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  • ADB, Wabag Sign Rs 200 crore debt facility to support sanitation and water security in India Nov 25, 2022 07:15 PM IST

    ADB, Wabag Sign Rs 200 crore debt facility to support sanitation and water security in India

    The board of Va Tech Wabag approved the proposal for fundraising by way of issuance of non-convertible debentures up to Rs 200 crore to ADB on a private placement basis.

  • GreenCell Express secures $40 million loan from ADB to produce 255 e-buses Nov 07, 2022 03:46 PM IST

    GreenCell Express secures $40 million loan from ADB to produce 255 e-buses

    Overall, the project will reduce emissions by 14,780 tonne per year, ADB said.

  • ADB announces $14 billion support for food security in Asia Pacific Sep 27, 2022 12:56 PM IST

    ADB announces $14 billion support for food security in Asia Pacific

    The funding was announced by Asian Development Bank (ADB) President Masatsugu Asakawa as part of the 55th ADB annual meeting, during a virtual press conference.

  • Economic activity still below pre-pandemic level; RBI to slow down on rate cuts till next year: ADB Sep 25, 2022 02:15 PM IST

    Economic activity still below pre-pandemic level; RBI to slow down on rate cuts till next year: ADB

    For the next fiscal year too, the forecast has been revised upwards to 5.8 per cent from 5 per cent earlier. Inflation will remain elevated this year and the next, ADB said in an update to its flagship Asian Development Outlook (ADO) 2022 report.

  • IndusInd Bank, Asian Development Bank ink pact for Rs 560 crore lending programme for supply chain financing Sep 02, 2022 04:29 PM IST

    IndusInd Bank, Asian Development Bank ink pact for Rs 560 crore lending programme for supply chain financing

    The bank has entered into a partial guarantee programme with ADB with an initial outlay of USD 70 million (Rs 560 crore), exclusively towards promoting supply chain finance solutions in India, IndusInd Bank said in a release on Friday.

  • ADB downgrades Asia GDP forecast as China sticks to Covid Zero Jul 21, 2022 06:35 AM IST

    ADB downgrades Asia GDP forecast as China sticks to Covid Zero

    The bank expects the region to grow 4.6 percent this year compared to an earlier forecast of 5.2 percent

  • ADB to provide $2 million loan to support urban development in Nagaland Apr 12, 2022 06:11 PM IST

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

    The PRF loan will help design water supply, sanitation, solid waste management and urban roads in 16 district headquarter towns (DHTs) with climate resilient features and improved access to poor and vulnerable.

  • ADB lends record $4.6 billion loans to India in 2021 Feb 06, 2022 04:43 PM IST

    ADB lends record $4.6 billion loans to India in 2021

    Of the COVID-19-related assistance, $1.5 billion was towards vaccine procurement and $300 million to strengthen primary health care in urban areas and the country's future pandemic preparedness.

  • Asian Development Bank approves Rs 2,645-crore loan to improve urban services in India Dec 09, 2021 05:44 PM IST

    Asian Development Bank approves Rs 2,645-crore loan to improve urban services in India

    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, Asian Development Bank said in a release.

  • Tapi pipe(line) dream rises again from the ashes of the Afghan war Oct 30, 2021 07:52 AM IST

    Tapi pipe(line) dream rises again from the ashes of the Afghan war

    Huge questions still hang over the project, though. Among them are the difficulty of pushing a pipeline through a war-torn country, and financing the Tapi pipeline which ADB says could cost USD 10 billion.

  • Government reappoints Shaktikanta Das as RBI Governor for 3-years Oct 29, 2021 07:20 AM IST

    Government reappoints Shaktikanta Das as RBI Governor for 3-years

    Shaktikanta Das also served as India’s Alternate Governor in the World Bank, Asian Development Bank (ADB), New Development Bank (NDB) and Asian Infrastructure Investment Bank (AIIB)

  • ADB lowers India's GDP growth projection for this fiscal to 10% on COVID disruptions Sep 22, 2021 06:23 PM IST

    ADB lowers India's GDP growth projection for this fiscal to 10% on COVID disruptions

    In April, ADB had projected a growth rate of 11 per cent in 2021-22 for India.

  • India-ADB sign $500 million loan agreement to expand metro rail network in Bengaluru Aug 19, 2021 09:44 PM IST

    India-ADB sign $500 million loan agreement to expand metro rail network in Bengaluru

    The project will construct two new metro lines, mostly elevated, along Outer Ring Road and National Highway 44 between Central Silk Board and Kempegowda International Airport with 30 stations, ADB said in a release.

  • ADB cuts India's FY22 economic growth forecast to 10%; inflation seen rising marginally to 5.5% Jul 20, 2021 05:58 PM IST

    ADB cuts India's FY22 economic growth forecast to 10%; inflation seen rising marginally to 5.5%

    India's GDP growth recovered to 1.6 percent in the last quarter of fiscal year ended March 2021, narrowing contraction in the whole fiscal year from 8 percent estimated in April to a revised 7.3 percent, the multilateral funding agency said in the Asian Development Outlook (ADO) Supplement.

  • CESL to procure 300 electric vehicles from Tata Motors May 18, 2021 07:27 PM IST

    CESL to procure 300 electric vehicles from Tata Motors

    CESL will work with Tata Motors to deploy these vehicles to the government entities looking to change over to electric vehicles

  • COVID-19: At $3.92 billion, ADB's annual funding to India highest ever May 15, 2021 12:29 PM IST

    COVID-19: At $3.92 billion, ADB's annual funding to India highest ever

    ADB approved loans for sustainable urban development in secondary and smaller towns in Rajasthan and Madhya Pradesh.

  • ADB to provide Rs 100 crore loan to Medanta to combat COVID-19 Feb 15, 2021 07:22 PM IST

    ADB to provide Rs 100 crore loan to Medanta to combat COVID-19

    The project will support the purchase of personal protective equipment, basic hygiene products, and patient care equipment such as ventilators and beds.

  • Maharashtra plans to take 15,000 crore loan from ABD for road works: Ashok Chavan Feb 15, 2021 02:45 PM IST

    Maharashtra plans to take 15,000 crore loan from ABD for road works: Ashok Chavan

    Speaking to reporters here, Chavan said the backlog in road work had gone up and the funds required would be more than what the state budget has allocated.

  • ADB to provide $100 million loan to upgrade power distribution in Bengaluru Jan 04, 2021 04:20 PM IST

    ADB to provide $100 million loan to upgrade power distribution in Bengaluru

    In parallel to underground distribution cables, over 2,800 km of fibre optical cables will be installed to strengthen communication network.

  • ADB launches $9 billion COVID-19 vaccine initiative for its developing member economies Dec 11, 2020 02:44 PM IST

    ADB launches $9 billion COVID-19 vaccine initiative for its developing member economies

    ADB has launched a USD 9 billion vaccine initiative — the Asia Pacific Vaccine Access Facility (APVAX) — offering rapid and equitable support to its developing members as they procure and deliver effective and safe coronavirus disease (COVID-19) vaccines, it said in a release.

  • Asia needs to leverage stronger regional cooperation to boost COVID-19 recovery: Asian Development Bank Nov 26, 2020 03:39 PM IST

    Asia needs to leverage stronger regional cooperation to boost COVID-19 recovery: Asian Development Bank

    "Regional cooperation and integration has been an effective driver for strong economic growth and a sharp reduction in poverty,” ADB vice-president for knowledge management and sustainable development Bambang Susantono said in a statement.

  • ADB, govt ink $570 million loan agreement to fund public infrastructure building Oct 12, 2020 10:37 PM IST

    ADB, govt ink $570 million loan agreement to fund public infrastructure building

    Khare and Konishi also signed the agreement for the funding of Madhya Pradesh Urban Services Improvement Project, which is additional financing to scale up the scope of the ongoing project that was approved in 2017 with a $275 million loan.

  • ADB approves $300 million loan to finance water supply, sanitation infrastructure in Rajasthan Sep 26, 2020 01:45 PM IST

    ADB approves $300 million loan to finance water supply, sanitation infrastructure in Rajasthan

    The project is expected to build citywide access for improved water supply services for around 5,70,000 people in Rajasthan.

  • Asian Development Bank appoints Takeo Konishi as Country Director for India Sep 14, 2020 01:39 PM IST

    Asian Development Bank appoints Takeo Konishi as Country Director for India

    Takeo Konishi has 22 years of professional experience, including almost two decades with ADB in many senior roles including as Country Director of Uzbekistan Resident Mission and Advisor in the Central and West Asia department.

  • President Ram Nath Kovind accepts Ashok Lavasa's resignation as Election Commissioner Aug 19, 2020 11:45 AM IST

    President Ram Nath Kovind accepts Ashok Lavasa's resignation as Election Commissioner

    "...the President is pleased to accept the resignation tendered by Shri Ashok Lavasa, Election Commissioner with effect from the 31st August, 2020," the notification said.