Asian Development Bank

Asian Development Bank News

World Bank rules out bridge financing or new loan commitments to crisis-hit Sri Lanka
World

World Bank rules out bridge financing or new loan commitments to crisis-hit Sri Lanka

The World Bank said that they are reshuffling the already allocated resources to provide essential medicines and other cash assistance to the vulnerable

Asian Development Bank pegs India's economic growth at 7.5% for 2022-23
India

Asian Development Bank pegs India's economic growth at 7.5% for 2022-23

Large public infrastructure investments planned over the next two years will encourage more private investment

India takes bold steps to revive BIMSTEC, ball now with other members to take it forward
World

India takes bold steps to revive BIMSTEC, ball now with other members to take it forward

Confidence building and funding should not be only at Indian initiatives. The next steps must be to move from oft-expressed aspirations to small achievements

Pakistan does have a debt problem but it's not because of China, says planning minister Asad Umar
World

Pakistan does have a debt problem but it's not because of China, says planning minister Asad Umar

He was responding to a report by a US-based think tank, which alleged that Pakistan's debt was rising to a dangerous level because of CPEC

Online platform SPIN to usher India's rooftop solar programme onto fast track
India

Online platform SPIN to usher India's rooftop solar programme onto fast track

The programme will be implemented with the total central financial support of Rs 11,814 crore

Significant progress on FATF's first action plan: US on Pakistan's grey list status for terror financing
World

Significant progress on FATF's first action plan: US on Pakistan's grey list status for terror financing

The global body against money laundering and terror financing had also asked Pakistan to work to address its strategically important deficiencies

Explained: As G7 plans Build Back Better World, here's how much China has spent on Belt And Road Initiative
World

Explained: As G7 plans Build Back Better World, here's how much China has spent on Belt And Road Initiative

Compared to the post-World War domination that the US achieved, China may appear relatively new to the game. But the dragon has already made big strides; it is the US that may appear like it needs to play catch-up

Growing convergence between India, G7 on China threat makes Cornwall meet crucial for New Delhi
World

Growing convergence between India, G7 on China threat makes Cornwall meet crucial for New Delhi

The references to China, direct and indirect, at the G7 Summit are helpful from India’s point of view in taking cognisance of the mounting Chinese threat with which the country is now confronted more openly and durably

In Bangladesh, abuse of Madhupur's indigenous people persists amidst government's 'social forestry' programmes
long-reads

In Bangladesh, abuse of Madhupur's indigenous people persists amidst government's 'social forestry' programmes

The Garos of Madhupur Sal forest have been struggling for the right to access the forest since 1962, when the Madhupur forest was declared a national park by the Pakistan government, which then administered the land.

Ex-finance secretary Rajiv Kumar assumes charge as election commissioner, replaces Ashok Lavasa
India

Ex-finance secretary Rajiv Kumar assumes charge as election commissioner, replaces Ashok Lavasa

Kumar, a retired 1984-batch IAS officer of the Jharkhand cadre, will have a five-year tenure and retire in 2025. He will preside over the next Lok Sabha polls in 2024

Ashok Lavasa resigns as Election Commissioner, set to join ADB as vice-president
India

Ashok Lavasa resigns as Election Commissioner, set to join ADB as vice-president

Lavasa joined as Election Commissioner in January 2018 and had more than two more years left in his tenure

Asian Development Bank provides $3 mn grant to India to combat COVID-19 pandemic
India

Asian Development Bank provides $3 mn grant to India to combat COVID-19 pandemic

The grant will be used to procure thermal scanners and essential commodities to strengthen India's COVID-19 response, said the funding agency

Asian Development Bank appoints Election Commissioner Ashok Lavasa as vice-president
India

Asian Development Bank appoints Election Commissioner Ashok Lavasa as vice-president

Lavasa will succeed Diwakar Gupta as vice-president for private sector operations and public-private partnerships of the bank

India's economy wasn't hit as hard as anticipated; scope to boost farm employment: veteran banker KV Kamath tells Network18
India

India's economy wasn't hit as hard as anticipated; scope to boost farm employment: veteran banker KV Kamath tells Network18

Indicating there is a big scope for enhancing farm employment, KV Kamath said that agriculture has come back very quickly and rural India has been less affected by the challenges presented by the COVID-19 pandemic.

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

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
Business

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
Business

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
Business

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

Stock Markets Today Latest Updates: Sensex plunges over 450 points, Nifty below 9,000-mark at close; realty, auto, bank index decline
Business

Stock Markets Today Latest Updates: Sensex plunges over 450 points, Nifty below 9,000-mark at close; realty, auto, bank index decline

Stock Markets Today LIVE Updates: Sensex down over 600 points, Nifty down 185 points; Rupee slips 8 paise against dollar

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

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