Tag: Asian Development Bank

New Delhi: India on Friday requested the Asian Development Bank (ADB) to expand its sovereign and non-sovereign operations in the country by providing financial assistance worth $4 billion a year and support its sustainable growth. Economic Affairs Secretary Subhash Chandra Garg, who is leading India’s delegation to Manila, requested ADB President Takehiko Nakao to support […]

Yokohama: Finance Minister Arun Jaitley on Saturday urged the Asian Development Bank (ADB) to set up a regional hub for South Asia in New Delhi so that the majority of proposals could be processed speedily. Addressing the ADB Board of Governors here, Jaitley said there was need to look at processes and procedures for which […]

New Delhi: India and the Asian Development Bank (ADB) have signed a loan agreement to improve the country’s solar power transmission system. “India and ADB have on Thursday signed a $175 million loan agreement to support construction of high voltage transmission systems to evacuate power generated from new mega solar parks to the interstate grid, […]

Bhubaneswar: Odisha on its persistent demand has been included in East Coast Economic Corridor (ECEC), which would cover approximately 1,700 km of coastline in the country, an official statement said here on Friday. The proposed corridor would be implemented under the joint aegis of the Union and Odisha governments and the Asian Development Bank (ADB), […]

Kathmandu: Two leading donors – the Asian Development Bank (ADB) and the European Union (EU) – yesterday pledged an additional $200 million and 16.6 million euro ($18.5 million) respectively to help in rehabilitation and reconstruction efforts in the aftermath of the massive earthquake in Nepal. The ADB has pledged $200 million for reconstruction work in […]

Islamabad: The Asian Development Bank (ADB) would provide a loan of $3.4 billion to Pakistan for budgetary support, a Minister has confirmed. The announcement was made by federal Minister for Planning, Development and Reforms Khusro Bakhtiar at a press conference on Saturday, adding that an agreement had been reached between the ADB and the Finance […]

Agartala: The Asian Development Bank (ADB) has approved projects for infrastructure development worth Rs 1,650 crore ($235 million) in seven of the eight district headquarter towns in Tripura, an official release said here on Sunday. The release said that the Urban Development Department of Tripura government had submitted the projects’ details to the ADB through […]

New Delhi: The Indian economy is likely to grow at 11 per cent in the current financial year, said the Asian Development Bank (ADB). In its report, ‘Asian Development Outlook…

New Delhi: Asian Development Bank (ADB) Thursday lowered the growth forecast for India from 7.2 to 7 per cent for the current fiscal, due to moderation in growth prospects for the advanced economies which could adversely affect tradable services. ADB, however, maintained that India would continue to remain the fastest growing major economy ahead of […]

New Delhi: Election Commissioner Ashok Lavasa, who was next in the line to head the Commission, on Tuesday resigned from his post to take charge as Vice-President of the Philippines-based Asian Development Bank (ADB) next month. As Election Commissioner, Lavasa grabbed headlines when he registered his dissent on the poll panel’s clean chit to Prime […]