<h1>India and World Bank Sign $35M Loan Deal for Assam's Financial Reforms to Boost Budget Transparency and Tax Efficiency.</h1> India and the World Bank have signed a USD 35 million loan agreement for the Assam State Public Financial Institutional Reforms Project. The agreement aims to enhance predictability and transparency in budget execution and improve tax administration efficiency in Assam. The total project cost is USD 44 million, with the World Bank financing the majority and the remainder covered by the state budget. Spanning five years, the project is expected to benefit Assam's citizens through improved processes, transparency, and service delivery, including electronic payments, better public procurement, and enhanced taxpayer services.