Page 7 - Asian Development Bank

ADB provides $616 million loan to improve power systems in Bangladesh

ADB is providing a market-based loan of $600 million and a concessional loan of $16 million

India urges ADB to reduce time lag in loan approval and disbursal

Eliminating poverty from Asia-Pacific region is the vowed objective of ADB, says Arun Jaitley

Protectionism in US, Europe worrying; not enough to break global trade: ADB

Even FM Jaitley said world should debate if it would make global economy more efficient or sluggish

ADB scales down India's growth to 7.4% for FY18

On course to remain the fastest-growing major economy, ahead of China

$48 million ADB loan to boost Assam power sector

The loan will help Assam enhance capacity and efficiency of its power distribution system and improve electricity service to end users

Asian Development Bank to provide $500 mn to finance rooftop solar systems in India

Money will be provided to Punjab National Bank, which in turn will lend to various developers and end users to install rooftop solar systems

ADB maintains India's economic growth at 7.4% for FY17

In its latest Asian Development Outlook 2016 update, ADB said India's economy will remain on a strong growth path in FY17, aided by implementation of key structural reforms, robust consumer demand and higher agricultural output, driven by a good monsoon

Asian Development Bank approves $631 mn for East Coast Economic Corridor

ADB estimates that by 2025 annual industrial output along the corridor will increase fourfold to $64 bn

Mumbai-Nagpur expressway might get $1 bn from ADB

The expressway is expected to reduce the traveling time between two cities to eight hours from the present 16 hours