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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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

 

ADB says developing Asian economies to grow 5.6% in 2016

The Manila-based lender's report said the growth forecast for 2017 of 5.7 percent made in March remains unchanged.

ADB trims developing Asia growth forecast; India on track

ADB trims developing Asia growth forecast; India on track

ADB on Monday marginally cut economic growth projection for Asia and Pacific region for 2016, though India is likely to meet 7.4 percent and 7.8 percent growth forecast for this and the following year.

ADB, IFC in talks with IDBI Bank for Rs 3,771-cr QIP

ADB, IFC in talks with IDBI Bank for Rs 3,771-cr QIP

Global lenders, Asian Development Bank and International Finance Corporation, as well as other investors are in talks for state-owned IDBI Bank's Rs 3,771- crore stake sale via qualified institutional placement route.

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.