Page-5 of ADB
ISA-ADB, NDB, GCF, AfDB and AIIB sign joint declarations of financial Partnership
The International Solar Alliance (ISA) and African Development Bank (AfDb), Asian Infrastructure Investment Bank (AIIB), Asian Development Bank (ADB), Green climate fund (GCF), and New Development Bank (NDB) signed Joint financial partnership Declarations. The International Energy Agency (IEA) also signed ..
Month: Current Affairs - March, 2018
Government inks $250 Million Loan Agreement with ADB to Improve Rural Connectivity in 5 States
The Union Government has inked $250 Million Loan Agreement with Asian Development Bank (ADB) to Improve Rural Connectivity in 5 States viz. Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal under Pradhan Mantri Gram Sadak Yojana (PMGSY). The loan proceeds ..
Month: Current Affairs - January, 2018
ABD lowers India’s GDP forecast to 6.7% for 2017-18
The Asian Development Bank (ADB) in its Asian Development Outlook Supplement has lowered India’s economic growth forecast for current fiscal i.e. FY 2017-18 by 0.3% to 6.7% from earlier 7%. The reasons cited for this downward revision of growth forecast ..
Month: Current Affairs - December, 2017
Government inks $65.5 Million Loan agreement with ADB to support Coastal Protection in Karnataka
The Union Government has inked $65.5 million loan agreement with Asian Development Bank (ADB) to continue interventions to check coastal erosion on the Western Coast in Karnataka. The loan is second tranche of $250 million financing facility under Sustainable Coastal ..
Month: Current Affairs - October, 2017
ADB to increase Annual Lending to India to $4 billion
The Asian Development Bank (ADB) has decided to increase its annual lending to India to maximum of $4 billion between 2018 and 2022 to help fasten inclusive economic transformation towards upper middle income status. The new lending programme also includes ..
Month: Current Affairs - September, 2017
Myanmar becomes 7th member of SASEC
Myanmar became the 7th member of South Asia Sub-regional Economic Cooperation (SASEC) program of Asian Development Bank (ADB). It was officially made member at the SASEC Finance Ministers’ meeting held in New Delhi and chaired by Union Finance Minister Arun ..
Month: Current Affairs - April, 2017
India, ADB sign $500 million loan to build longest river bridge across Ganges River
The Union Government and Asian Development Bank (ADB) have inked a $500-million loan agreement to build a 9.8 km long road bridge across the Ganga River in Bihar. It will be country’s longest river bridge and shall provide better connectivity ..
Month: Current Affairs - November, 2016
ADB approves $631 million loan for Vizag-Chennai industrial corridor
Multilateral funding agency Asian Development Bank (ADB) has approved $631 million loan for building India’s first coastal industrial corridor between Visakhapatnam (Vizag) and Chennai. The fund will help develop the first key 800-km section of the planned 2,500-km East Coast Economic ..