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Thursday, April 09, 2020

Asian Development Bank

ASIAN DEVELOPMENT BANK NEWS

Global cost of coronavirus may reach $4.1 trillion, says ADB

April 03, 2020 11:57 am

A shorter containment period could limit the damage to $2 trillion, or 2.3 per cent of world output, the Manila-based lender said in its Asian Development Outlook report released Friday.

Asian Development Bank to invest $100 million in Indian infrastructure sector via NIIF

March 30, 2020 11:33 am

The investment announcement comes at a critical time for India, as the already sagging economic growth is feared to be taking a heavy hit due to the coronavirus pandemic.

Tourism project in Himachal hills scales new high, brings jobs, visitors

January 19, 2020 6:57 am

The Community-Based tourism project is the brainchild of Ankit Sood, 46, a former professor of tourism at the government college in Kullu who first pitched the idea to a visiting team from the Bank.

ADB trims India's GDP growth forecast to 5.1% in FY20

December 11, 2019 12:41 pm

ADB said growth should pick up to 6.5 per cent in the next fiscal year with supportive policies.

In economic growth, Bangladesh leads S Asian pack, says ADB

October 04, 2019 6:29 am

Since 2016, Bangladesh has been growing at 7%-plus every year, and its growth is likely to cross the 8% mark both in this and the coming year, according to the report.

ADB lowers India’s growth projection for FY20 to 7.2 per cent

April 04, 2019 1:14 am

This growth will reverse two years of declining trend as reforms to improve the business and investment climate take effect, the ADO said.

Electric vehicle infra policy soon; individual can set up charging station for commercial use: R K Singh

November 11, 2018 9:41 pm

EV charging infrastructure is required to boost EVs in the country. India intends to have a sizeable share of EVs in the vehicle strength by 2030, which is in line with its commitment to reduce emission intensity by one third from the level of 2005.

Rs 8 Crore Restoration: Shimla Town Hall comes alive again

August 04, 2018 12:44 am

State tourism department, which had taken the task of conservation in its hand with funding from Asian Development Bank, says this is a gift to the citizens and going to be an attraction for tourists taking an evening stroll on the Mall Road.

Need policies to shield workers from job losses due to newer technologies: ADB President

May 03, 2018 5:00 pm

The Asian Development Bank (ADB) is formulating its long-term 'strategy 2030' to deal with climate change and gender issues as well as the impact of technology on jobs. The strategy paper would be discussed by the bank's board later this week.

India to grow at 7.3 per cent in 2018-19, says Asian Development Bank

April 12, 2018 1:44 am

The Indian economy grew 6.6 per cent in the last fiscal due to lingering effects of demonetisation in 2016, businesses adjusting to goods and services tax (GST) in 2017, and a subdued agriculture.