would require infrastructure investment worth USD 2.2 trillion until 2030. Bank of India shares closed at ₹ 116.91 up 0.65 percent today at NSE. (ANI)


Time of India
an hour ago
- Time of India
Private equity inflow in real estate at $1.73 bn till Jun 15 this yr, set to fall sharply in H1: Knight Frank
Private Equity investments in Indian real estate may decline in the first half of 2025. Knight Frank India reports investors are becoming more cautious. Several factors contribute to this expected drop. These include elevated interest rates and tighter liquidity. Increased scrutiny over returns also plays a role. The office segment attracted the most capital till June 15, 2025. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Private equity (PE) investments in the Indian real estate sector stood at USD 1.73 billion till June 15 this year and are likely to fall sharply in the first half of 2025 as investors have become cautious, according to Knight Frank India The PE inflow in real estate stood at USD 2.96 billion in the first half of estate consultant Knight Frank India on Thursday attributed the likely fall in PE investments to "...a shift in global capital flows due to elevated interest rates, tightening liquidity, and increased investor scrutiny over risk-adjusted and post-tax returns".The office segment attracted the highest share of PE capital at USD 706 million till June 15 of the 2025 calendar real estate received USD 4.9 billion in PE investments in the full 2024 calendar year. The sector attracted record PE inflow in 2018 at USD 7.8 consultant noted that western institutional capital receded further so far this year, primarily due to narrowing India-US yield spread , Indian rupee depreciation (from 83.1 in Dec 2023 to 85.6 per USD in H1 2025), and India's 12.5 per cent long-term capital gains tax, which affects post-tax it said that domestic capital has stepped up substantially.