Page 2 - Adb

ADB approves Rs 3,752 cr funding to govt for enhancing school education

The loan supports the Integrated Scheme for School Education (Samagra Shiksha) and the new Exemplar School Initiative of the Ministry of Education (MOE)

ADB to provide $100 mn loan for agribusiness development in Maharashtra

The Asian Development Bank will provide a $100 million (around Rs 749 crore) loan to promote agribusiness network to boost farm incomes and reduce food losses in Maharashtra

Himachal CM Thakur seeks $100 mn ADB project for tourism infrastructure

Himachal Pradesh Chief Minister Jai Ram Thakur on Thursday sought revival of the $100 million ADB project (Phase I) aimed at building world-class tourism infrastructure in the state.

Debt-ridden Pakistan gets $500 mn loan from ADB to buy coronavirus vaccines

The Asian Development Bank on Friday approved a USD 500 million loan for debt-ridden Pakistan to help it buy coronavirus vaccines.

ADB lowers India's economic growth forecast for this fiscal to 10%

Asian Development Bank has downgraded India's economic growth forecast for current financial year to 10 per cent on Tuesday, from 11 per cent projected in April, on account of coronavirus pandemic

ADB trims developing Asia's 2021 economic growth forecast to 7.2%

Developing Asia's economic growth this year will be slightly lower than previously projected, Asian Development Bank said on Tuesday, citing the resurgence of Covid-19 infections in countries

ADB to provide Rs 100 cr loan to Medanta to combat Covid-19 pandemic

Naresh Trehan, Global Health Chairman and Managing Director of Medanta said the partnership with ADB will meet its financing requirement

ADB to provide $231 mn loan to enhance power generation capacity in Assam

ADB will provide a $231 million loan to augment electricity generation capacity in Assam through construction of a 120-megawatt (MW) hydroelectric power plant

Top headlines: Govt reaches out to farmers, US lawsuits seek Facebook split

Business Standard brings you top headlines of the evening

ADB approves $300 mn policy-based loan to cash-strapped Pakistan

Pakistan has been facing the dilemma of rise and fall in the export growth showing underperformance of its export industry.

ADB to provide $346 mn loan for power supply project in rural Maharashtra

The Asian Development Bank (ADB) and the Government of India on Monday signed a $346 million loan pact to help provide efficient and reliable power supply to rural agriculture customers in Maharashtra

FM urges ADB to step up lending, private sector operations to ease poverty

India has the absorptive capacity to receive about USD 4 billion a year from sovereign operations and about USD 1.5 billion annually from the private sector financing window, Sitharaman said

India, ADB sign $500 million loan for Delhi-Meerut RRTS corridor

India and Asian Development Bank (ADB) on Tuesday signed a 500 million dollar loan, the first tranche of a total one billion dollar facility, to build a modern, high-speed 82-km Delhi-Meerut regional rapid transit system (RRTS) corridor that will improve regional connectivity and mobility in the national capital region.With a design speed of 180 km per hour and high-frequency operations of every five to ten minutes, the corridor connecting Sarai Kale Khan in Delhi to Modipuram at Meerut in Uttar Pradesh is expected to reduce the journey time to about one hour from the present three to four hours.The RRTS will have multi-modal hubs to ensure smooth inter-change with other transport modes. The first tranche loan will support construction of the first of three priority rail corridors planned under the NCR Regional Plan 2021 to connect Delhi to other cities in adjoining states.The signatories to loan agreement were Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB) at the ...

President accepts Ashok Lavasa's resignation as Election Commissioner

Lavasa's resignation comes at a time when the Election Commission is preparing to hold Bihar assembly polls amid the coronavirus pandemic

Ashok Lavasa quits as Election Commissioner; to join ADB as vice president

Ashok Lavasa was next in line to head the Election Commission

ADB to lend Thailand $1.5 billion to aid its coronavirus response

Asian Development Bank announced Tuesday it will provide a $1.5 billion loan to Thailand to aid its response to the coronavirus pandemic

ADB sees coronavirus slashing 2020 global remittances by over $100 bn

Remittances to Asia and the Pacific, which amounted to $315 billion in 2019, help fuel the consumption-led growth for some of the region's developing economies, including the Philippines

Asian Development Bank approves Rs 22-cr grant to India to combat Covid-19

The grant will be used to procure thermal scanners and essential commodities to strengthen the India's Covid-19 response

Covid-19 exposes Asian banks' vulnerability to US dollar funding: ADB

US dollar-denominated lending has increased across banks in high-income Asian economies, notes ADB briefing paper

ADB appoints Election Commissioner Ashok Lavasa as new vice-president

He has extensive experience in public-private partnerships and infrastructure development at the state and federal levels, with deep knowledge on public policy and the role of private sector, it said.