The government of India has prepaid a portion of foreign currency loans of Asian Development Bank amounting to yen 123.11 billion (Rs 5,294.84 crore)
Asian Development Bank has sanctioned $313.6 million for various railway projects in the country, while the World Bank has provided $463 million for an urban transport project.
The Union government has engaged the Asian Development Bank to provide technical assistance in implementing the new pension scheme for the unorganised sector.
The Asian Development Bank will give a $20-million technical assistance loan to India for carrying out reforms in the judicial system.
When Vineet Mittal first got into solar power, sometime around 2009, and was planting solar panels in Gujarat, renewable energy looked like a sector ripe for startups. Renewables were clearly the future of energy, and the big boys - Mukesh Ambani's Reliance, Adani Group, and the Tatas - were focusing much more on coal and petroleum. Little did Mittal know that things were going to change drastically.
The government on Friday appointed noted economist Arvind Virmani as the new chief economic advisor in finance ministry.
The government on Wednesday said it was planning to prepay over $2.9 billion costly foreign loans this fiscal, which would be funded through domestic market borrowing.
This move plus aggressive border violations by China has prompted the Indian Army to deploy extra troops and fighter jets in the area as a counter measures.
The government plans to prepay Rs 5,188 crore (Rs 51.88 billion) worth of high cost debts of Asian Development Bank in the current fiscal, after having prepaid Rs 6,378 crore (Rs 63.78 billion) to the World Bank a few days back.
R H Patil was on Thursday appointed chairman of UTI Asset Management Company, the country's largest mutual fund.\n\n
India will receive $9.2 billion Asian Development Bank loan during 2008-10 for 31 projects in sectors like energy, transport and financial services, Finance Minister P Chidambaram said on Wednesday.
Asian Development Bank on Monday said India needs to increase investment rate and improve productivity on a massive scale if its economy was to expand beyond 7-8 per cent.
India's economic growth is likely to slow down to 6.5 per cent this fiscal and to 6 per cent in the subsequent year mainly due to high oil prices, which reactivated inflation, the Asian Development Bank said on Wednesday.
India on Monday said it will meet Pakistan next week to resolve issues, such as transit fee, impeding progress on the over $7 billion Iran-Pakistan-India gas pipeline project, even as it gets formally inducted in a rival line from Turkmenistan.
After GAIL, Indian Oil Corp has expressed interest in buying out Asian Development Bank's 5.2 per cent stake in Petronet LNG Ltd, company chairman Sarthak Behuria said. However, if the state-run promoters of Petronet are not allowed to raise stake in the company for fear of it becoming a public sector unit, Behuria suggested selling ADB's shareholding to the public.
Jain was the architect of Deutsche's investment banking business and placed one of his former trading heads, Alan Cloete, in Hong Kong as co-CEO for Asia Pacific in 2012.
Two days after five Chinese nationals were killed in a suicide attack at a hydropower project in Khyber Pakhtunkhwa in Pakistan, a Chinese company has suspended civil works and laid off hundreds of workers at another hydropower project in the same restive province, according to media reports on Thursday.
The still lingering global financial turmoil could push as many as 21 million more people into extreme poverty in the Asia-Pacific region, a joint report by the United Nations and Asian Development Bank said.
The Asian Development Bank approved a $200 million loan to support fiscal reforms and social development in Kerala, its first aid to the southern Indian state, the multilateral lending agency said on Tuesday.
In the current financial year, TPC has planned capital expenditure of Rs 2,670 crore for their projects in Trombay, Haldia and in adding capacity to their wind power and digiset generating systems.
Bangladesh government has agreed in principle to construct a 30-km pipeline for supplying gas to the Tata Group's proposed fertiliser plant in Chittagong.
Asian Development Bank is working on a grand plan to link Kabul with Bangkok and Hanoi through India as a part of its goal to link Asia.
Nepal's Prime Minister Sher Bahadur Deuba on Monday inaugurated the country's second international airport built by China that will help connect Lumbini, the birthplace of Lord Buddha and a major tourist and pilgrimage destination, to Buddhist circuits in South Asia as well as to the rest of the world.
The two-day ministerial meeting of Afghanistan, Pakistan and Turkmenistan to formally invite Indian participation in the transnational pipeline project originating from Dauletabad fields in Turkmenistan was cancelled.
Afghanistan, Pakistan and Turkmenistan will meet in Manila on Tuesday to formally invite Indian participation in the transnational pipeline project originating from Dauletabad fields in Turkmenistan.
The Asian Development Bank is all set to enter the Indian capital market with a bond issue to raise upto Rs 100 million (Rs 10 crore) as it has obtained the Reserve Bank of India's and ministry of finance's approval.
Asian Development Bank on Monday warned that job reservation in private sector could lead to swift flight of skilled labour from India.
The minister would be accompanied by Finance Secretary Arvind Mayaram and other finance ministry officials.
Asian Development Bank on Friday said India can sustain 8 per cent economic growth but asked government to improve infrastructure and carry forward reforms to attain a higher growth of 9-10 per cent.
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