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Asian Development Bank News
Asian Development Bank
India set to grow at 7.2 pc this fiscal on rising consumption: ADB
Wed, Apr 03, 2019
India's growth is set to pick up and is expected to grow at 7.2 per cent in the current fiscal on strengthening consumption, Asian Development Bank said in its flagship report released Wednesday.
Farm loan waivers against economic principles: ADB India chief
Sat, Jan 12, 2019
Joining the debate on farm loan waivers, Asian Development Bank (ADB) Country Director Kenichi Yokoyama Friday said such write-offs were against economic principles and cannot effectively address the agrarian distress.
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.
US-China trade war dims Asia's 2019 growth outlook: ADB
Wed, Sep 26, 2018
On Wednesday, Developing Asia could grow more slowly than previously thought next year as the U.S.-China trade war inflicts collateral damage on the region`s export-reliant economies, the Asian Development Bank (ADB) said.
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
India to grow 7.3% this financial year, 7.6% in FY2019: ADB
Thu, Apr 12, 2018
In its Asian Development Outlook (ADO), 2018, ADB said, Indian economy grew 6.6 percent in the last fiscal as it battled the lingering effects of demonetisation in 2016, businesses adjusting to Goods and Services Tax (GST) in 2017, and a subdued agriculture.
Big blow for Mumbai, Metro rollout delayed, here is why
Tue, Apr 03, 2018
The deadlock over procurement of the coaches lasted for almost one year because the financing bank for the two Metro projects — the Asian Development Bank (ADB) — wanted MMRDA to strike out a condition stating 75 per cent of the Metro coaches will be made in India.
Centre, ADB sign $84 million loan for water supply in Bihar
Fri, Feb 23, 2018
The ADB loan is part of the $200 million multi-tranche financing facility for the Bihar Urban Development Investment Programme, and it will facilitate improvement and expansion of water supply in Bhagalpur and Gaya towns in the state.
Sensex drops 175 points on ADB forecast, macro worries
Wed, Dec 13, 2017
The 50-share NSE Nifty slipped below the 10,200-mark by falling 47.20 points, or 0.46 per cent, at 10,192.95 after hovering between 10,169.85 and 10,296.55.
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.
Despite short-term hiccups, India will remain world’s most dynamic emerging economies: ADB
Tue, Sep 26, 2017
ADB in its report said that the forecast for the rest of FY2017 will be more bullish as private consumption is expected to pick up on the back of low inflation and anticipated wage hikes.
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.
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.