ADB cuts India's GDP growth forecast for FY23 to 7 pc on high inflation, monetary tightening
The ADB expects the Chinese economy to expand by 3.3 per cent in 2022 rather than the 5 per cent forecast earlier. Lockdowns from the zero-COVID strategy, problems in the property sector, and weaker external demand continue weighing on the economic activity in China, said the report.
Sep 21, 2022, 14:38 PM IST
Ashok Lavasa resigns as Election Commissioner, to join Asian Development Bank as vice-president
Lavasa, who would have retired as the Chief Election Commissioner (CEC) in October 2022, would be the second election commissioner to step down from the poll panel before the completion of his term.
Aug 18, 2020, 15:48 PM IST
ADB approves $1.5 bn loan to India to fight COVID-19 pandemic
ADB is fully committed to supporting the Government of India in its response to this unprecedented challenge, ADB President Masatsugu Asakawa said.
Apr 28, 2020, 16:32 PM IST
China led AIIB could overtake ADB as major financier of infra projects:Experts
With China continuing its financial assertiveness across the globe through its various infrastructure projects like the One Belt One Road (OBOR) strategic initiative, the AIIB funding is the logical next step for them, the experts opined.
Jun 13, 2019, 18:06 PM IST
India set to grow at 7.2% this fiscal on rising consumption: ADB
India is expected to rebound to 7.2 percent in 2019 and 7.3 percent in 2020.
Apr 03, 2019, 09:48 AM IST
Sri Lankan President signs 3 loan agreements with Asian Development Bank
Sirisena signed the agreements during his first tour to the ADB headquarters while conducting a five-day state visit to the Philippines.
Jan 17, 2019, 16:05 PM IST
ADB to scale up India lending to $4.5 bn in 2019
ADB committed USD 3.03 billion in sovereign loans to India in 2018, the highest ever annual lending commitment, he said, adding that USD 557 million loan was for the private sector.
Jan 11, 2019, 18:02 PM IST
ADB signs $31 million loan agreement with government to develop tourism, boost jobs in Tamil Nadu
The activities under the project would also boost economic opportunities for the local people.
Dec 12, 2018, 11:31 AM IST
ADB retains Indian growth forecast at 7.3% for FY19
India is maintaining growth momentum on rebounding exports and higher industrial and agricultural output, ADB said in its Asian Development Bank Outlook Supplement.
Dec 12, 2018, 10:45 AM IST
ADB to lend $75 million for 24-hour water supply in Karnataka towns
The project finances would be used to, among others, augment water treatment production capacity by about 16 millions liters per day.
Nov 27, 2018, 20:56 PM IST
Ahead of China, India to remain fastest growing economy in FY19 and FY20: ADB
India will continue to be the world's fastest-growing major economy, ahead of China, with 7.3 percent growth rate in 2018-19 and 7.6 percent in 2019-20, the Asian Development Bank (ADB) said today.
Jul 19, 2018, 22:46 PM IST
India to grow 7.3% this fiscal, 7.6% in next: ADB
The ADB's growth projection of 7.3 percent this fiscal is in line with that of rating agency Fitch, but a tad lower than RBI's forecast of 7.4 percent.
Apr 11, 2018, 09:27 AM IST
Assam keen to start flights to ASEAN countries, says CM Sonowal
He also urged ASEAN countries to set up consulates in Guwahati, besides boosting economic ties.
Feb 04, 2018, 21:09 PM IST
ADB trims India growth forecast to 7% for current year
Developing Asia is expected to grow by 5.9 and 5.8 percent in 2017 and 2018, respectively, the Manila-based lender said.
Sep 26, 2017, 11:37 AM IST
ADB, IndusInd Bank partner to provide finance to women borrowers
The seven-year senior loan will go toward IndusInd Bank`s microfinance activities.
Sep 15, 2017, 19:04 PM IST
Natural calamities in Asia, Pacific threat to infra: ADB
Asia and Pacific countries, including India, Sri Lanka and Bangladesh, need to thwart challenges posed by natural calamities that have been taking toll on their infrastructure, ADB has said.
Jun 18, 2017, 12:39 PM IST
Jaitley invites Japanese firms to manufacture in India
Finance Minister Arun Jaitley has invited Japanese companies to set up manufacturing facilities in India to produce `rolling stock` for Metro rail projects.
May 07, 2017, 16:31 PM IST
Give primacy to views of developing nations: FM Jaitley to ADB
Finance Minister Arun Jaitley on Sunday asked Asian Development Bank (ADB) to ensure primacy is accorded to views of developing countries in operations of the multilateral lending agency.
May 07, 2017, 12:40 PM IST
Arun Jaitley, Pakistan counterpart lock horns over China's 'One Belt, One Road' proposal
Indian Finance Minister Arun Jaitley and his Pakistan counterpart Ishaq Dar exchanged cold vibes over China's 'One Belt, One Road'(OBOR) proposal during a round table discussion on Asia's economic outlook organized by the Asian Development Bank.
May 07, 2017, 00:24 AM IST
Jaitley rules out any surprise in GST rates on roll-out
Finance Minister Arun Jaitley ruled out any surprises in the tax rates in the Goods and Services Tax (GST) that is proposed to be rolled out on July 1 and also asserted that there will be no cascading in goods and commodities, which can even see tax rates coming down a little.
May 06, 2017, 21:34 PM IST
