Asian Development Bank

India to grow 7.3% this fiscal, 7.6% in next: ADB

India to grow 7.3% this fiscal, 7.6% in next: ADB

The ADB's growth projection of 7.3 percent this fiscal is in line with that of rating agency Fitch, but a tad lower than RBI's forecast of 7.4 percent.

Apr 11, 2018, 09:27 AM IST
Assam keen to start flights to ASEAN countries, says CM Sonowal

Assam keen to start flights to ASEAN countries, says CM Sonowal

He also urged ASEAN countries to set up consulates in Guwahati, besides boosting economic ties.

Feb 04, 2018, 21:09 PM IST
ADB trims India growth forecast to 7% for current year

ADB trims India growth forecast to 7% for current year

Developing Asia is expected to grow by 5.9 and 5.8 percent in 2017 and 2018, respectively, the Manila-based lender said.

Sep 26, 2017, 11:37 AM IST

ADB, IndusInd Bank partner to provide finance to women borrowers

The seven-year senior loan will go toward IndusInd Bank`s microfinance activities.

Sep 15, 2017, 19:04 PM IST
Natural calamities in Asia, Pacific threat to infra: ADB

Natural calamities in Asia, Pacific threat to infra: ADB

Asia and Pacific countries, including India, Sri Lanka and Bangladesh, need to thwart challenges posed by natural calamities that have been taking toll on their infrastructure, ADB has said.

Jun 18, 2017, 12:39 PM IST

Jaitley invites Japanese firms to manufacture in India

Finance Minister Arun Jaitley has invited Japanese companies to set up manufacturing facilities in India to produce `rolling stock` for Metro rail projects.

May 07, 2017, 16:31 PM IST
Give primacy to views of developing nations: FM Jaitley to ADB

Give primacy to views of developing nations: FM Jaitley to ADB

Finance Minister Arun Jaitley on Sunday asked Asian Development Bank (ADB) to ensure primacy is accorded to views of developing countries in operations of the multilateral lending agency.

May 07, 2017, 12:40 PM IST
Arun Jaitley, Pakistan counterpart lock horns over China's 'One Belt, One Road' proposal

Arun Jaitley, Pakistan counterpart lock horns over China's 'One Belt, One Road' proposal

Indian Finance Minister Arun Jaitley and his Pakistan counterpart Ishaq Dar exchanged cold vibes over China's 'One Belt, One Road'(OBOR) proposal during a round table discussion on Asia's economic outlook organized by the Asian Development Bank.

May 07, 2017, 00:24 AM IST
Jaitley rules out any surprise in GST rates on roll-out

Jaitley rules out any surprise in GST rates on roll-out

Finance Minister Arun Jaitley ruled out any surprises in the tax rates in the Goods and Services Tax (GST) that is proposed to be rolled out on July 1 and also asserted that there will be no cascading in goods and commodities, which can even see tax rates coming down a little.

May 06, 2017, 21:34 PM IST

Protectionism can blunt US firms' efficiency, says Jaitley

While the global economy impacted India, the country's large market and domestic demand kept its economy going, helping it clock 7.5 percent plus growth even during global slowdown.

May 06, 2017, 20:13 PM IST

Indian market should be more deregulated, FDI friendly: ADB

The Asian Development Bank (ADB) today lauded Prime Minister Narendra Modi's effort of integrating indirect taxes through the GST, even as it wants the Indian market to be more "deregulated" and FDI friendly to realise the true potential.

May 04, 2017, 12:55 PM IST
ADB lending hits record high

ADB lending hits record high

The Asian Development Bank (ADB) operations exceeded the $30 billion mark for the first time in its 50-year history as regional demand for development finance and knowledge continues to grow, a report said on Tuesday.

Apr 25, 2017, 18:15 PM IST
India's growth to accelerate to 7.4% in 2017-18: ADB

India's growth to accelerate to 7.4% in 2017-18: ADB

The Asian Development Bank (ADB) on Thursday said that India's growth rate will improve to 7.4 percent during 2017-18 and go up further to 7.6 percent in the next fiscal, remaining ahead of China.

Apr 06, 2017, 12:06 PM IST
PM Modi to meet economists, govt officials Tuesday; budget, demonetisation key issues

PM Modi to meet economists, govt officials Tuesday; budget, demonetisation key issues

Prime Minister Narendra Modi will meet economists and senior government officials at NITI Aayog on Tuesday.

Dec 26, 2016, 15:19 PM IST
Government likely to slash  taxman's powers, lower stamp duty

Government likely to slash taxman's powers, lower stamp duty

Tightening the noose further around black economy, the government may abolish discretionary powers of tax officers in deciding liabilities for evasion, said NITI Aayog Vice-Chairman Arvind Panagariya.

Dec 02, 2016, 15:25 PM IST

Strengthen ECGC to promote export finance: Nirmala Sitharaman

Commerce and Industry Minister Nirmala Sitharaman Tuesday pitched for adequate headroom to ECGC so as to promote export finance, saying she will raise the issue with the Finance Ministry as well as the Reserve Bank.

Nov 08, 2016, 17:14 PM IST

ADB declines to fund Pakistan's big dam project in PoK

The ADB has refused to commit funds for Pakistan's USD 14 billion dam project on Indus river in Pakitan-occupied Kashmir (PoK), two years after the World Bank declined to fund the project following Islamabad's refusal to seek an NoC from India.

Oct 27, 2016, 16:38 PM IST
Asia growth holds stable thanks to China and India: ADB

Asia growth holds stable thanks to China and India: ADB

ADB maintained its growth forecast for India at 7.4 percent for 2016 and 7.8 percent for 2017, with improvements driven by a recovery in private investment and bank reforms.

Sep 27, 2016, 09:11 AM IST
Highway across nations: India approves $1 billion connectivity project

Highway across nations: India approves $1 billion connectivity project

India has approved an ambitious $1.04-billion project for constructing and upgrading 558 km of roads to link it with Bangladesh, Bhutan and Nepal and ease the movement of passengers and cargo, as part of the larger effort to increase intra-regional trade by 60 per cent.

Sep 18, 2016, 19:22 PM IST
Asian Development Bank re-elects Takehiko Nakao as President

Asian Development Bank re-elects Takehiko Nakao as President

The board of Asian Development Bank has re-elected Takehiko Nakao as the multilateral funding agency's president for a five-year term beginning November.

 

Aug 05, 2016, 17:27 PM IST