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Asian Development Bank to provide $6 billion to India over next 3 years

Sunday May 5, 2013

The Asian Development Bank (ADB) today said it will provide about $6 billion loan to India over the next three years, even as the multilateral lender stated it is facing the challenge of raising resources.

India story on investment just starting out: Chidambaram

Saturday May 4, 2013

With the government liberalising FDI norms and setting up a system to speed up mega projects, Finance Minister P Chidambaram said on Saturday that India story of investment is "just starting out".

India's outlook stable for next 12-18 months: Moody's

Friday May 3, 2013

"We feel the outlook (on India) is stable. We do not see ratings movement up or down in the next 12-18 months," Moody's Sovereign Ratings VP and lead analyst (India) Atsi Sheth said on the sidelines of the ADB annual meet.

Setting up BRICS Bank will not be easy: ADB chief

Thursday May 2, 2013

Describing banking business as "difficult and cumbersome" process, newly elected chief of Asian Development Bank (ADB) Takehiko Nakao today said setting up of the proposed BRICS Bank would not be easy.

Growth in India may recover to 6 per cent this year: ADB

Tuesday April 9, 2013

Growth in India may recover to 6 per cent this year and 6.5 per cent in 2014 from 5 per cent in 2012, but South Asia's largest economy needs to pursue structural reforms to create a more favorable investment environment and spur growth, the ADB said.

Haruhiko Kuroda steps down as ADB chief

Monday March 18, 2013

Asian Development Bank (ADB) president Haruhiko Kuroda stepped down on Monday after eight years of service and will soon take over as governor of the Bank of Japan.

ADB head Haruhiko Kuroda to be nominated BoJ chief: report

Monday March 18, 2013

Shinzo Abes government is set to nominate Asian Development Bank president Haruhiko Kuroda as Bank of Japan governor, reports said on Monday, sending the dollar surging against the yen.

Tokyo stocks open up 1.57 per cent

Monday February 25, 2013

Tokyo stocks opened 1.57 per cent higher on Monday after reports said Japan is set to nominate Asian Development Bank president Haruhiko Kuroda as next Bank of Japan governor.

India can achieve 8-9 per cent economic growth in years ahead: Asian Development Bank

Friday February 1, 2013

Asian Development Bank (ADB) today said the fiscal consolidation roadmap announced by India will help in getting back to high economic growth rate of 8-9 per cent in the coming years.

Worsening global situation to impact India: ADB

Thursday January 31, 2013

Asian Development Bank (ADB) today cautioned that worsening global financial situation will have severe consequences for emerging economies like India and China.

Asian Development Bank's 5.2 per cent stake in Petronet offered to Qatar

Monday December 17, 2012

India has offered Qatar a 5.2 per cent stake that Asian Development Bank (ADB) held in Petronet LNG Ltd, the nation's largest liquefied natural gas importer.

ADB trims Asia's growth prospects on slack global demand

Friday December 7, 2012

The Asian Development Bank slightly lowered its 2012 and 2013 growth estimates for developing Asia on Friday as frail global demand drags on the region despite indications that China's economy has bottomed out.

ADB slashes India's 2012 growth forecast to 5.6%

Wednesday October 3, 2012

After years of rapid growth, Asia's developing economies now face much more modest prospects and must refashion themselves to reduce dependence on exports, the Asian Development Bank said Wednesday in a report that slashes growth forecasts for this y...

Without reform, GDP growth will fall below 6%: Planning Commission committee

Sunday August 5, 2012

A Planning Commission committee has cautioned that economic growth will slip below 6 per cent in the absence of reforms by the government.

India GDP growth forecast cut to 6.5% this year: Asian Development Bank

Thursday July 12, 2012

The ADB cut its growth forecasts for developing Asia saying Europe, US problems had cut demand for exports.