Asian Development Bank (ADB) Current Affairs, GK & News

ADB cuts India’s Growth Forecast to 10%

The Asian Development Bank (ADP) has reduced its forecast for India’s GDP growth to 10 percent in 2021-22, from 11 percent it projected earlier. Key Points GDP growth was reduced as the downside risks were dominating the economic outlook. ADB also noted that, rising input costs is increasing the inflation to a faster pace of ..

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India-ADB deal to improve urban water supply infrastructure in Jharkhand

Government of India and Asian Development Bank (ADB) signed a $112 million loan in order to develop water supply infrastructure in the state of Jharkhand. Key facts The loan will also strengthen capacities of urban local bodies (ULBs) in order to improve service delivery in four towns of Jharkhand. This project is in line with ..

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India-ADB sign loan to expand Rural Connectivity in Maharashtra

Indian government and the Asian Development Bank (ADB) signed a 300-million-dollar loan on September 8, 2021 to expand rural connectivity in Maharashtra. Highlights Loan agreement was signed as additional financing in order to scale up improvement of rural connectivity. Additional financing for the “Maharashtra Rural Connectivity Improvement Project” will help in improving additional 1,100 rural ..

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ADB approves $150 million loan for T.N. urban poor housing project

On September 3, 2021, Asian Development Bank (ADB) approved a $150 million loan for Tamil Nadu Urban Poor Housing Project. Key Points According to ADB, Tamil Nadu is vital for the economic growth of India. It is currently contributing 8.54 per cent to the Gross Domestic Product (GDP). Economic opportunities in the state have boosted ..

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ADB report: Covid-19 pushes 80 million people in Asia into Extreme Poverty

According to a new report titled “Key Indicators for Asia and the Pacific 2021” released by Asian Development Bank (ADB), COVID-19 pandemic has pushed an estimated 75 million to 80 million people in developing Asia into extreme poverty as compared to what would have happened without COVID-19. Key findings of report According to the report, ..

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