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ADB to lend $926 million for Mumbai metro rail project
Sat, Mar 02, 2019
Marking its single largest infrastructure loan ever, the Asian Development Bank (ADB) on Friday signed a $926 million loan agreement with India to operationalise two lines for the Mumbai metro rail system.
Farm distress: ADB India chief favours direct transfer of funds to targeted beneficiaries
Fri, Jan 11, 2019
Earlier this week, RBI Governor Shaktikanta Das said any generalised farm loan waiver adversely impacts the credit culture and the behaviour of borrowers, amid various states announcing waivers. He said loan waiver is related to the fiscal space that a particular state government has.
ADB to extend USD 200 mn loan for upgrading roads in Bihar
Mon, Nov 26, 2018
The Centre and the Asian Development Bank (ADB) Monday signed a USD 200 million loan agreement to finance widening and upgrading of about 230 km of state highways in Bihar to all-weather standards with road safety features.
India's economy continues on robust growth path: ADB
Wed, Sep 26, 2018
On India, the ADB report said its economy continues on a robust growth path. "Its growth forecasts are unchanged at 7.3 per cent for 2018 and 7.6 per cent for 2019 as the temporary effects of the demonetisation of large banknotes and the introduction of the national Goods and Services Tax abate as expected," it said.
India fastest growing economy in Asia; on track to meet FY18 target: ADB
Thu, Jul 19, 2018
The ADO published in April had said that India's economic growth will rise to 7.3 per cent this fiscal and further to 7.6 per cent in the next financial year, retaining the fastest-growing Asian economy tag, on back of GST and banking reforms.
India nudges ADB to invest in fintech, health startups
Sat, May 05, 2018
Economic Affairs Secretary Subhash Chandra Garg said that the Asian Development Bank (ADB) should factor in the number of poor people in a country while deciding resource allocation. He was speaking on the sidelines of ADB's annual board meeting. The multilateral lender is making efforts to create 'Strategy 2030' to sustain its efforts to eradicate extreme poverty and to achieve sustainable growth in Asia and the Pacific
ADB lowers India's 2017 growth outlook to 6.7%
Wed, Dec 13, 2017
The recovery in the Indian economy "is more subdued than assumed earlier due to rising crude oil prices, soft private investment growth, and weather-related risks to agriculture," the ADB said.
Give primacy to views of developing nations, says FM Arun Jaitley to ADB
Sun, May 07, 2017
Finance Minister Arun Jaitley during his meeting in Japan has asked Asian Development Bank (ADB) to ensure primacy is accorded to views of developing countries in operations of the multilateral lending agency.
Govt, ADB sign $350 million loan for road development in Madhya Pradesh
Wed, Mar 22, 2017
Along with ADB’s loan, the Government of Madhya Pradesh will provide counterpart support of $150 million.
Asian Development Bank operations reach a record $31.5 billion in 2016
Mon, Jan 09, 2017
Asian Development Bank (ADB) operations for Asia and the Pacific reached all-time high of $31.5 billion in 2016, a 17% increase from $26.9 billion in the previous year.
Modi, Jaitley to hold pre-budget meeting with NITI Aayog, economists today
Tue, Dec 27, 2016
Prime Minister Narendra Modi and Finance Minister Arun Jaitley will meet NITI Aayog officials, economists and experts on Tuesday to get their views on the upcoming Budget 2017-18.
India may clock near 8% growth on back of good monsoon: Shaktikanta Das
Tue, May 03, 2016
The Indian economy continues to be strong and robust given the global economic situation that is prevailing.