ADB grants $200 million loan to Uttarakhand
In a significant development, the Asian Development Bank (ADB) on Wednesday sanctioned a $200 million loan to the Government of India to improve the quality
In a significant development, the Asian Development Bank (ADB) on Wednesday sanctioned a $200 million loan to the Government of India to improve the quality
According to a release, trade and industry contributed 14.1 per cent to Nepal's gross domestic product (GDP) in the financial year 2022.
Finance Minister Nirmala Sitharaman will lead the Indian delegation to attend the 56th annual general meeting (AGM) of the Board of Governors of Asian Development Bank (ADB) in South Korea's Incheon from May 2 to May 5.
The crisis-hit economy contracted by 7.8 per cent in 2022 and is forecast to contract by 3 per cent in 2023 as it continues to grapple with the challenges.
There is a combination of issues that many countries in developing Asia are facing but we do see the Chinese government responding quite strongly to some of these headwinds through a combination of fiscal and monetary policy measures," said Safdar Parvez, advisor at the East Asia Department of the ADB, during a virtual media briefing.
Informing about this, Chief Minister Jai Ram Thakur said the state government has succeeded in getting in-principle approval of Rs 2095 crore in ADB infrastructure development project for the state.
The government has launched the “Skill India” and “Digital India” programs to attract the youth and create high-value jobs in the manufacturing industry.
The project will construct two new metro lines, mostly elevated, along Outer Ring Road and National Highway 44 between Central Silk Board and Kempegowda International Airport with 30 stations.
The ADB expects that the inflation to fall in the remainder of FY2020 to 4.5 per cent with tamed food prices and decreased economic activity.
The report said that China, where the pandemic began, has already begun to recover and will see its economy grow 1.8% this year and 7.7% in 2021.