Asian Development Bank News

Companies

ADB approves USD 1 billion package for rapid transit system in India

Efficient and integrated transport solutions are critical for managing the rapid urbanisation and ensuring balanced urban development of the region, said ADBA USD 3 million grant from ADB's Japan Fund for Poverty Reduction will support various activities

1 min read18 Aug 2020
News

ADB assures $2.2 bn for India’s war against coronavirus

On Thursday, the Centre announced a ₹15,000 crore package to help states with their covid-19 emergency response and health system preparedness

1 min read10 Apr 2020
News

ADB slashes India’s FY21 growth forecast to 4%, Fitch pegs it at 2%

India’s growth projection by ADB is more optimistic than most other forecastersWhile rating agency S&P pegged India’s growth for FY21 at 3.5%, ICRA Research so far has the bleakest estimate of 2%

3 min read4 Apr 2020
Industry

Annapurna Finance to raise ₹180 crore from ADB, OIJIF

Annapurna is primarily engaged in providing micro loans to women for income-generating activitiesBringing ADB as an investor will allow Annapurna access long-term credit line from ADB

2 min read23 Jan 2019
Industry

How failure on multiple fronts let the crisis in

In conversation with MoS (civil aviation) Jayant Sinha, Inklude Labs chairman Narayan Ramachandran and Asian Development Bank's former vice-president Lakshmi Venkatachalam on the 2008 financial crisis

19 min read20 Sep 2018
Politics

India’s 7% projected growth rate ‘amazingly fast,’ can double economy in 10 years: ADB

The ADB has projected India to remain the fastest growing Asian nation with 7.3% growth in 2018-19, and 7.6% in 2019-20

2 min read6 May 2018
Politics

India seeks ADB financing in start-ups, fintech firms

Economic affairs secretary Subhash Garg urges ADB to invest in fintech firms and start-ups, and resists a US proposal for differentiated pricing of multilateral lending based on national income of the agency's clients

3 min read5 May 2018
Politics

GST will stimulate Indian economy in medium-term: ADB chief economist

ADB chief economist Yasuyuki Sawada says India's economic growth will bounce back this year and in the next, it will be faster

2 min read5 May 2018
Companies

ADB’s solution for job losses: Robot taxes for the rich

Advocating a more progressive tax system, ADB president Takehiko Nakao said that it was important for govts to support and provide a social security net to people left behind by technological developments

2 min read3 May 2018
Politics

India GDP growth will pick up in 2018-19 to 7.3%, says ADB

Asian Development Bank sees improved rural consumption and modest rise in private sector investment aiding growth in the Indian economy even as the debilitating effects of demonetisation and GST dissipate

2 min read12 Apr 2018
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The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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