ADB

Strong Indian growth to push up Asian economy to 5.7%: ADB

Strong Indian growth to push up Asian economy to 5.7%: ADB

Asian Development Bank (ADB) President Takehiko Nakao today said strong GDP expansion in some of the countries, including India, is expected to push up Asia's economic growth rate to 5.7 percent in 2016.

TAPI project: Pact inked for $200 million investment in studies

TAPI project: Pact inked for $200 million investment in studies

Shareholders of the Turkmenistan- Afghanistan-Pakistan-India (TAPI) Pipeline Company Limited on Saturday signed an agreement to invest USD 200 million in studies and engineering for the USD 10 billion project to transport natural gas to energy-hungry countries like India.

China overcapacity darkens Asia's 2016 growth prospects: ADB

China overcapacity darkens Asia's 2016 growth prospects: ADB

Huge industrial overcapacity in China will drag on both the country`s and the region`s growth this year, the Asian Development Bank said Wednesday, cutting its forecast for the world`s second-largest economy.

 

ADB cuts India's growth forecast to 7.4% for 2016-17

ADB cuts India's growth forecast to 7.4% for 2016-17

The Asian Development Bank's (ADB) growth forecast of 7.4 percent for 2016-17 is substantially lower than its earlier projection of 7.8 percent.

GST will integrate Indian economy, help attract FDI: ADB

GST will integrate Indian economy, help attract FDI: ADB

ADB president Takehiko Nakao has pitched for roll out of the Goods and Services Tax saying that its introduction will integrate India as "truly one single economy" and help attract more foreign investments.

ADB to lend $1 bn to Power Grid Corp

Multilateral lending agency Asian Development Bank will provide $1 billion loan to central transmission utility Power Grid Corp for renewable energy transmission and grid expansion in India.

China's economy to grow slightly faster than expected: ADB

China's economy to grow slightly faster than expected: ADB

China's economy will grow slightly faster than expected this year at 6.9 percent and its shift to fostering services and private consumption is helping to support regional growth, the Asian Development Bank said Thursday.

ADB to double annual climate financing to $6 billion

ADB to double annual climate financing to $6 billion

The Asian Development Bank is to double its annual lending for climate change adaptation to USD 6 billion by 2020, the Philippines-based lender said.

India to grow at 7.8%; land, tax reforms delay a risk: ADB

ADB on Thursday retained India's growth projection for the current fiscal at 7.8 percent, making it the fastest growing economy, but cautioned that delay in land and taxation reforms could hinder growth.

ADB pegs India's GDP at 7.8%, sees reforms delay as risks

ADB pegs India's GDP at 7.8%, sees reforms delay as risks

Indian economy grew 7.3 percent in 2014-15.

Asian Development Bank cuts Asia, China growth forecasts

Developing Asia is now expected to grow 6.1 percent and 6.2 percent this year and in 2016 against the ADB`s March forecast of 6.3 percent for both years.

ADB to increase India lending by 50% to $12 bn by 2018

Answering question on India's growth prospects, Nakao said the country's growth rate is expected to exceed that of China in this year.

ADB to give $300 mn loan to improve urban healthcare service

"The ADB has approved a USD 300 million loan to support India's NUHM ," an ADB statement said.

Coal, medicine, trains top Tokyo's Asia infrastructure plan

Abe announced the commitment, topping the USD 100 billion China set for its newly created Asian Infrastructure Investment Bank, yesterday with an explicit pledge to make a "treasure trove" of Mongolia's vast reserves of brown coal, regarded as too polluting for power generation.

ADB to finance $6 billion in Pakistan infrastructure projects

The Asian Development Bank on Tuesday approved a $6 billion loan to help build up Pakistan`s dilapidated power network and other key infrastructure, Islamabad said.

India has potential to grow at 9-10%: FM Jaitley

"I do believe that India has a 9 or 10 percent growth potential. To achieve that we have to invest a lot into rural infrastructure and irrigation that's one area we can move up," he said.

India for deeper engagement of ADB for smart cities, railways

Finance Minister Arun Jaitley on Monday sought "deeper engagement" of the ADB for development of smart cities, industrial corridors and railways as part of flagship initiatives like 'Make In India' and 'Skill India'.

FM Jaitley to leave for Azerbaijan on Sunday to attend ADB meet

The four-day 48th annual meeting of the ADB began on Saturday.

ADB says will maintain standards when cooperating with AIIB

The Asian Development Bank (ADB) said on Saturday that it was ready to work with the China-led Asian Infrastructure Investment Bank (AIIB) so long as standards were met, while also announcing changes to boost its own lending capacity by billions of dollars.

ADB lends $2 bn to India for road construction in 5 states

ADB-supported Rural Roads Sector Investment Programmes (RRS-I and II) built or upgraded more than 22,000 kms of rural roads.