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.

Proposal send to ADB to fund project to track char dham yatra pilgrims: Govt

Uttarakhand government has sent a proposal to the Asian Development Bank requesting it to fund a project introducing radio frequency identification technology to track pilgrims in case of a crisis on char dham yatra route.

ADB to give $300 million loan to India

The Asian Development Bank (ADB) will extend a loan of USD 300 million to India for improving road connectivity and increasing the domestic and regional trade along the North Bengal-North Eastern Region (NER).

Myanmar set for 8.3% growth spurt: ADB

The Asian Development Bank Tuesday predicted economic growth in Myanmar will surge by over eight percent for the next two years as it urged the nation to press on with reforms before landmark elections.

India to lead Asia's economic growth: ADB

Projecting a slowdown in Chinese economy, the Asian Development Bank (ADB) on Tuesday said the economic growth in Asia would be led by India for the next couple of fiscals.

India to grow at 7.8% in 2015-16; surpass China: ADB

ADB said India's growth and investor confidence will improve on the back of government's structural reform agenda and improved external demand.