Asian Development Bank (ADB) Current Affairs, GK & News
IMF World Economic Outlook- Update
India’s economic growth forecast has been reduced from 8.2% to 7.4%. The International Monetary Fund (IMF) released India’s growth prediction in its World Economic Outlook on July 26, 2022. Key Findings of the IMF’s Outlook: India’s economic growth forecast was estimated to be 8.2% in April. IMF reduced the estimate to 7.4% due to vulnerability ..
Month: Current Affairs - July, 2022
Category: Economy & Banking Current Affairs - 2022 • Reports & Indexes Current Affairs
Topics: Asian Development Bank (ADB) • Fastest Growing Economy • Global Growth Forecast • IMF • IMF World Economic Outlook • International Monetary Fund (IMF) • Reserve Bank of India (RBI)
ADB to provide USD 350 million to improve access to urban services in India
The Asian Development Bank (ADB) is set to provide USD 350 million loan for improving access to urban services across India. Key Points Access to urban services will be improved: By accelerating policy actions and reforms of enhancing service delivery and By promoting performance-based central fiscal transfers to urban local bodies (ULBs). ADB will also provide knowledge and ..
Month: Current Affairs - December, 2021
Category: Economy & Banking Current Affairs - 2022 • International Current Affairs • States Current Affairs
Topics: Asian Development Bank (ADB) • India ADB loan agreement • Skill University in Assam • Urban local bodies (ULBs)
Asian Development Outlook report- Update
On December 14, 2021, the Asian Development Bank released its Asian Development Outlook Report and reduced its growth forecasts for developing Asia for year 2021. Key Points This move came in line with the uncertainty that new Omicron coronavirus variant has brought. ADB now sees 2021 gross domestic product (GDP) growth of 7.0% for developing ..
Month: Current Affairs - December, 2021
Category: Economy & Banking Current Affairs - 2022 • Reports & Indexes Current Affairs
Topics: Asian Development Bank (ADB) • Asian Development Outlook report- Update • COVID-19 • Economic growth
India-ADB sign USD 300 million loan to improve healthcare access in urban areas
Indian government and Asian Development Bank (ADB) signed a loan agreement of 300 million U.S. dollars in order to improve primary health care in urban areas. Highlights This agreement was signed by Rajat Kumar Mishra, who is a senior official of the department of economic affairs and Takeo Konishi who is country director of ADB ..
Month: Current Affairs - November, 2021
Category: International Current Affairs
Topics: Asian Development Bank (ADB) • India-ADB • India-ADB sign loan to improve primary healthcare • UPSC
Govt and ADB sign $61 million loan for development of Agartala
Indian government and Asian Development Bank (ADB) signed a loan agreement of $61 million in order to improve liveability, promote new developments and harness technology. Key Facts The loan agreement will help in accommodating the expanding population in Agartala city. It will also build capacity of state agencies for improved service delivery. Agartala City Urban ..
Month: Current Affairs - November, 2021
Category: States Current Affairs
Topics: Agartala City Urban Development Project • Asian Development Bank (ADB) • Development of Agartala City • India-ADB
India applies for vaccine loans from ADB & AIIB
India applied for a $2 billion loan from Asian Development Bank (ADB) and Asian Infrastructure Investment Bank (AIIB) to purchase about 700 million Covid-19 vaccines. Highlights India applied for the loan as it seeks to boost immunisation rate of eligible population here. This application was meant to leverage India’s membership of the multilateral financing institutions ..
Month: Current Affairs - October, 2021
Category: Economy & Banking Current Affairs - 2022 • International Current Affairs
Topics: Asia Pacific Vaccine Access Facility (APVAX) • Asian Development Bank (ADB) • Asian Infrastructure Investment Bank (AIIB) • COVID-19 vaccine • India ADB loan agreement • India AIIB loan agreement