Page 10 - Asian Development Bank

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

A better alternative to Trump's WeChat ban

By opting for a ban, the US has prioritised optics over sound policymaking, with costs to America that are all too predictable

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

Election Commissioner Ashok Lavasa appointed vice-president of ADB

When contacted, Lavasa said: "I have no information regarding this. The decision will be taken by the bank."

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

Beyond the gloom and doom of Covid-19

There is a sharp decline in resistance to change that is catalysing some long pending reforms and transformations in both industry and society

Coronavirus-hit Indian economy to contract by 4% in FY21: ADB forecast

For the countries in developing Asia, ADB forecasts growth of 0.1 per cent for the region in 2020

Developing Asia to 'barely grow' in 2020; India's GDP to shrink by 4%: ADB

Hit hard by Covid-19, South Asia is forecast to contract by 3 per cent in 2020, compared to 4.1 per cent growth predicted in April