asian development bank - Latest News, Analysis, Opinion

In 2017, ADB operations totalled $32.2 billion, including $11.9 billion in co-financing

India's Economy Continues On Robust Growth Path: ADB

Economy

The Asian Development Bank in its annual economic outlook report said that Indian economy's growth forecasts are unchanged at 7.3 per cent for 2018 and 7.6 per cent for 2019

Asian Development Bank Approves Financing Package Of USD 245 Million For West Bengal

The package announced by the Asian Development Bank will include providing uninterrupted potable water through metered connections to about 3,90,000 individual households in three districts of West Bengal

India To Grow 7.3% This Fiscal, 7.6% In Next: Asian Development Bank

Economy

India's economic growth is expected to rebound to 7.3 per cent this fiscal and further to 7.6 per cent in 2019-20 with increased productivity post GST and investment revival due to banking reform, the Asian Development Bank (ADB) said today.

Asian Development Bank Lowers India Growth Outlook To 7% For 2017-18

The 7 per cent GDP growth expected in 2017-18 is lower than 7.1 per cent recorded in 2016-17 and its earlier projection of 7.4 per cent in July. ADB pencilled in 7.4 per cent for 2018-19, down from the earlier forecast of 7.6 per cent in July. It was, however, bullish on growth gaining traction on reforms

Bengal Gets $300 Million ADB Loan To Carry Forward Fiscal Reforms

The board of Asian Development Bank (ADB) approved a loan of $300 million to continue a comprehensive series of fiscal reforms in West Bengal to bring about more accessible, affordable, and high quality public services

IndusInd Bank Secures $200 Million Loan From ADB For Microlending

This will help the bank to expand its efforts to finance underserved people of the country in less developed states

ADB To Provide $152 Million To Nepal To Enhance Power Transmission

The aid will be granted to the Power Transmission and Distribution Efficiency Enhancement Project (PTDEEP) which supports expansion of the transmission lines in various areas of Nepal and enhancement of the distribution efficiency in the northern part of Kathmandu, according to a statement issued by the ministry

India Will Achieve Projected Growth Rate Of 7.4% In 2017: ADB

India is expected to achieve the projected growth rate of 7.4 per cent in 2017 and further up 7.6 per cent next year on strong consumption demand, with South Asia leading the growth chart in Asia and the Pacific

Climate Change To Have Devastating Effect In Asia: Study

According to the report, Asia has the highest number of people exposed to flooding from possible storm surge events, particularly in the People's Republic of China (PRC), India, Bangladesh, and Indonesia.

ADB Provides $616 Million Loan To Improve Power Systems In Bangladesh

The Asian Development Bank will provide a $616 million loan to Bangladesh to help the south Asian nation meet its goal of providing 100 percent access to electricity to its citizens by 2021

Protectionism Can Blunt US Firms' Efficiency, Says FM Arun Jaitley

US firms may become sluggish if cheaper products and efficient services are cut off to them due to protectionist policies, Finance Minister Arun Jaitley said, amid concerns that protectionism in US can affect Indian companies

Still Scope Of Rate Cut Pass-through For Borrowers: Das

The cash recall has seen about Rs 15 lakh crore making its way to the banking system

Indian Market Should Be More Deregulated, FDI Friendly, Says ADB

The Asian Development Bank on Thursday lauded Prime Minister Narendra Modi's effort of integrating indirect taxes through the GST, even as it wants the Indian market to be more "deregulated" and FDI friendly to realise the true potential

Economy To Grow 7.4 Per Cent In FY 18; GST, Bankruptcy Law Big Positives, Says ADB