Page-2 of ADB
Major Anoop Mishra awarded Army Design Bureau Excellence Award
Indian Army Chief Gen. Bipin Rawat felicitated Major Anoop Mishra with prestigious Army Design Bureau (ADB) Excellence Award for indigenously developing ‘Sarvatra Kavach’, a bulletproof jacket that can provide protection against various ammunition including that from sniper steel bullets. Maj. ..
Month: Current Affairs - December, 2019
ADB issues $250 million loan to India to expand energy efficiency investments
Asian Development Bank (ADB) has signed a US $250 million loan agreement with Government of India to provide loan to public sector company Energy Efficiency Services Limited (EESL) so as to expand energy efficiency investments in India that will benefit ..
Month: Current Affairs - December, 2019
ADB, India sign $451 million loan to strengthen Power Connectivity in Tamil Nadu
Government of India and Asian Development Bank (ADB) has signed a $451 million loan for strengthening power connectivity between northern and southern parts of Chennai–Kanyakumari Industrial Corridor (CKIC) which is part of East Coast Economic Corridor (ECEC). ECEC is India’s ..
Month: Current Affairs - November, 2019
India and ADB sign 91 million USD to improve water resources in Karnataka
On November 18, 2019, India and the Asian Development Bank (ADB) signed a 91 million USD agreement to improve water security of Karnataka. The loan will help to modernize the Vijayanagara Channel irrigation systems and also to increase the efficiency ..
Month: Current Affairs - November, 2019
ADB to give $451Mn for Chennai-Kanyakumari Industrial Corridor power links
The Asian Development Bank will provide a $451 million (appx. Rs.3,200 crore) loan to strengthen power connectivity between southern and northern parts of Chennai-Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu. As per ADB, the Manila-headquartered multilateral agency the total cost ..
Month: Current Affairs - November, 2019
India ADB sign 190 million USD loan
On 12 October, 2019, the GoI signed a 190 million USD loan with the Asian Development Bank (ADB) to upgrade road transport in the state of Rajasthan. The project includes upgrading of 754 km of state highways, major district roads ..
Month: Current Affairs - October, 2019
ADB to finance Railways Track Electrification Project in India
The Asian Development Bank (ADB) has signed an agreement to electrify railway tracks in India under Railways Track Electrification Project. As per agreement ADB will provide $750 million (equivalent in Indian Rupee) long-term financing to Indian Railway Finance Corporation (IRFC). ..
Month: Current Affairs - May, 2019
ADB cuts India growth forecast to 7.2% for 2019-20
The Asian Development Bank (ADB) in the recent Asian Development Outlook report has made the following observations in the forecast for the financial year 2019-20: India’s growth forecast was lowered for 2019-20 to 7.2% from 7.6% estimated earlier due to moderation in ..
Month: Current Affairs - April, 2019
Govt and ADB sign loan agreement for Mumbai Metro Rail Project
The Government and the Asian Development Bank (ADB) have signed a loan agreement of $926 Million to operationalise two lines for the Mumbai Metro Rail System. This is the single largest Infrastructure Project Loan in ADB history approved by the Asian Development ..
Month: Current Affairs - March, 2019
ADB retains India’s growth forecast at 7.3% for FY19
Asian Development Bank (ADB) in its Outlook Supplement has retained India’s growth forecast at 7.3% for current fiscal (2018-19) and 7.6% in following financial year (2019-20). It held that India is maintaining growth momentum on rebounding exports and higher industrial ..