Page 11 - Asian Development Bank
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
 "Top headlines: Rajnath's statement on border row, Toyota halts expansion")
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%
 "Asian economy to shrink, first time since 1960s, thanks to Covid-19: ADB")
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
 "Partnerships critical to overcome coronavirus crisis: ADB President")
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 ...
 "India, ADB sign $500 million loan for Delhi-Meerut RRTS corridor")
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
 "World Coronavirus Dispatch: Dividend payouts be may slashed by 17-23%")
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
 "A better alternative to Trump's WeChat ban")
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
 "Asian Development Bank approves Rs 22-cr grant to India to combat Covid-19")
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
 "Covid-19 exposes Asian banks' vulnerability to US dollar funding: ADB")
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."
 "Election Commissioner Ashok Lavasa appointed vice-president of ADB")
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 raises $4 billion via bonds to help nations fight coronavirus")
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
 "Coronavirus-hit Indian economy to contract by 4% in FY21: ADB forecast")
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
 "Developing Asia to 'barely grow' in 2020; India's GDP to shrink by 4%: ADB")
Asian countries need to focus on PPP to support infrastructure: ADB
PPPs can help by bringing in private sector capital and technical expertise as governments continue to look for value for money in infrastructure provision, the authors said.
 "Asian countries need to focus on PPP to support infrastructure: ADB")
Between a stimulus package and a hard place
So, while we have achieved some success on the health front, are the steps taken to revive the economy adequate?
Top headlines: Govt to set up Rs 1-trn agri infra fund, job cuts at Zomato
Business Standard brings to you the top headlines of the day
 "Top headlines: Govt to set up Rs 1-trn agri infra fund, job cuts at Zomato")
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 approves $1.5 billion loan for India to fight coronavirus pandemic")
ADB triples financial aid for members to $20 billion to fight virus
The Asian Development Bank said it has also approved measures to streamline its operations for quicker and more flexible delivery of assistance
 "ADB triples financial aid for members to $20 billion to fight virus")