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ADB commits $50 million to accelerate energy transition in Asia-Pacific region

ADB commits $50 million to accelerate energy transition in Asia-Pacific region

Wed, Jun 19, 2024

To address development challenges resulting from the effects of climate change in the Asia-Pacific, the Asian Development Bank (ADB) has committed USD 50 million to the Actis Asia Climate Transition Fund, the ADB said in a release.

FM meets ADB vice president; urge ADB to become partner in development agenda

FM meets ADB vice president; urge ADB to become partner in development agenda

Mon, Mar 18, 2024

ADB in September 2023, appointed Bhargav Dasgupta as VP for a period of three years. Prior to this, he was MD and CEO of ICICI Lombard General Insurance.

Govt, ADB ink $23 million loan pact to strengthen fintech ecosystem in India

Govt, ADB ink $23 million loan pact to strengthen fintech ecosystem in India

Thu, Mar 14, 2024

As per the loan agreement, a fintech institute will be set up at GIFT City. The pact was signed by Finance Ministry Joint Secretary Juhi Mukherjee and Officer-in Charge of ADB's India Resident Mission Rajesh Vasudevan.

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Asian Development Bank raises $3.5 billion through global bond offering

Asian Development Bank raises $3.5 billion through global bond offering

Wed, Feb 28, 2024

Peteghem expressed gratitude for the consistent backing of investors, emphasizing their integral role in advancing ADB's mission.

ADB approves $400 million loan for better infra in Indian cities

ADB approves $400 million loan for better infra in Indian cities

Wed, Oct 25, 2023

ADB will continue to provide knowledge and advisory support to the Ministry of Housing and Urban Affairs in program implementation, including monitoring and evaluation.

ADB approves USD 175 million loan to upgrade roads in Madhya Pradesh

ADB approves USD 175 million loan to upgrade roads in Madhya Pradesh

Tue, Oct 24, 2023

ADB plans to enhance the Madhya Pradesh Road Development Corporation Limited (MPRDC) in terms of climate change adaptation and mitigation, disaster resilience, and road safety in road network planning and management.

Asian Development Bank commits Rs 150 cr to Tata Power Delhi Distribution Ltd

Asian Development Bank commits Rs 150 cr to Tata Power Delhi Distribution Ltd

Mon, Apr 10, 2023

The senior secured financing will be used to commission a new 66/11-kilovolt grid, augment and expand transformers, substations, feeder lines, and switching stations, install smart meters, and replace obsolete electrical equipment and meters, it said.

Economic activity still below pre-pandemic level; RBI to slow down on rate cuts till next year: Asian Development Bank

Economic activity still below pre-pandemic level; RBI to slow down on rate cuts till next year: Asian Development Bank

Sun, Sep 25, 2022

The Manila-based multilateral funding agency has raised the inflation forecast for the current fiscal year ending in March 2023 to 6.7 per cent from its earlier projection of 5.8 per cent.

DFI, Army Design Bureau sign pact to develop high-impact drones for Indian Army

DFI, Army Design Bureau sign pact to develop high-impact drones for Indian Army

Mon, Aug 08, 2022

DFI is an industry body that has Asteria Aerospace, Quidich Innovation Labs, AutoMicroUAS, Aarav Unmanned Systems and Indrones as its members.

ADB to lend $926 million for Mumbai metro rail project

ADB to lend $926 million for Mumbai metro rail project

Sat, Mar 02, 2019

Marking its single largest infrastructure loan ever, the Asian Development Bank (ADB) on Friday signed a $926 million loan agreement with India to operationalise two lines for the Mumbai metro rail system.

Farm distress: ADB India chief favours direct transfer of funds to targeted beneficiaries

Farm distress: ADB India chief favours direct transfer of funds to targeted beneficiaries

Fri, Jan 11, 2019

Earlier this week, RBI Governor Shaktikanta Das said any generalised farm loan waiver adversely impacts the credit culture and the behaviour of borrowers, amid various states announcing waivers. He said loan waiver is related to the fiscal space that a particular state government has.

ADB to extend USD 200 mn loan for upgrading roads in Bihar

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.

India's economy continues on robust growth path: ADB

India's economy continues on robust growth path: ADB

Wed, Sep 26, 2018

On India, the ADB report said its economy continues on a robust growth path. "Its growth forecasts are unchanged at 7.3 per cent for 2018 and 7.6 per cent for 2019 as the temporary effects of the demonetisation of large banknotes and the introduction of the national Goods and Services Tax abate as expected," it said.

India fastest growing economy in Asia; on track to meet FY18 target: ADB

India fastest growing economy in Asia; on track to meet FY18 target: ADB

Thu, Jul 19, 2018

The ADO published in April had said that India's economic growth will rise to 7.3 per cent this fiscal and further to 7.6 per cent in the next financial year, retaining the fastest-growing Asian economy tag, on back of GST and banking reforms.

India nudges ADB to invest in fintech, health startups

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

ADB lowers India's 2017 growth outlook to 6.7%

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.

Give primacy to views of developing nations, says FM Arun Jaitley to ADB

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

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.

Asian Development Bank operations reach a record $31.5 billion in 2016

Asian Development Bank operations reach a record $31.5 billion in 2016

Mon, Jan 09, 2017

Asian Development Bank (ADB) operations for Asia and the Pacific reached all-time high of $31.5 billion in 2016, a 17% increase from $26.9 billion in the previous year.

Modi, Jaitley to hold pre-budget meeting with NITI Aayog, economists today

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.

India may clock near 8% growth on back of good monsoon: Shaktikanta Das

India may clock near 8% growth on back of good monsoon: Shaktikanta Das

Tue, May 03, 2016

The Indian economy continues to be strong and robust given the global economic situation that is prevailing.

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