Asian Development Bank upgrades India’s GDP growth forecast for FY25 to 7%
ADB citied robust public and private investments and strong services sector for the revised number.
ADB citied robust public and private investments and strong services sector for the revised number.
The Asian Development Bank (ADB) has greenlit a USD 400 million policy-based loan aimed at bolstering urban services in India under Subprogram 2 of the Sustainable Urban Development and Service Delivery Program.
The Asian Development Bank (ADB) on Monday said it has approved a $350 million special policy-based loan to provide budget support to Sri Lanka for the stabilisation of its crisis-hit economy.
Sitharaman is leading an Indian delegation to attend the 56th Annual General Meeting of the Board of Governors of the Asian Development Bank.
In recent years, as Pakistan has hurtled from one catastrophe to another, remittances sent by Pakistani workers living abroad have been a source of some small amount of stability.
Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs in India’s Ministry of Finance, signed for the Government of India, the agreement for Agartala City Urban Development Project while Takeo Konishi, Country Director of ADB’s India Resident Mission signed for ADB.
Of the total loan amount, $300 million has been earmarked as additional financing to scale up the improvement of rural connectivity to help boost rural economy in the state of Maharashtra, according to an ADB note issued by its Senior External Relations Officer Rajesh Kumar Deol here.
The 62-year-old Lavasa was appointed as the Election Commissioner in January 2018 and had yet to serve two more years to complete his tenure.
The project will also focus on training the Maharashtra Public Works Department project staff to build their capacity in climate change adaptation and disaster-resilient features in road design, road maintenance planning and road safety.
The loan amount will focus on immediate priorities such as disease containment and prevention, as well as social protection for the poor and economically vulnerable sections of the society, especially women and disadvantaged groups.
