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India forecast to grow 5.5% this year: ADB

Last Updated: Tuesday, April 01, 2014, 08:42

India is forecast to accelerate to 5.5 percent this year, much faster than the 4.7 percent forecast in December.

ADB to lend $176 mn for Jaipur's metro expansion

Last Updated: Wednesday, December 18, 2013, 16:17

Asian Development Bank (ADB) today said it will lend USD 176 million for the expansion of the metro line in Jaipur.

ADB to give $150 mn loan to Petronet

Last Updated: Tuesday, December 17, 2013, 19:19

Petronet, the nation's largest importer of gas in its liquid form (liquefied natural gas or LNG), is expanding its 10 million tonne per annum Dahej terminal to 15 million tonnes at an estimated cost of about Rs 2,950 crore by end 2016.

ADB sees India growing 4.7 percent in 2013

Last Updated: Wednesday, December 11, 2013, 08:49

The Asian Development Bank (ADB) on Wednesday kept its growth forecast for India at 4.7 percent for this year, and sees the country growing at 5.7 percent in 2014.

World Bank, ADB team visit cyclone-hit areas to assess damage

Last Updated: Thursday, November 28, 2013, 14:24

An expert team of World Bank and Asian Development Bank visited different areas of cyclone-hit Ganjam district in Odisha to assess the damage.

ADB plans rupee denominated bonds

Last Updated: Wednesday, November 27, 2013, 17:42

Multilateral funding agency Asian Development Bank (ADB) Wednesday said it is planning to raise funds by issuing rupee denominated bonds.

Climate change to cause economic losses to Pacific countries

Last Updated: Tuesday, November 26, 2013, 21:03

Climate change could cause countries in the Pacific region to lose as much as 12.7 percent of their gross domestic product (GDP), the Asian Development Bank (ADB) said Tuesday.

ADB to set up Asia-Pacific Infrastructure Fund

Last Updated: Wednesday, November 20, 2013, 19:59

"We are now looking at a Asia Pacific Infrastructure Fund basically for infrastructure investment in Asia-pacific. It is still in making. We are still working on it," ADB Managing Director General Rajat M Nag said here.

ADB to provide $10 bn assistance to India over 5 years

Last Updated: Wednesday, November 06, 2013, 15:29

Multilateral lending agency Asian Development Bank (ADB) will provide loan of USD 2 billion annually for five years till 2017 to India to create jobs, enhance investment reforms, and improve infrastructure.

ADB scales down China GDP growth projection to 7.6%

Last Updated: Wednesday, October 02, 2013, 18:02

The Asian Development Bank has scaled down this year's growth forecast for China to 7.6 percent from previous estimate of 8.2 percent due to weak domestic demand, softening industrial rebound and sharp downturn in foreign trade.

ADB lowers India's growth projection for 2013-14 to 4.7%

Last Updated: Wednesday, October 02, 2013, 17:34

Asian Development Bank (ADB) has lowered India's growth projection for 2013-14 to 4.7 percent from 6 percent earlier saying the recent rupee depreciation and capital outflows could adversely impact the country's economy.

ADB to provide $100 mn loan to improve education in Meghalaya

Last Updated: Tuesday, October 01, 2013, 17:18

The project to support human capital development will be it's first loan in India to boost education and skills.