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Tag "Asian development bank"

Sitharaman lays foundation of ADB-aided projects in Assam

Sitharaman lays foundation of ADB-aided projects in Assam

🕔05:23, 8.Oct 2021

Guwahati, Oct 8 (IANS) Finance Minister Nirmala Sitharaman on Thursday performed the ‘Bhoomi Pujan’ for 120 MW capacity Rs 2,200 crore Lower Kopili Hydro Electric Project aided by the Asian Development Bank (ADB) in Assam’s Dima Hasao district. After laying the

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Pandemic pushed 75-80 mn more people in Asia-Pacific into extreme poverty’

Pandemic pushed 75-80 mn more people in Asia-Pacific into extreme poverty’

🕔14:59, 24.Aug 2021

Manila, Aug 24  The Covid-19 pandemic pushed an estimated 75 million to 80 million more people in developing Asia and the Pacific into extreme poverty in 2020, according to a new report by the Asian Development Bank (ADB) released on

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ADB to loan $484 mn to upgrade road network in TN industrial corridor

ADB to loan $484 mn to upgrade road network in TN industrial corridor

🕔08:31, 17.Jun 2021

New Delhi, June 17  The Asian Development Bank (ADB) and the Indian government on Wednesday signed an agreement for a $484 million loan to improve transport connectivity and facilitate industrial development in the Chennai-Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu.

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ADB, India agreement for preparation of road upgradation project in Sikkim

ADB, India agreement for preparation of road upgradation project in Sikkim

🕔16:49, 3.Jun 2021

New Delhi, June 3  The Asian Development Bank (ADB) and the government on Thursday signed a $2.5 million project readiness financing (PRF) loan to support project preparation and design activities to upgrade major district roads in Sikkim. The project will

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India’s GDP may grow at 11% in FY22: ADB

India’s GDP may grow at 11% in FY22: ADB

🕔17:54, 28.Apr 2021

New Delhi, April 28  The Indian economy is likely to grow at 11 per cent in the current financial year, said the Asian Development Bank (ADB). In its report, ‘Asian Development Outlook (ADO) 2021’, the ADB also noted that the

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ADB issues first gender bond in Kazakhstan tenge

ADB issues first gender bond in Kazakhstan tenge

🕔15:28, 13.Feb 2021

Manila [The Philippines], February 13: The Asian Development Bank (ADB) has raised 8.4 billion Kazakhstan tenge (about 20 million US dollars) from the first gender bond issued in Kazakhstan. It said proceeds of the bond will help finance the KZT38 billion Promoting

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ADB, India sign $100 m loan to upgrade power distribution system in Bengaluru

ADB, India sign $100 m loan to upgrade power distribution system in Bengaluru

🕔18:16, 4.Jan 2021

New Delhi, Jan 4  The Asian Development Bank (ADB) and the Central government have signed a $100 million loan to modernise and upgrade the power distribution system to enhance the quality and reliability of electricity supply in Bengaluru. The signatories

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ADB to give Rs 2100-cr loan to Tripura for urban, tourism development

ADB to give Rs 2100-cr loan to Tripura for urban, tourism development

🕔16:22, 22.Dec 2020

Agartala, Dec 22  The Asian Development Bank (ADB) is likely to provide a Rs 2,100 crore loan to the Tripura government for the development of urban areas and tourism in the northeastern state that borders Bangladesh, officials said here on

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India to get $177 mn ADB loan for Maha road improvements

India to get $177 mn ADB loan for Maha road improvements

🕔08:08, 20.Oct 2020

New Delhi, Oct 20  The Asian Development Bank (ADB) and the Indian government on Monday signed an agreement for $177 million loan to upgrade 450 kilometres of state highways and major district roads in the state of Maharashtra. The signatories

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ADB approves $200 million loan to improve power sector in Uzbekistan

ADB approves $200 million loan to improve power sector in Uzbekistan

🕔16:52, 28.Sep 2020

Manila [The Philippines], September 28 — The Asian Development Bank (ADB) on Monday approved a 200 million dollar policy-based loan to strengthen Uzbekistan’s power sector by improving its financial sustainability and ensuring adequate investment in critical infrastructure. It said the

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India’s GDP expected to contract 9% in FY21: ADB

India’s GDP expected to contract 9% in FY21: ADB

🕔13:48, 15.Sep 2020

New Delhi, Sep 15 The Asian Development Bank (ADB) on Tuesday projected a 9 per cent contraction of the Indian economy in the financial year 2020-21, revising its outlook within three months as the Covid situation continues. In June, ADB had

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ADB extends $500 mn loan for Delhi-Meerut RRTS Corridor

ADB extends $500 mn loan for Delhi-Meerut RRTS Corridor

🕔17:06, 8.Sep 2020

New Delhi, Sep 8  The Asian Development Bank (ADB) on Tuesday signed an agreement with the Indian government to extend a $500 million loan for building the 82-km, high-speed Delhi-Meerut Regional Rapid Transit System (RRTS) corridor. This will be the

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Ashok Lavasa resigns as Election Commissioner, set to join ADB

Ashok Lavasa resigns as Election Commissioner, set to join ADB

🕔17:43, 18.Aug 2020

New Delhi, Aug 18  Election Commissioner Ashok Lavasa, who was next in the line to head the Commission, on Tuesday resigned from his post to take charge as Vice-President of the Philippines-based Asian Development Bank (ADB) next month. As Election

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ADB approves $100 million loan to strength Uzbekistan’s resilience to health emergencies

ADB approves $100 million loan to strength Uzbekistan’s resilience to health emergencies

🕔19:54, 3.Aug 2020

Tashkent [Uzbekistan], August 3 –– The Asian Development Bank (ADB) said on Monday it has approved a 100 million dollar loan to strengthen Uzbekistan’s resilience to public health emergencies, including the coronavirus disease (Covid-19) pandemic, by steadily improving testing, diagnosis

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Himachal promotes fruit cultivation through ADB funding

Himachal promotes fruit cultivation through ADB funding

🕔07:12, 20.Jul 2020

Shimla, July 20  To make Himachal Pradesh a horticulture hub, the Asian Development Bank (ADB)-funded HP Shiva Pilot Project is undergoing with an outlay of Rs 100 crore in four districts of the state that would benefit 500 families, officials

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COVID-19 could cost global economy $8.8tn, says ADB

COVID-19 could cost global economy $8.8tn, says ADB

🕔19:43, 15.May 2020

Manila, May 15  The global economy could suffer between $5.8 trillion and $8.8 trillion in losses — equivalent to 6.4 per cent to 9.7 per cent of the global GDP — due to the COVID-19 pandemic, the Asian Development Bank

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ADB approves $1.5 bn loan to India for Covid response

ADB approves $1.5 bn loan to India for Covid response

🕔17:55, 28.Apr 2020

New Delhi, April 28  The Asian Development Bank (ADB) on Tuesday approved a $1.5 billion loan to the Government of India to help fund its response to the novel coronavirus (COVID-19) pandemic. The support would also be available for immediate

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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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