The Asian Development Bank has approved a USD 1.5 billion (around Rs 11,185 crore) loan to India for COVID-19 vaccine procurement. ADB approved a USD 1.5 billion loan to help the Government of India purchase safe and effective vaccines against the coronavirus disease (COVID-19. The fund will be used to procure at least 66.7 crore […]
ADB approves USD1.5 billion loan to India for COVID-19 vaccine procurement Read More »
The WePOWER India Partnership Forum, held through a virtual platform on November 9, 2021, launched the efforts to scale up the South Asia Women in Power Sector Professional Network (WePOWER) in India. The event was organized by the World Bank and Asian Development Bank (ADB) in partnership with the India Smart Grid Forum (ISGF). The objective of the forum was to
The Asian Development Bank (ADB) said it has approved a USD 250 million (about Rs 1,875 crore) loan to support India’s National Industrial Corridor Development Program (NICDP). This is the first subprogram of the programmatic USD 500 million loans to develop 11 industrial corridors spanning 17 states, the multi-lateral agency said in a statement. India’s
The Government of India and the Asian Development Bank signed a $4.5 million project readiness financing (PRF) loan to support project preparation and design activities to improve urban mobility in Aizawl, the capital city of the northeastern state of Mizoram. The project will support preparation and design activities to improve urban mobility in Aizawl, the capital city
The Asian Development Bank (ADB) has announced it is elevating its ambition to deliver climate financing to its developing member countries (DMCs) to $100 billion from 2019–2030. Earlier in 2018, ADB had announced an $80 billion goal for climate financing for developing countries in Asia during 2019-2030. The additional $20 billion in financing support will
ADB Raises 2019–2030 Climate Financing Goal to $100 Billion Read More »
The Asian Development Bank Wednesday cut India’s gross domestic product (GDP) growth forecast to 10% for FY21, from 11% projected in April, on account of disruptions due to the second wave. The Manila-based multilateral funding agency ADB has predicted the GDP growth for fiscal 2022-23 (FY23) to 7.5 percent.
Asian Development Bank cuts India’s GDP forecast for FY22 to 10% Read More »
The Asian Development Bank (ADB) and the Government of India today signed a $300 million loan as additional financing to scale up the improvement of rural connectivity to help boost rural economy in the state of Maharashtra. This is in addition to USD 200 million financing, approved by ADB in August 2019. The project is
ADB approves $300 million loan to expand rural connectivity in Maharashtra Read More »
The Asian Development Bank (ADB) has approved a $112 million loan to finance water supply infrastructure in four towns in the state of Jharkhand. Asian Development Bank (ADB) and the Government of India have signed a USD 112 million loan to develop water supply infrastructure and strengthen capacities of urban local bodies (ULBs) for improved service delivery in four towns in
ADB approves $112 million loans to improve water supply infrastructure in Jharkhand Read More »
ADB in a release stated that the aim of the loan is to provide access to inclusive, resilient, and sustainable housing for the urban poor in TN. The agency highlighted that the southern state is vital to India’s economic growth, which is currently contributing 8.54 per cent to the Gross Domestic Product (GDP). The economic opportunities
ADB approves $150 million loan for urban poor housing project in Tamil Nadu Read More »
The Asian Development Bank (ADB) and the Government of India signed a $500 million loan, the first tranche of a total $1 billion facility, to build a modern, high-speed 82-kilometer Delhi-Meerut Regional Rapid Transit System (RRTS) corridor that will improve regional connectivity and mobility in India’s national capital region (NCR). Daily Current Affairs Quiz 2020
ADB & India Signed $500 Million Loan for Delhi-Meerut RRTS Corridor Read More »
