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Tag "Asian development bank"

ADB to give Rs 1,540 cr for Tripura power projects

ADB to give Rs 1,540 cr for Tripura power projects

🕔17:47, 18.Jul 2019

Agartala, July 18  The Asian Development Bank (ADB) would provide Rs 1,540 crore for upgradation of power generation, transmission and distribution projects in Tripura, said a top official here on Thursday. Tripura State Electricity Corporation Limited (TSECL) Chairman and Managing

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ADB approves Rs 1,650 cr infra projects in Tripura

ADB approves Rs 1,650 cr infra projects in Tripura

🕔10:49, 17.Jun 2019

Agartala, June 17  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

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ADB to lend $300 mn to boost infra funding by IIFCL

ADB to lend $300 mn to boost infra funding by IIFCL

🕔07:01, 17.Nov 2018

New Delhi, Nov 17  India and the Asian Development Bank (ADB) on Friday signed a $300-million loan agreement to support state-run India Infrastructure Finance Company Ltd (IIFCL) that provides long-term finance to infrastructure projects. The multilateral lending agency signed two

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ADB pledges $1bn fund for Indonesia’s earthquake, tsunami

ADB pledges $1bn fund for Indonesia’s earthquake, tsunami

🕔07:23, 13.Oct 2018

Jakarta, Oct 13  The Asian Development Bank (ADB) pledged up to $1 billion of emergency assistance fund to support Indonesia’s immediate budgetary needs and reconstruction efforts in areas affected by earthquakes and tsunami on Sulawesi Island. The ADB assistance fund

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ADB to lend $375 mn for irrigation projects in MP

ADB to lend $375 mn for irrigation projects in MP

🕔10:39, 31.Aug 2018

New Delhi, Aug 31  India on Thursday signed a $375 million loan agreement with the Asian Development Bank (ADB) for expanding irrigation networks and system efficiency in Madhya Pradesh. “The project will support the efforts of government of Madhya Pradesh

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ADB approves $100m grant for displaced people in Bangladesh

ADB approves $100m grant for displaced people in Bangladesh

🕔14:00, 6.Jul 2018

Manila, July 6  The Asian Development Bank (ADB) said on Friday that it has approved a grant assistance of $100 million to help displaced people sheltered in 32 camps in Bangladesh. The ADB said the grant was the first of

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India seeks $4 bn assistance from ADB

India seeks $4 bn assistance from ADB

🕔09:29, 5.May 2018

New Delhi, May 5  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

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China, Japan, S.Korea call to resist protectionism

China, Japan, S.Korea call to resist protectionism

🕔11:00, 4.May 2018

Manila, May 4  The Finance Ministers and central bank Governors of China, Japan and South Korea on Friday stressed the need to resist “all forms of protectionism”. They agreed to ensure “an open and rule-based multilateral trade and investment system”

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Nepal’s economy to grow by 4.9% in FY2018: ADB

Nepal’s economy to grow by 4.9% in FY2018: ADB

🕔19:03, 11.Apr 2018

Kathmandu, April 11 The Asian Development Bank (ADB) has projected that Nepal’s economy will grow at a slower pace of 4.9 per cent in Fiscal Year (FY) 2018 from 6.9 per cent in 2017. In its “Macro-Economic Update Report” released here

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Pakistan, ADB ink loan accord to improve power transmission

Pakistan, ADB ink loan accord to improve power transmission

🕔10:18, 21.Mar 2018

Islamabad, March 21  Pakistan and the Asian Development Bank (ADB) on Tuesday signed a loan agreement worth $260 million to improve the country’s power transmission network. The agreement was signed by ADB Country Director Yang Xiaohong and Pakistani Economic Affairs Division’s

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ADB to lend $120 mn for improving Indian rail infrastructure

ADB to lend $120 mn for improving Indian rail infrastructure

🕔19:56, 16.Mar 2018

New Delhi, March 16 The Asian Development Bank (ADB) on Friday signed a $120 million loan agreement with India to improve operational efficiency of Indian railways by double-tracking and electrification of tracks along high-density corridors. The loan is part of

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ADB lowers India’s GDP forecast to 6.7%

ADB lowers India’s GDP forecast to 6.7%

🕔14:11, 13.Dec 2017

New Delhi, Dec 13  The Asian Development Bank (ADB) on Wednesday lowered its Indian GDP forecast for the current financial year to 6.7 per cent citing tepid growth in the first half, demonetisation and transitory challenges posed by implementation of

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ADB approves debt financing of R-Power’s Bangladesh projects

ADB approves debt financing of R-Power’s Bangladesh projects

🕔15:21, 5.Dec 2017

Mumbai, Dec 5  Reliance Power (R-Power) said on Tuesday the Asian Development Bank (ADB) has approved debt financing and partial risk guarantees totalling $583 million to develop its LNG terminal and a 750-MW power project in Bangladesh. “The ADB’s financing

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GST regime will reduce costs for lower income section : ADB

GST regime will reduce costs for lower income section : ADB

🕔20:42, 22.Aug 2017

New Delhi, Aug 22 (IANS) The Goods and Services Tax (GST) regime in India will tend to lessen the burden on the lower income section of the society but at the same time, increase the costs for higher income households, according

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Climate change pushing Asia towards doom, says report

Climate change pushing Asia towards doom, says report

🕔14:59, 31.Jul 2017

Much of Asia may see 50 per cent more rainfall due to climate change, although countries like Pakistan and Afghanistan may experience a decline in rainfall by 20-50 per cent, says a new report by the Asian Development Bank (ADB)

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ADB projects 7.4% growth for India in 2017

ADB projects 7.4% growth for India in 2017

🕔09:39, 20.Jul 2017

Manila, July 20  The Asian Development Bank on Thursday predicted Asia’s economy to expand faster in 2017; South Asia to remain the fastest growing of all sub-regions and India to achieve a 7.4 per cent growth due to strong consumption.

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PNB gets US$500 Million ADB Loan for Finance to Solar Rooftop Projects

PNB gets US$500 Million ADB Loan for Finance to Solar Rooftop Projects

🕔08:48, 3.Jun 2017

Punjab National Bank (PNB) and Asian Development Bank (ADB) have signed Loan Agreement for $100 million and loan is guaranteed by the Government of India. Loan Agreement was signed by Shri H.K. Parikh, General Manager, on behalf of Punjab National

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Himachal’s mega hydro project to be commissioned this month

Himachal’s mega hydro project to be commissioned this month

🕔22:20, 8.May 2017

Shimla, May 8 (IANS) The 100 MW Sainj Hydroelectric Project being constructed by Himachal Pradesh Power Corporation Limited (HPPCL) in Kullu district would be commissioned partially this month, an official said on Monday. The Rs 800-crore hydro project, funded by

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Myanmar to join SASEC at Finance Ministers’ Delhi meeting

Myanmar to join SASEC at Finance Ministers’ Delhi meeting

🕔20:59, 2.Apr 2017

New Delhi, April 2 (IANS) Myanmar, which has joined the South Asia Subregional Economic Cooperation (SASEC) programme as its seventh member, will be officially welcomed into the project-based partnership at the SASEC Finance Ministers’ meeting here on Monday to be chaired

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ADB cuts India’s growth forecast to 7% post-demonetisation

ADB cuts India’s growth forecast to 7% post-demonetisation

🕔15:04, 13.Dec 2016

Manila, Dec 13  The Asian Development Bank on Tuesday lowered India’s growth forecast for this year from 7.4 per cent to 7 per cent due to a slight slowdown in the economy following the central government’s demonetisation move.The Manila-headquartered ADB’s

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