Asian Development Bank: News
10 Dec 2020India
The Indian economy will contract at a slower pace in FY21, the Asian Development Bank (ADB) predicted on Thursday. Revising India's growth for the aforementioned period, the bank said the economy will contract by 8%, a minimal improvement from the earlier de-growth estimate of 9%.
23 Aug 2019Pakistan News
In a big setback for Pakistan, the Asia Pacific division of global terror watchdog Financial Action Task Force (FATF) has put the country on its blacklist over its failure to curb terror financing.
20 Jun 2019Pakistan News
After Indian cricket team thrashed Pakistan to register an important win in the ongoing World Cup tournament, social media was abuzz with reactions.
13 Apr 2019Pakistan News
Pakistan Prime Minister Imran Khan's recent statement promising an end of support to terror groups does not reflect a change of policy and is motivated by the fear of getting blacklisted by the global terror-financing watchdog FATF, the country's former envoy to the US, Husain Haqqani, has said.
22 Mar 2019Pakistan News
Cash-strapped Pakistan will receive over $2 billion loan from its "all-weather" ally China by Monday to provide a boost to its ailing economy, the former's Finance Ministry has announced.
26 Sep 2018India
India's economy continues on a robust growth path, the Asian Development Bank (ADB) said today while maintaining the growth forecast for the current fiscal at 7.3%.
09 Sep 2018India
India has made tremendous progress under PM Modi in last four years and the entire world is now looking towards the country, Vice President Venkaiah Naidu told a gathering of Telugu Americans in Chicago.
06 Aug 2018Karnataka
The government is trying to start work on five river inter-linking projects in the current fiscal and secure financial assistance from World Bank and Asian Development Bank for the Rs. 2 lakh crore project, Union Minister Nitin Gadkari said.
19 Jul 2018India
South Asia continues to be the fastest growing sub-region, led by India, whose economy is on track to meet the fiscal year 2018 projected growth of 7.3% and further accelerating to 7.6% in 2019, as measures taken to strengthen the banking system and tax reform boost investment, Asian Development Bank (ADB) said.
06 May 2018India
India's projected GDP growth of over 7% for the current fiscal is "amazingly fast" and if this momentum is maintained the size of the economy can double within a decade, Asian Development Bank (ADB) Chief Economist Yasuyuki Sawada said.
11 Oct 2017India
The International Monetary Fund (IMF) in its World Economic Outlook (WEO) report trimmed Indian economy's growth forecast to 6.7% from earlier 7.1% citing the disruptions caused by government's decisions of demonetization and introduction of good and services tax (GST).
01 Aug 2017NITI Aayog
NITI Aayog Vice Chairman Arvind Panagariya resigned from his post on 1st August. In the next phase, he will return to Columbia University in the US as professor of economics.
16 Apr 2017Delhi High Court
Himachal Chief Minister Virbhadra Singh on Saturday unveiled a new unemployment allowance scheme.
04 Apr 2017India
Finance minister Arun Jaitley said that in the next five years, India would need an investment of Rs. 43 lakh crore to meet its infrastructural-needs.
19 Dec 2016India
Union Minister Nitin Gadkari said the government was exploring if the Mumbai-Goa national highway could be beautified like the Los Angeles and San Francisco roads.
02 Nov 2016India
According to analysts, the target of awarding 25,000kms of road projects set by the Ministry of Road Transport and Highways and the National Highways Authority of India (NHAI) will remain unmet in Fiscal Year '17.
29 Oct 2016Pakistan News
Asian Development Bank (ADB) has refused to provide funding for Pakistan's $14 billion Diamer-Bhasha dam project on Indus river located in Pakistan-Occupied-Kashmir (PoK).
19 Sep 2016India
The Indian government has given the approval for an ambitious $1.04 billion highway connectivity project.
14 Sep 2016India
According to sources, the government plans to build 44 highway stretches spanning 27,000 km, called "economic corridors", to improve inter-city connectivity and freight movement by reducing distance and travel time.