Tag: Asian Development Bank

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

Call for nationwide protests against ADB’s projects in India

While the Asian Development Bank celebrated its 50th year of its inception in Japan, thousands of people in over 21 states in India, protested against the policies and projects of the ADB. "The protests in the past week are an outpouring sentiments against the policies and projects of ADB and other IFIs, which displaces people …

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May 8, 2017

Give primacy to views of developing nations: Jaitley to ADB

Finance Minister Arun Jaitley on Sunday asked Asian Development Bank (ADB) to ensure primacy is accorded to views of developing countries in operations of the multilateral lending agency. The Finance Minister expressed the views in his meeting with ADB President Takehiko Nakao here. He also held bilateral discussions with Japanese Finance Minister Taro Aso. During …

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May 7, 2017

ADB to expand lending in Asia by 50% by 2020

The ADB has come a long way since it first started operations in 1966. At the time of its establishment, Asia was mired in poverty, with per capita income standing at about $100 — the lowest in the world.  The 50th annual meeting of the Asian Development Bank (ADB) began in the Japanese city of …

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May 6, 2017

Still scope of rate cut pass-through for borrowers: Das

Indian banks should further cut interest rates for borrowers to pass on the benefit of cash windfall from demonetisation, Economic Affairs Secretary Shaktikanta Das said on Friday. The cash recall has seen about Rs.15 lakh crore making its way to the banking system. The Reserve Bank has slashed the policy rate by 150 basis points, …

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May 5, 2017

Jaitley not to attend ADB meet on pressing engagements

Finance Minister Arun Jaitley has cancelled his attendance at the Asian Development Bank's annual meeting here because of pressing domestic engagements back home. Jaitley, who also holds the additional charge of defence minister, is however scheduled to travel to Tokyo this weekend seeking Japanese investment into India. He was scheduled to attend ADB's 50th annual …

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May 3, 2017

India’s growth to accelerate to 7.4 per cent in 2017-18: ADB

The Asian Development Bank (ADB) on Thursday said that India's growth rate will improve to 7.4 per cent during 2017-18 and go up further to 7.6 per cent in the next fiscal, remaining ahead of China. “The impact of the demonetisation of high-value banknotes is dissipating as the replacement banknotes enter circulation. Stronger consumption and …

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April 6, 2017