Tata Power inks pact with ADB for green projects worth $4.25 billion
Tata Power and the Asian Development Bank (ADB) have signed an MoU, coinciding with the ongoing Climate Conference (COP29) at Baku, Azerbaijan
Tata Power and the Asian Development Bank (ADB) have signed an MoU, coinciding with the ongoing Climate Conference (COP29) at Baku, Azerbaijan
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.
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.
About 400 million people working in the informal economy in India are at risk of falling deeper into poverty due to the coronavirus crisis the UN’s labour body warned in its recent report.
The financial support will be given to selected companies within weeks via ADB's Supply Chain Finance Program.
Further, it has also cut the estimate for the next fiscal, FY 2020-21 to 6.5 per cent from 7.2 per cent.
"The ADB would give 80 per cent of the amount as grant-in-aid and the Tripura Government would have to repay back only 20 per cent loan in due course of time."
