Asian Development Bank: News

10 Dec 2020


India's economy will contract at slower pace of 8%: ADB

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 2019

Pakistan News

FATF's Asia Pacific arm blacklists Pakistan for not curbing terror-funding

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 2019

Pakistan News

It's depressing: Pakistan's Chief Justice on World Cup loss, economy

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 2019

Pakistan News

No evidence of Pakistan dismantling terror infrastructure, says ex-envoy Haqqani

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 2019

Pakistan News

Pakistan to receive $2 billion loan from China by Monday

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 2018


India's economy continues on robust growth path: Asian Development Bank

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 2018


Entire world's economy is slowing down, India's is growing: Naidu

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 2018


Govt trying to start 5 river inter-linking projects in FY19

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 2018


India fastest growing economy; on track to meet FY18-target: ADB

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 2018


India's projected growth rate to double economy in 10 years

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 Apr 2018


India to grow 7.3% this fiscal, 7.6% in next: ADB

India's economic growth is expected to rebound to 7.3% this fiscal and further to 7.6% in 2019-20 with increased productivity post-GST and investment revival due to banking reform said the Asian Development Bank (ADB).

17 Nov 2017

Pakistan News

Pakistan says no to Chinese funding on PoK dam

Pakistan occupies a central place in China's schemes for its One-belt One-road (OBOR) initiative.

11 Oct 2017


IMF cuts India's growth forecast, but expects a medium-term recovery

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).

06 Aug 2017

NITI Aayog

Rajiv Kumar becomes NITI Aayog's new VC

Economist Rajiv Kumar has been appointed as NITI Aayog's new vice-chairman by the Centre on Saturday.

01 Aug 2017

NITI Aayog

NITI Aayog Vice Chairman Arvind Panagariya resigns

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.

20 Jun 2017


China to fund Pakistan's dam in PoK under CPEC

Radio Pakistan revealed that China has offered to fund the construction of Diamer-Bhasha dam on the Indus basin in Gilgit-Baltistan under the China Pakistan Economic Corridor.

16 Apr 2017

Delhi High Court

Himachal 70th anniversary: Virbhadra announces new unemployment scheme

Himachal Chief Minister Virbhadra Singh on Saturday unveiled a new unemployment allowance scheme.

04 Apr 2017


India needs Rs. 43 lakh crore to meet infrastructural growth

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 2016


Mumbai-Goa national highway to become like its LA-San Francisco counterpart

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 2016


Road projects targeted for FY17 likely to be unmet

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 2016

Pakistan News

Asian Development Bank declines funding for Pakistan dam

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 2016


India gives nod for $1 billion highway connectivity project

The Indian government has given the approval for an ambitious $1.04 billion highway connectivity project.

14 Sep 2016


Modi Government planning to develop "economic corridors"

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.