Asian Development Bank Current Affairs - 2019

Category Wise PDF Compilations available at This Link

India, ADB sign $200-million loan agreement for upgrading rural roads in Maharashtra

India and Asian Development Bank (ADB) signed 200-million dollar loan agreement for upgrading rural roads in 34 districts of Maharashtra with the objective of improving road safety and better connecting rural areas with markets and services. The agreement was signed between Sameer Kumar Khare, Additional Secretary, Department of Economic Affairs (DEA) in Union Ministry of Read More…

Month:  Categories: Business, Economy & BankingStates

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ADB to provide $200 Million loan for improving road infrastructure in Maharashtra

Asian Development Bank (ADB) has approved US $200 million loan for Road Infrastructure Improving project in Maharashtra’s 34 districts for better connecting rural areas with markets and services.  The proceeds of loan from ADB will be used for upgrading roads in rural areas of these districts to all-weather standards for boosting links between local residents Read More…

Month:  Categories: Business, Economy & Banking

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ADB cuts India growth forecast to 7.2% for 2019-20

The Asian Development Bank (ADB) in the recent Asian Development Outlook report has made the following observations in the forecast for the financial year 2019-20: India’s growth forecast was lowered for 2019-20 to 7.2% from 7.6% estimated earlier due to moderation in global demand and likely shortfall in revenue on the domestic front. Despite the downgrade in Read More…

Month:  Categories: Business, Economy & Banking

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Govt and ADB sign loan agreement for Mumbai Metro Rail Project

The Government and the Asian Development Bank (ADB) have signed a loan agreement of $926 Million to operationalise two lines for the Mumbai Metro Rail System. This is the single largest Infrastructure Project Loan in ADB history approved by the Asian Development Board. About the Project The loan agreement will fund the lines 2A (Dahisar to D.N. Read More…

Month:  Categories: States

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Godavari-Cauvery link project

The Union Minister for Water Resources, River Development and Ganga Rejuvenation Nitin Gadkari announced that the Centre would soon take up a major project to Link Rivers Godavari and Cauvery. The detailed project report for linking rivers Godavari-Krishna-Pennar-Cauvery has been finalised and will be presented before the cabinet soon for approval. Objectives of the Project Read More…

Month:  Categories: Government Schemes & Projects

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India and ADB sign Loan Agreement of $60 million for Assam

Government of India and Asian Development Bank (ADB) have signed a loan agreement of $60 million for financing project for renovation, protection and community-based flood risk management activities along the Brahmaputra river in Assam. The objective of the program is to enhance the reliability and effectiveness of flood and river bank erosion risk management systems Read More…

Month:  Categories: International

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ADB retains India’s growth forecast at 7.3% for FY19

Asian Development Bank (ADB) in its Outlook Supplement has retained India’s growth forecast at 7.3% for current fiscal (2018-19) and 7.6% in following financial year (2019-20). It held that India is maintaining growth momentum on rebounding exports and higher industrial and agricultural output. Key Facts India saw GDP growth moderate to 7.1% in Q2 of Read More…

Month:  Categories: Business, Economy & Banking

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