Tag: Asian Development Bank
17 Results
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India, ADB sign $61 million loan to improve urban services in Agartala
Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs in India’s Ministry of Finance, signed for the Government of India, the agreement for Agartala City Urban Development Project while Takeo Konishi, Country Director of ADB’s India Resident Mission signed for ADB.
November 15, 2021 -
India, Asian Development Bank sign $412 million loan agreement
Of the total loan amount, $300 million has been earmarked as additional financing to scale up the improvement of rural connectivity to help boost rural economy in the state of Maharashtra, according to an ADB note issued by its Senior External Relations Officer Rajesh Kumar Deol here.
September 9, 2021 -
Election Commissioner Ashok Lavasa resigns, to join Asian Development Bank as its Vice President
The 62-year-old Lavasa was appointed as the Election Commissioner in January 2018 and had yet to serve two more years to complete his tenure.
August 18, 2020 -
ADB, India sign $177 million loan to upgrade roads in Maharashtra
The project will also focus on training the Maharashtra Public Works Department project staff to build their capacity in climate change adaptation and disaster-resilient features in road design, road maintenance planning and road safety.
May 28, 2020 -
ADB approves $1.5 billion loan to India to support its fight against COVID-19 crisis
The loan amount will focus on immediate priorities such as disease containment and prevention, as well as social protection for the poor and economically vulnerable sections of the society, especially women and disadvantaged groups.
April 28, 2020 -
Asian Development Bank assures $2.2 billion COVID-19 relief package to India
About 400 million people working in the informal economy in India are at risk of falling deeper into poverty due to the coronavirus crisis the UN’s labour body warned in its recent report.
April 10, 2020 -
ADB to give $200 million to companies working to combat Coronavirus
The financial support will be given to selected companies within weeks via ADB's Supply Chain Finance Program.
March 12, 2020 -
India’s growth forecast trimmed to 5.1% by ADB, cites consumption slowdown
Further, it has also cut the estimate for the next fiscal, FY 2020-21 to 6.5 per cent from 7.2 per cent.
December 11, 2019 -
ADB approves Rs 1,650 cr infra projects in Tripura
"The ADB would give 80 per cent of the amount as grant-in-aid and the Tripura Government would have to repay back only 20 per cent loan in due course of time."
June 16, 2019 -
‘A scheme to empower the poorest’
The CEO of the Ayushman Bharat Mission told Ajita Singh in an interview that it is a demand-driven and fund-driven scheme that focuses on empowering the poorest of the poor.
March 23, 2019 -
Himachal to spend Rs 480 cr for developing new tourist place
The development work will be carried out under the Asian Development Bank (ADB) Tranche-II project worth Rs 1892.04 crore.
October 30, 2018 -
Light and sound show on Shimla’s history to promote tourism
Himachal Pradesh government will showcase the history of Shimla and its linkages with Indian freedom struggle through a light and sound show for tourists. In reply to a discussion on tourism policy in the state Assembly, Chief Minister Jai Ram Thakur, who holds Tourism portfolio, said tourists must know the history of Shimla. “Shimla is …
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August 30, 2018 -
Centre approves Rs 1900 cr for tourism infrastructure in HP
Chief Minister Jai Ram Thakur on Thursday said Central government has approved a Rs 1,900 crore project for development of tourism infrastructure in rural and urban areas of Himachal Pradesh. Disclosing about the decision, he said Economic Affairs department of Union Finance ministry Rs 1,900 crore project which would be funded by the Asian Development …
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June 15, 2018 -
ADB to help in U’khand development
The Asian Development Bank (ADB) will be providing Uttarakhand Rs 1700 crore for sewage treatment and improving infrastructure in different cities of the state. A team of ADB, lead by India Resident Mission country director Kenichi Yokoyama, met Uttarakhand Chief Minister Trivendra Rawat in Dehradun on Monday. The ADB representatives have consented, in principle, to …
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April 23, 2018 -
India Ratings projects economic growth at 7.1% next fiscal
India Ratings and Research on Thursday projected the country’s economic growth to improve to 7.1 per cent next fiscal from 6.5 per cent this year, buoyed by robust consumption demand and low commodity prices. In its outlook for 2018-19, the agency said there will be a gradual pick up in growth momentum owing to structural …
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January 18, 2018 -
ADB lowers India’s GDP forecast for FY-18 to 6.7 per cent
The Asian Development Bank (ADB) on Wednesday lowered India’s GDP forecast for the current fiscal by 0.3 per cent to 6.7 per cent, attributing it to tepid growth in the first half, demonetisation and transitory challenges of tax sector reforms. It has also revised downward the gross domestic product (GDP) outlook for next fiscal beginning from March …
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December 13, 2017 -
World Bank raises China’s growth forecast to 6.7%
The World Bank has raised China’s growth forecast for 2017 from 6.5 per cent to 6.7 per cent and from 6.3 per cent to 6.4 per cent in 2018, authorities said on Thursday. In its latest East Asia and Pacific Economic Update report, the World Bank pointed out the new forecast follows an improvement in …
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October 5, 2017