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ADB approves $96 mn loan to HP for safe drinking water project

The Asian Development Bank has approved $96.3 million loan for safe drinking water and sanitation project in Himachal Pradesh. The loan has been provided under the Himachal Pradesh Rural Drinking Water Improvement and Livelihood Project. Aim: To provide piped water to all rural households by 2024. This also upgrade water supply infrastructure and strengthen institutional capacity to ensure safe, sustainable, and […]

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ADB approves $2 million loan to support urban development in Nagaland

The Asian Development Bank (ADB) on Tuesday signed an agreement with the Government of India to offer $2 million project readiness financing (PRF) loan for designing climate-resilient urban infrastructure, strengthening institutional capacity and improving municipal resource mobilisation in Nagaland. The PRF loan will be used for designing water supply, sanitation, solid waste management and urban

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ADB projects India’s economy to grow by 7.5% in FY23

Asian Development Bank on Wednesday projected a seven percent collective growth for South Asian economies in 2022 with the subregion’s largest economy India growing by 7.5 percent in the current fiscal year before picking up to eight percent the next year. Pakistan’s growth will be four percent in 2022 on weaker domestic demand. South Asia –

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ADB provides USD 143 million to Bangladesh

The Asian Development Bank (ADB) has approved a loan package of USD 143 million for Bangladesh to support government efforts to speed up the growth by improving the efficiency, predictability, and security of cross-border trade. The ADB loan package includes a $90 million International policy-based loan, a $53 million project loan that will construct integrated land customs and $1.5

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ADB committed record US$4.6-bn loans to India in 2021

The Asian Development Bank (ADB) on February 06, 2022 said it provided a record USD 4.6 billion loans to India in 2021, including USD 1.8 billion towards coronavirus response. “The Asian Development Bank committed a record USD 4.6 billion in sovereign lending to India in 2021 for 17 loans. The USD 1.8 billion COVID-19-related assistance

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ADB approves $112 million loan to establish Assam Skill University

The Asian Development Bank (ADB) has approved a $112 million loans for Assam to strengthen skill education and training through the establishment of Assam Skill University (ASU). The Loan will create a path for skill development to enhance the productivity and competitiveness of Assam’s economy and industries. The project will further enhance collaboration between the ASU

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ADB projected growth forecast for 2021-2022 for India at 9.7%

Asian Development Bank has trimmed its 2021 growth forecast for India to 9.7% from 10% but left the 2022 growth forecast unchanged at 7.5%. The inflation forecast of developing Asia was revised to 2.1% for 2021 and unchanged at 7% for 2022. Asian Development Outlook Supplement Report 2021-22: In its Asian Development Outlook Supplement Report of December 2021, the Asian Development Bank (ADB) has trimmed the growth forecasts for

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ADB approves Rs 2,645-crore loan to improve urban services in India

Asian Development Bank said it has approved a Rs 2,644.85 crore (USD 350 million) loan for India to help improve its urban services. The loan supports the policies established by the Ministry of Housing and Urban Affairs to accelerate universal coverage of piped water supply and improved sanitation. This is part of the recently launched national programme AMRUT 2.0 and

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ADB approves $500-million loan to improve quality of school education

The Asian Development Bank (ADB) has approved a $500-million loan to India to help improve the quality of school education and to mitigate the impact of the Covid-19 on students’ learning. The loan supports the Integrated Scheme for School Education (Samagra Shiksha) and the new Exemplar School Initiative of the Ministry of Education (MOE) to improve education quality by focussing on

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ADB Approves $ 1.5 Billion Loan to India for Purchasing Covid-19 Vaccines

The Asian Development Bank has approved a USD 1.5 billion (around Rs 11,185 crore) loan to India for COVID-19 vaccine procurement. The loan from ADB will fund at least 66.7 crore COVID-19 vaccine doses for an estimated 31.7 crore people, it added. It will support India’s National Deployment and Vaccination Plan which aims to fully vaccinate 94.47 crore people aged 18

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