India-ADB 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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Government inks $85 Million Loan Agreement with ADB for Odisha Skill Development Project

Union Government (Ministry of Finance) and Asian Development Bank (ADB) has signed $85 million loan agreement for Odisha Skill Development Project. It aims to improve the skill development eco-system in Odisha and establish World Skill Center (WSC), an advanced skill training center in state capital Bhubaneswar. Significance of project It will improve quality of State’s Read More…

Month:  Categories: States

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India and ADB sign $200 Million Loan to improve State Highways in Bihar

Union Government has signed $200 million loan agreement with Asian Development Bank (ADB) for Bihar State Highways III Project (BSHP-III). It will finance widening and upgrading of about 230 kms state highways in Bihar to all-weather standards with road safety features. Since 2008, ADB has provided four loans to Bihar amounting to $1.43 billion to Read More…

Month:  Categories: States

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Government inks $105 million loan agreement with ADB for Hydropower Transmission in Himachal Pradesh

Union Government and Asian Development Bank (ADB) have signed $105 million loan to continue financing transmission system upgrades in Himachal Pradesh for increased supply of hydropower to state and national grid. It is third tranche part of $350 million multi-tranche financing facility (MFF) for Himachal Pradesh Clean Energy Transmission Investment Program approved by ADB Board Read More…

Month:  Categories: Environment & Biodiversity

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Government inks $300 million loan agreement with ADB to support IIFCL

Union Government has inked $300 million Loan Agreement with Asian Development Bank (ADB) to support lending by India Infrastructure Finance Company Limited (IIFCL). The loan will enhance availability of long-term finance for PPP projects, improve operational capacity of IIFCL. It will expand portfolio of infrastructure financing instruments available to IIFCL. It is expected to compliment Read More…

Month:  Categories: Business, Economy & Banking

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India and ADB sign $169 Million Loan to Provide Water and Sanitation Services in Tamil Nadu

Union Government has inked $169 Million Loan agreement with Asian Development Bank (ADB) for Tamil Nadu Urban Flagship Investment Program. It is first tranche of $500 million multi-tranche financing to provide water and sanitation services in Tamil Nadu. Tamil Nadu Urban Flagship Investment Program The program will develop climate-resilient sewerage collection and treatment and drainage Read More…

Month:  Categories: Environment & Biodiversity

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India inks $120 Million Loan agreement with to improve Rail Infrastructure

Government has inked $120 million loan agreement with Asian Development Bank (ADB) for completion of projects to improve Rail Infrastructure along high-density corridors and operational efficiency of Indian railways. The loan has 20-year term, including grace period of 5 years and have annual interest rate determined according to ADB’s London interbank offered rate (LIBOR) based Read More…

Month:  Categories: Business, Economy & Banking

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