BRICS bank to issue first yuan-denominated bonds

BRICS bank to issue first yuan-denominated bonds

Beijing: The New Development Bank of the BRICS countries is set to issue its first yuan-denominated bonds with plans to release more bonds in local currencies including in Indian Rupee, a top official of the bank has said.

India may clock near 8% growth on back of good monsoon: Das

India may clock near 8% growth on back of good monsoon: Das

India targets to be a "low-cost economy" by reducing interest rates and transaction cost, Economic Affairs Secretary Shaktikanta Das said Tuesday while projecting a near-8 percent growth for current fiscal.

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's economy to decline to 6.5 % this year: ADB

China's economy to decline to 6.5 % this year: ADB

 China's growth will decline to 6.5 percent this year and slide further to 6.3 percent in 2017, the Asian Development Bank forecast today as it warned the world's second-largest economy over its huge industrial overcapacity.

ADB cuts Asia growth forecast to 5.7% for 2016

For China, ADB has projected growth to decline from 6.9 percent in 2015 to 6.5 percent in 2016.

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.

ADB, USAID to assist India in developing clean energy projects

Asian Development Bank and the US Agency for International Development will assist India in developing the clean energy infrastructure by collaborating on design and development of PPP investment models for solar parks.

Fiji eyes more cyclone aid as toll hits 44

Fiji eyes more cyclone aid as toll hits 44

Cyclone-devastated Fiji said it was likely to need more foreign aid on Thursday as the body count from the most powerful storm in its history climbed to 44.

ADB to fund $1.5 billion for Bangladesh-Myanmar railways

ADB to fund $1.5 billion for Bangladesh-Myanmar railways

Bangladeshi Prime Minister Sheikh Hasina in 2011 opened construction work on the rail line but it has been on hold due to lack of funds, Xinhua reported.

ADB urges Bangladesh to develop capital market to spur economy

The Asian Development Bank (ADB) encouraged Bangladesh on Saturday to use the more than $553 million it has provided in loans to develop a capital market and attract private investors.

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 keeps India's growth forecast unchanged at 7.4% this year

ADB keeps India's growth forecast unchanged at 7.4% this year

The Asian Development Bank (ADB) on Thursday kept its economic growth forecast for India unchanged at 7.4 percent for the current financial year and 7.8 percent for the next fiscal.

Indian-American Swati Dandekar nominated Asian Development Bank's Executive Director by Barack Obama

Indian-American politician from Iowa Swati Dandekar has been nominated as Executive Director to Asian Development Bank with ambassadorial rank by US president Barack Obama.

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.

ADB revises down regional growth as China and India slow

ADB revises down regional growth as China and India slow

Weaker growth in China this year is expected to cause a slowdown in the rest of Asia, the Asian Development Bank said Tuesday as it became the latest major body to revise down its forecasts for the world`s number two economy.

Over 20 countries on 'waiting list' to join AIIB: China

More than 20 countries are waiting to join the China-initiated Asian Infrastructure Investment Bank (AIIB), its designated president said Saturday as he allayed concerns it was aimed to challenge US and Japanese influence in the region.

 

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.