Page-3 of ADB
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 ..
Month: Current Affairs - December, 2018
Government inks $31 million loan agreement with ADB to develop tourism and boost jobs in Tamil Nadu
Union Government has inked $31 million loan agreement with Asian Development Bank (ADB) for Tamil Nadu Government’s Infrastructure Development Investment Program for Tourism (IDIPT). It is fourth loan tranche for this program aimed at building-up tourism industry and boost visitor ..
Month: Current Affairs - December, 2018
Government inks $75 million loan with ADB to improve Urban Services in 4 Karnataka Towns
Union Government has inked $75 million loan agreement with Asian Development Bank (ADB) for Karnataka Integrated Urban Water Management Investment Program. Under it 24 x7 water supply will be provided in Karnataka’s four coastal towns of Kundapura, Mangalore Puttur and ..
Month: Current Affairs - November, 2018
ADB to provide US $13 million loan to EESL to promote efficient energy usage in India
Asian Development Bank (ADB) it will provide US $13 million loan to Energy Efficiency Services (EESL) to promote efficient energy usage in India. It will be provided by Global Environment Facility (GEF) as part of US $200 million ADB-financed Demand-Side ..
Month: Current Affairs - November, 2018
Government inks $110 million loan agreement with ADB to upgrade rural roads in MP
Government has inked $110 million loan agreement with Asian Development Bank (ADB) to upgrade all-weather rural roads in Madhya Pradesh under Pradhan Mantri Gram Sadak Yojana (PMGSY). It is second tranche of $500 million Second Rural Connectivity Investment Programme for India ..