The rural co-operative credit sector in the country is set to get a boost with $1 billion loan from the Asian Development Bank to the centre.
The Chinese yuan has the potential to be an alternative to the US dollar and help create a multi-currency global reserve system, says an Asian Development Bank report.
The observations are a part of the recently released edition of Asia Bond Monitor, a semiannual publication, which includes a theme chapter on Indian bond market. Lee said that securitization has a long history in India but the development has been slow and limted to a few asset types.
India and Pakistan may require more than two pipeline schemes for importing gas from countries like Iran, Turkmenistan
'I am optimistic about the Budget because of the fiscal discipline the government has committed to.'
A Dubai government supported company has awarded a sub-contract to India-based Larsen and Toubro for constructing a 108 million Dirham convention centre in Hyderabad.
Asian Development Bank and Reserve Bank on Thursday advocated that India should go in for a free trade agreement with China and five other nations in the Mekong region to sustain high growth.
The government will privately place two bonds totalling Rs 130 billion with the central bank to fund prepayment of $2.97 billion in foreign currency loans, the Reserve Bank of India said on Monday.
India has managed to move a smaller share of its working-age population away from farm-related work than many of its neighbours. Bangladesh, Bhutan, Sri Lanka and Nepal managed to shift a bigger share of jobs to non-agricultural work than India, shows data from the year 2000 to 2023 the compiled from the World Bank's April South Asia Development Update report. Only Pakistan and the Maldives show a lower shift among South Asian peers.
Jammu and Kashmir will receive 'liberal financial support' for modernisation projects from the Asian Development Bank, the government said on Thursday.
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Adani Ports, NTPC, Infosys, Hindustan Unilever, HCL Technologies and Sun Pharma were among the other big gainers. However, Larsen & Toubro, Bajaj Finance, State Bank of India, Axis Bank and HDFC Bank were amonh the major laggards.
Highlighting India Inc's drive for fresh investments, FICCI on Thursday called for the revival of development finance institutions by allowing agencies like IFC and ADB to play strategic roles in DFIs.
The multilateral lending agency holds 3.9 crore (Rs 39 million) shares in Petronet LNG, which at today's trading price of Rs 114.85 is worth Rs 448 crore (Rs 4.48 billion).
The government will privately place bonds with the Reserve Bank of India to raise funds to repay some of its foreign debt ahead of schedule, a top central banker said on Thursday.
Multilateral lending agency Asian Development Bank said on Thursday it is likely to revise upwards by the September-end India's growth and inflation forecast, which is 8.2 per cent and 5 per cent respectively for the current fiscal.
India offers a better chance than China to investors to pump money into non-performing assets restructuring as it has a better environment for recovery, according to consulting firm PricewaterhouseCoopers.
This will be External Affairs Minister K Natwar Singh's first visit to Pakistan after assuming office.
Asian Development Bank on Thursday pegged India's economic growth at 7.4 per cent for 2004 and said high growth is likely to be sustained in medium term.
China said it has suspended the project due to security concerns from a third party.
While the economy seems to be on a firm growth path, the fight against inflation is not over yet. Shaktikanta Das seems to be in no hurry. After playing well through a five-year Test match, he doesn't want to get out hit wicket, observes Tamal Bandyopadhyay.
The adverse impact of the rupee appreciation has gone beyond exports. The currency's climb is now affecting government infrastructure projects funded by multilateral lending agency such as the Asian Development Bank (ADB).
Asian Development Bank on Wednesday called India's target of eight per cent annual economic growth "ambitious".
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.
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.
The government on Friday appointed noted economist Arvind Virmani as the new chief economic advisor in finance ministry.
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.
