Page 5 - Adb

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.

ADB plans to raise $30-35 bn from capital mkt in 2020; sells $4-bn bonds

The 3-year bonds worth $4 billion, with a coupon rate of 0.25% per annum payable semi-annually, have a maturity date of July 14, 2023

ADB raises $4 billion via bonds to help nations fight coronavirus

Manila-based lender plans to raise around $30 billion to $35 billion from the capital markets in 2020

ADB approves $1.5 billion loan for India to fight coronavirus pandemic

The loan has been sanctioned with a view to support immediate priorities such as disease containment and prevention

ADB assures $2.2 bn support package to India to fight Covid-19 pandemic

The bank is also engaged with the private sector to meet its financing needs during this period, ADB said in a statement

ADB cuts India growth estimate to 4% for FY21 amid global Covid-19 pandemic

Growth in South Asia will decelerate to 4.1 per cent in FY2021 and then recover to 6 per cent in FY2022, largely tracking the trend in the dominant Indian economy, according to ADB

Asian Development Bank to invest $100 million in NIIF's fund of funds

With ADB's investment into the NIIF platform, the FoF has now secured $700 million in commitments