The Asian Development Bank (ADB) has given its nod to a USD 181 million loan aimed at bolstering the quality of urban infrastructure and services, thereby enhancing urban liveability and mobility in the peri-urban regions of Ahmedabad city in Gujarat. According to a press release by ADB, Ahmedabad and its peripheral areas have seen rapid … Read more
The Asian Development Bank warned Tuesday that the highly mutated Omicron coronavirus variant could have a “substantial” economic impact, as it trimmed its 2021 and 2022 growth forecasts for developing Asia. Despite a sharp drop in infections and increased vaccination across the region stretching from the Cook Islands in the Pacific to Kazakhstan in Central … Read more
Multilateral funding agency Asian Development Bank has approved a USD 150 million (about Rs 1,095 crore) loan for a sustainable housing project for the urban poor in Tamil Nadu. The loan to provide access to inclusive, resilient, and sustainable housing for the urban poor in Tamil Nadu was approved on September 3, 2021, ADB said … Read more
The BJP on Sunday announced that it will field former chief economic adviser to the central government and member of the 15th Finance Commission, Ashok Lahiri, from the Alipurduar seat, and minister of state for Environment, Forest and Climate Change Babul Supriyo from Tollygunge against TMC minister Arup Biswas, and former journalist Swapan Dasgupta from … Read more
New Delhi: The government has signed a USD 500-million loan agreement with the Asian Development Bank for funding the 82-kilometre Delhi-Meerut Regional Rapid Transit System (RRTS) corridor, the mutlilateral funding agency said on Tuesday. “The Asian Development Bank (ADB) and the Government of India today signed a USD 500 million loan, the first tranche of … Read more