Page-3 of ADB Current Affairs, GK & News

India and ADB sign 91 million USD to improve water resources in Karnataka

On November 18, 2019, India and the Asian Development Bank (ADB) signed a 91 million USD agreement to improve water security of Karnataka. The loan will help to modernize the Vijayanagara Channel irrigation systems and also to increase the efficiency of Krishna river basin. Highlights of the project The Karnataka Government will strengthen the basin ..

Month: 

Topics: 

ADB to give $451Mn for Chennai-Kanyakumari Industrial Corridor power links 

The Asian Development Bank will provide a $451 million (appx. Rs.3,200 crore) loan to strengthen power connectivity between southern and northern parts of Chennai-Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu. As per ADB, the Manila-headquartered multilateral agency the total cost of the project is $653.5 million, of which the government will provide $202.5 million. About ..

Month: 

Category: 

Topics: 

India ADB sign 190 million USD loan

On 12 October, 2019, the GoI signed a 190 million USD loan with the Asian Development Bank (ADB) to upgrade road transport in the state of Rajasthan. The project includes upgrading of 754 km of state highways, major district roads to two lane. The project will benefit 26 million people in 14 districts of Rajasthan. ..

Month: 

Topics: 

ADB to finance Railways Track Electrification Project in India

The Asian Development Bank (ADB) has signed an agreement to electrify railway tracks in India under Railways Track Electrification Project. As per agreement ADB will provide $750 million (equivalent in Indian Rupee) long-term financing to Indian Railway Finance Corporation (IRFC). About ADB Loan Agreement It is the largest single non-sovereign loan ever committed by ADB ..

Month: 

Category: 

Topics: 

ADB cuts India growth forecast to 7.2% for 2019-20

The Asian Development Bank (ADB) in the recent Asian Development Outlook report has made the following observations in the forecast for the financial year 2019-20: India’s growth forecast was lowered for 2019-20 to 7.2% from 7.6% estimated earlier due to moderation in global demand and likely shortfall in revenue on the domestic front. Despite the downgrade in ..

Month: 

Category: 

Topics: