Page-7 of Asian Development Bank (ADB)

Empowered Group constituted to coordinate COVID-19 related Response Activities

April 6, 2020

On April 5, 2020, the Government of India constituted an empowered group under the chairmanship of NITI Aayog CEO Amitabh Kant. The group will coordinate with NGOs, private sector and international organizations for COVID-19 related response activities. Highlights The Group ..

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India seeks 6 billion USD loans from ADB, AIIB

April 4, 2020

The World Bank has funded 1 billion USD to India to fight against COVID-19. With the COVID-19 cases increasing further, India seeks 6 billion USD from ADB and AIIB Highlights The Indian Economy is to take a major hit with ..

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Asian Development Bank to invest 100 million USD in NIIF

March 30, 2020

On March 30, 2020, the Asian Development Bank announced that it is to invest 100 million USD in National Investment and Infrastructure Fund (NIIF). The investment during an economic slow down is a great boost for the Indian Economy. NIIF ..

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Motor Vehicles Act: 10% reduction of road accidents in 5 months

March 16, 2020

On March 16, 2020, the Minister of Transport Nithin Gadkari informed Rajya Sabha that there has been 10% decrease in road accidents since the passage of Motors Vehicles Act. Highlights During the Question Hour, the minister replied that India has ..

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ADB to finance Railways Track Electrification Project in India

May 24, 2019

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). ..

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ADB commits USD 10 billion to support development of States in India

June 30, 2017

The Asian Development Bank has committed USD 10 billion to support infrastructure building and to cater to the immediate development needs of less-developed States in India. This has been stated by ADB President Takehiko Nakao during his 3-day visit to India. Salient ..

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