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India Red-Flags $800 Million Asian Development Bank Aid Package To Pakistan
India has expressed deep concerns over the potential misuse of the $800 million ADB aid package to Pakistan as the country is increasing its defence expenditure, despite the poor fiscal position.
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Asian Development Bank Chief Pledges $10 Billion For India's Urban Infrastructure
Prime Minister Narendra Modi on Sunday took to X to share a picture of meeting with the Asian Development Bank (ADB) president Masato Kanda at his official residence.
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"Not True": Centre Rejects Reports On Minister-ADB Chief Talks On Pak
The Finance Ministry this evening denied media reports that claimed Union Finance Minister Nirmala Sitharaman discussed issues related to Pakistan with Asian Development Bank chief Masato Kanda, and her Italian counterpart Giancarlo Giogetti.
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This Country Has Highest Living Cost In All Of Asia. Inflation Rate At 25%
This country has the highest living cost in all of Asia with a 25 per cent inflation rate and its economy may grow at the fourth lowest pace of 1.9 per cent in the region, according to a new Asian Development Bank (ADB) report.
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Asian Development Bank Raises India's Growth Forecast To 7%
The Asian Development Bank (ADB) on Thursday raised India's GDP growth forecast for the current fiscal to 7 per cent, from 6.7 per cent earlier.
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Centre To Give Funds For Computerisation Of All State, UT Cooperatives
In a historic decision and for the first time, registrar of cooperatives of States and Union Territories (UTs) and Agriculture and Rural Development Banks (ARDBs) are being given funds by the Center for computerisation, Ministry of Cooperation said.
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Pakistan to Get CBDC by 2025, State Bank of Pakistan Commits to Adopt Blockchain Technology
Pakistan is accelerating efforts to roll-out its CBDC in the next two years, by 2025. The development was confirmed by the nation’s finance minister, Asad Umar. The State Bank of Pakistan (SBP) has called the country’s initiative to test its CBDC has been called a ‘testament’ to the nation’s openness towards newer technologies.
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Russia-Ukraine War Threatens India's Economic Recovery: RBI Deputy Governor
The ongoing geopolitical developments in Ukraine have challenged India's economic prospects, thereby darkening the country's outlook and making it highly uncertain, said the Reserve Bank of India's Deputy Governor Michael Patra.
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Asian Bank Tracks Projects In India From Space Amid Covid Travel Bans
In a world of Covid travel bans, the Asia Infrastructure Investment Bank has found an unusual way of keeping tabs on major development projects in places like India and Turkey that staff can't visit: tracking progress from space.
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Asian Development Bank Approves $1.5 Billion Loan For India To Buy COVID-19 Vaccines
The Asian Development Bank has approved a USD 1.5 billion (around Rs 11,185 crore) loan to India for COVID-19 vaccine procurement.
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Tajikistan Join Hands With Fantom Foundation, Orienbank for Blockchain-Based Digital Currency
Fantom Foundation has said it has been enlisted by one of Tajikistan's largest banks to develop a central bank digital currency (CBDC), which will eventually be deployed across the central Asian country. Fantom has signed a memorandum of understanding (MoU) with the OJSC Orienbank, making it one of the first blockchain projects globally to develop ...
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Asian Development Bank's $150 Million Loan For Tamil Nadu's Housing Project
Multilateral funding agency Asian Development Bank has approved a USD 150 million (about Rs 1,095 crore) loan for a sustainable housing project for the urban poor in Tamil Nadu.
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Asian Development Bank's $484 Million Loan For Chennai-Kanyakumari Industrial Corridor
An agreement has been signed between the Asian Development Bank (ADB) and the government, an official release on Wednesday.
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Centre To Borrow Over Rs 2,200 Crore From Development Bank For Assam Projects
The Centre on Tuesday signed an agreement with Asian Infrastructure Investment Bank (AIIB) for borrowing $304 million (over Rs 2,200 crore) to improve power transmission network in Assam.
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On Chinese Firm Winning Delhi-Meerut Rapid Rail Project, An Asian Development Bank Angle
A Chinese firm has won a contract for the Delhi-Ghaziabad-Meerut Rapid Rail Transit System Corridor -- a first in the months since the stand-off between the two nations in Ladakh. Government sources said the project is funded by the Asian Development Bank, whose guidelines clearly mention that vendors from all member countries are eligible to parti...
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India Red-Flags $800 Million Asian Development Bank Aid Package To Pakistan
India has expressed deep concerns over the potential misuse of the $800 million ADB aid package to Pakistan as the country is increasing its defence expenditure, despite the poor fiscal position.
-
Asian Development Bank Chief Pledges $10 Billion For India's Urban Infrastructure
Prime Minister Narendra Modi on Sunday took to X to share a picture of meeting with the Asian Development Bank (ADB) president Masato Kanda at his official residence.
-
"Not True": Centre Rejects Reports On Minister-ADB Chief Talks On Pak
The Finance Ministry this evening denied media reports that claimed Union Finance Minister Nirmala Sitharaman discussed issues related to Pakistan with Asian Development Bank chief Masato Kanda, and her Italian counterpart Giancarlo Giogetti.
-
This Country Has Highest Living Cost In All Of Asia. Inflation Rate At 25%
This country has the highest living cost in all of Asia with a 25 per cent inflation rate and its economy may grow at the fourth lowest pace of 1.9 per cent in the region, according to a new Asian Development Bank (ADB) report.
-
Asian Development Bank Raises India's Growth Forecast To 7%
The Asian Development Bank (ADB) on Thursday raised India's GDP growth forecast for the current fiscal to 7 per cent, from 6.7 per cent earlier.
-
Centre To Give Funds For Computerisation Of All State, UT Cooperatives
In a historic decision and for the first time, registrar of cooperatives of States and Union Territories (UTs) and Agriculture and Rural Development Banks (ARDBs) are being given funds by the Center for computerisation, Ministry of Cooperation said.
-
Pakistan to Get CBDC by 2025, State Bank of Pakistan Commits to Adopt Blockchain Technology
Pakistan is accelerating efforts to roll-out its CBDC in the next two years, by 2025. The development was confirmed by the nation’s finance minister, Asad Umar. The State Bank of Pakistan (SBP) has called the country’s initiative to test its CBDC has been called a ‘testament’ to the nation’s openness towards newer technologies.
-
Russia-Ukraine War Threatens India's Economic Recovery: RBI Deputy Governor
The ongoing geopolitical developments in Ukraine have challenged India's economic prospects, thereby darkening the country's outlook and making it highly uncertain, said the Reserve Bank of India's Deputy Governor Michael Patra.
-
Asian Bank Tracks Projects In India From Space Amid Covid Travel Bans
In a world of Covid travel bans, the Asia Infrastructure Investment Bank has found an unusual way of keeping tabs on major development projects in places like India and Turkey that staff can't visit: tracking progress from space.
-
Asian Development Bank Approves $1.5 Billion Loan For India To Buy COVID-19 Vaccines
The Asian Development Bank has approved a USD 1.5 billion (around Rs 11,185 crore) loan to India for COVID-19 vaccine procurement.
-
Tajikistan Join Hands With Fantom Foundation, Orienbank for Blockchain-Based Digital Currency
Fantom Foundation has said it has been enlisted by one of Tajikistan's largest banks to develop a central bank digital currency (CBDC), which will eventually be deployed across the central Asian country. Fantom has signed a memorandum of understanding (MoU) with the OJSC Orienbank, making it one of the first blockchain projects globally to develop ...
-
Asian Development Bank's $150 Million Loan For Tamil Nadu's Housing Project
Multilateral funding agency Asian Development Bank has approved a USD 150 million (about Rs 1,095 crore) loan for a sustainable housing project for the urban poor in Tamil Nadu.
-
Asian Development Bank's $484 Million Loan For Chennai-Kanyakumari Industrial Corridor
An agreement has been signed between the Asian Development Bank (ADB) and the government, an official release on Wednesday.
-
Centre To Borrow Over Rs 2,200 Crore From Development Bank For Assam Projects
The Centre on Tuesday signed an agreement with Asian Infrastructure Investment Bank (AIIB) for borrowing $304 million (over Rs 2,200 crore) to improve power transmission network in Assam.
-
On Chinese Firm Winning Delhi-Meerut Rapid Rail Project, An Asian Development Bank Angle
A Chinese firm has won a contract for the Delhi-Ghaziabad-Meerut Rapid Rail Transit System Corridor -- a first in the months since the stand-off between the two nations in Ladakh. Government sources said the project is funded by the Asian Development Bank, whose guidelines clearly mention that vendors from all member countries are eligible to parti...
