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ADB CORONAVIRUS INDIA
India to grow at 7.5% in FY23 on strong investment, to rise to 8% next fiscal: ADBAsian Development Bank Outlook 2022 said that India's growth in the next fiscal year 2023-24 will accelerate further to 8 per cent, though ...
ADB projects India's economy to grow by 7.5% in FY23Releasing its flagship Asian Development Outlook (ADO) 2022, the Manila-based multi-lateral funding agency said the growth in South Asia is...
ADB lends record USD 4.6 bn loans to India in 2021Of the COVID-19-related assistance, USD 1.5 billion was towards vaccine procurement and USD 300 million to strengthen primary health care i...
ADB approves Rs 3,752 cr funding to govt for enhancing quality of school educationADB has approved USD 500 million (about Rs 3,752 crore) loan to help the government of India improve the quality of the country's school ed...
ADB approves $1.5 bn loan to India for purchasing COVID-19 vaccinesThe Asian Development Bank has approved a USD 1.5 billion (around Rs 11,185 crore) loan to India for COVID-19 vaccine procurement. "ADB tod...
India, ADB sign USD 300 bn loan to improve access to healthcare in urban areas of 13 statesAs per an official release by the Ministry of Finance, "Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs in the Min...
Asian Development Bank cuts India’s GDP growth forecast to 10 percent for FY21"The forecast, for the 12 months ending 31 March 2022, takes into account disruptions in economic activity caused by the second COVID-19 pa...
ADB cuts India's FY22 economic growth forecast to 10%; inflation seen rising marginally to 5.5%India's GDP growth recovered to 1.6 per cent in the last quarter of fiscal year ended March 2021, narrowing contraction in the whole fiscal...
Fiscal stimulus, faster bank recapitalisation needed to return to 7 pc growth rate: PanagariyaThe government had in May announced a nearly Rs 21 lakh crore stimulus package to help the nation tide over the economic crisis induced by ...
ADB expects India's economy to contract by 9% in FY2020-21, sees strong recovery in FY22India's growth outlook remains highly vulnerable to either a prolonged outbreak or a resurgence of cases, with the country now having one o...
Asia’s coronavirus-battered economy will shrink for the first time since the early 1960sChina will buck the trend and is forecast to expand 1.8% this year -- unchanged from June’s projection -- as successful public health measu...
President Ram Nath Kovind accepts Ashok Lavasa's resignation as ECPresident Ram Nath Kovind has accepted the resignation of Ashok Lavasa as Election Commissioner, a notification by the Ministry of Law and ...
Ashok Lavasa resigns as Election Commissioner; to join ADB as vice presidentLavasa, the sources said, has sent his resignation to Rashtrapati Bhavan and has requested to be relieved on August 31.
Asia-Pacific may see $31.4-54.3 bn remittance losses due to COVID-19: Asian Development BankThe countries likely to face more severe effects from the pandemic-induced decline in remittance inflows are the ones where remittance shar...
Developing Asia to "barely grow" in 2020; India's GDP to contract by 4% this fiscal: ADBDeveloping Asia will barely grow in 2020, as containment measures to address the coronavirus disease (COVID-19) pandemic is expected to ham...
ADB assures $2.2 billion support package to India for COVID-19 responseADB President Masatsugu Asakawa commended government's $23 bn relief package to help the poor.
ADB expects India GDP to slip to 4 pc in 2020-21; projects strong recovery next fiscalIndia's economic growth for 2019-20 has been estimated at 5 per cent by the National Statistics Office (NSO). The Manila-headquartered agen...
Latest on Covid: A million infected globally & 50,000 dead; a likely 30-year low for Indian economyThe global Covid-19 tally has gone well past a million now and casualties are well over 50,000. In view of the deepening crisis, the World ...
ArcelorMittal fears sales, profitability getting impacted in 2020 on coronavirus spreadThe Luxembourg-headquartered company is the world's largest steel producer with steel-making operations in 18 countries on four continents,...
Coronavirus could cut global growth by 0.1% to 0.4%: ADBThe Asian Development Bank (ADB) on Friday said the COVID-19 could reduce global gross domestic product (GDP) by 0.1-0.4%, with financial l...