Page 4 - Asian Development Bank

ADB to give Rs 2100-cr loan to Tripura for urban, tourism development

The Asian Development Bank is likely to provide a Rs 2,100 crore loan to the Tripura government for the development of urban areas and tourism

ADB launches $9 bn Covid vax initiative for its developing member economies

ADB said more than 14.3 million positive cases have been identified in Asia and the Pacific, causing more than 2,00,000 deaths

ADB cuts India's FY21 contraction forecast to 8% on back of faster recovery

The economy contracted by 23.9 per cent in June quarter of the current fiscal on account of the impact of the coronavirus pandemic

ADB approves $50 mn loan to improve resource planning in West Bengal

The loan builds on past ADB policy-based programs in 2012 and 2017, supporting the Government of West Bengal on sustainable public financial management reforms

ADB-backed Mortgage Corp may need new investors to grow

The revision factors in lower-than-anticipated growth in the company's scale of operations, which impacts its profitability.

FATF Grey List: Why Pakistan must introspect on its efforts to check terror

Pakistan is unlikely to exit the Financial Action Task Forces (FATF) grey list as it has been unable to comply with six of the 27 points in the global watchdogs action plan, according to reports

India to get $177 million loan from ADB for Maharashtra road improvements

The Asian Development Bank and the Indian government signed an agreement for $177 million loan to upgrade 450 kilometres of state highways and major district roads in the state of Maharashtra

ADB, India sign $270 mn loan to improve urban services in 64 cities of MP

ADB and the Government of India on Monday signed a $270 million loan to develop water supply and integrated stormwater and sewage management infrastructure for improved service delivery in MP

ADB, govt ink $570 mn loan agreement to fund public infra in Rajasthan, MP

Under the funding programme for Rajasthan, water supply systems in at least eight project towns are expected to improve by 2027, benefiting more than 5,70,000 people

ADB approves Rs 2,200 crore loan to develop Rajasthan's secondary towns

The Asian Development Bank has approved a 300 million dollar loan to finance inclusive water supply and sanitation infrastructure and services in secondary towns of Rajasthan

ADB approves loans worth $570 mn for urban projects in Rajasthan, MP

ADB said it has approved a $300 million loan to develop Rajasthan's secondary towns and a $270 million loan for Madhya Pradesh Urban Services Improvement Project

FM Sitharaman asks Asian Development Bank to step up lending to India

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

Covid-19 impact: India's economy to contract 9% in FY21, says ADB

This will be the first time in four decades that the Indian economic growth will contract

Top headlines: Rajnath's statement on border row, Toyota halts expansion

From Rajnath Singh's statement on Ladakh stand-off to Apple's plans to shift manufacturing hub to India, Business Standard brings you top headlines of the day

Asian economy to shrink, first time since 1960s, thanks to Covid-19: ADB

In India, where lockdowns have stalled private spending, GDP will shrink by 9% this year, sharply down from June's forecast of -4%

Indian economy to shrink by 9% this fiscal: Asian Development Bank

India's economy is expected to contract by 9 per cent this year -- worse than the 4 per cent contraction it had forecast three months ago, the Asian Development Bank (ADB) said on Tuesday

Partnerships critical to overcome coronavirus crisis: ADB President

The coronavirus pandemic has reinforced the need for stronger and more strategic partnerships in Asia and the Pacific, ADB President 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 ...

Asian Development Bank issues $3 billion five-year global benchmark bond

ADB returned to US dollar bond market with the pricing of a $3 billion five-year global bond proceeds of which will be part of ADB's ordinary capital resources

World Coronavirus Dispatch: Dividend payouts be may slashed by 17-23%

Americans go back to the movies, Myanmar to get $250 mn loan from ADB, Tokyo's new cases hit month-and-a-half low, and other pandemic-related news across the globe