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ADB approves $177 mn loan to upgrade 450 km of state highways, major district roads in Maharashtra

The Asian Development Bank (ADB) on Thursday signed a $177 million loan to upgrade 450 km of state highways and major district roads in Maharashtra

Coronavirus pandemic could inflict up to $8.8 trillion losses in global economy, says ADB

The global economy is expected to suffer USD 5.8-8.8 trillion in losses due to the coronavirus pandemic, Asian Development Bank (ADB) said on Friday

Asian Development Bank gives over Rs 2,600 cr loan for power sector in rural Maharashtra

The Asian Development Bank (ADB) on Wednesday said it has approved a $346 million (around Rs 2,616 crore) loan to the Indian government to provide reliable power connection in rural areas of Maharashtra

Coronavirus Outbreak: ADB approves $1.5 bn loan to India to fight COVID-19 pandemic

The Asian Development Bank (ADB) on Tuesday said it has approved $1.5 billion loan to India to help fund its fight against coronavirus pandemic

Coronavirus Outbreak: World's biggest lockdown likely to cost Rs 7-8 lakh cr to Indian economy, say analysts

Prime Minister Modi is likely to detail the post-lockdown scenario in an address to the nation on Tuesday morning.

ADB assures Rs 16,500 cr support package to India for COVID-19 response; commends govt's response to pandemic

ADB is also engaged with the private sector to meet its financing needs during this period, ADB said in a statement.

'Greatest emergency since Independence': Raghuram Rajan urges govt to seek experts' help in dealing with COVID-19's economic impact

Former RBI governor Raghuram Rajan has suggested to the government to call people with proven expertise and capabilities, including from Opposition, to deal with perhaps the greatest emergency being faced by the country since Independence following the coronavirus outbreak.

Coronavirus Outbreak: Former RBI governor Raghuram Rajan urges govt to invite experts to deal with economic impact of pandemic

Rajan, a professor of finance at the University of Chicago Booth School of Business, suggested that India should now plan for what happens after the lockdown, if the virus is not defeated.

Coronavirus Outbreak: India may post lowest GDP growth in post-reform period in FY21, says economist at NIPFP

Indian economy, which was already in slowdown phase for the last six quarters, could register the lowest growth in the post-reform period in 2020-21 despite strong monetary and fiscal stimulus measures, an eminent economist said on Friday

Coronavirus Outbreak: ADB expects India's economic growth to slow down to 4% in FY21

India's economic growth is likely to slow down to 4 percent this fiscal on the back of the current global health emergency, Asian Development Bank said in its outlook for the financial year 2020-21 on Friday