Asian Development Bank

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

The Reserve Bank of India (RBI) also trimmed India's economic growth projection by a similar margin to 9.5 per cent in June this year.

published on : 22nd September 2021

ADB: Asia below pre-pandemic levels as variants slow rebound

Most regional economies will remain below their pre-pandemic levels into 2022, and some of the losses from the crisis will be permanent, ADB economists said.

published on : 22nd September 2021

Asian Development Bank scales down India's economic growth forecast for this fiscal to 10 per cent

The growth forecast for India in fiscal year 2021 was revised down, as the spike in COVID-19 cases during May dented the recovery.

published on : 22nd September 2021

Asian Development Bank to help build houses for TN’s urban poor

An official release from the ADB said the loan was approved on September 3, and will provide access to inclusive, resilient, and sustainable housing for the urban poor in the State.

published on : 7th September 2021

ADB clears USD 150 million loan for urban poor housing project in Tamil Nadu

Economic opportunities have increased rural-urban migration in the state, which already has one of the highest urbanisation rates in India.

published on : 6th September 2021

Asian Development Bank lowers India's economic growth forecast for this fiscal to 10 per cent

The Asian Development Bank has downgraded India's economic growth forecast for the current financial year to 10 per cent.

published on : 20th July 2021

Sri Lanka's COVID-19 death toll crosses 3000, patients to stay under supervised home treatment

Sri Lanka has reportedly decided to obtain a loan of USD 150 million from the Asian Development Bank to buy vaccines and boost refrigeration and transport facilities.

published on : 30th June 2021

ADB inks USD 2.5 million loan pact with Union government to upgrade road infra in Sikkim

The pact will help improve connectivity to important towns, rural areas, and pilgrimage and tourist destinations in the north-eastern state, ADB said.

published on : 3rd June 2021

Asian Development Bank commits $65.5 mn to check coastal erosion in Karnataka

The financing will be used to address the immediate coastal protection needs and for strengthening the institutional capacity of Karnataka's public works, ports and inland water transport department.

published on : 27th October 2017

GST to benefit lower, lower-middle income class: Asian Development Bank blog

In general, GST is likely to reduce the tax rate on goods as compared to earlier times, while tax rates on services are expected to increase, the blog said.

published on : 22nd August 2017

Asian Development Bank proposes USD 10 billion support for India's low-income states

The bank is also prepared to invest up to USD 5 billion during 2018-22 for infrastructure building to develop East Coast Economic Corridor.

published on : 29th June 2017

Reduce time lag in loan approval and disbursal, India tells Asian Development Bank

Finance Minister Arun Jaitley also asked the multilateral lender to set up a regional hub in New Delhi for South Asia region so that a majority of the proposals could be processed there speedily.

published on : 7th May 2017

Asian Development Bank releases $48 mn to improve Assam power distribution  

The project will help Assam to enhance capacity and efficiency of its power distribution system to improve electricity service to end users, the Ministry statement read.

published on : 8th November 2016