Asian Development Bank Current Affairs, GK & News

Asian Development Bank  Current Affairs, GK & News

ADB Loan for Meghalaya Power Distribution Sector

The Government of India recently signed 133 million USD loan Agreement with the Asian Development Bank. Agreement was signed to strengthen the power distribution sector in the state of Meghalaya. Also, the loan is to be supplemented with a 2 million USD grant from the Asian Development Bank Japan fund for poverty reduction. This fund ..

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India-ADB sign 177 million USD to develop roadways

On October 19, 2020, the Government of India and the Asian Development Bank (ADB) signed an agreement of 177 million USD to upgrade 450 km of district roads and state highways in the state of Maharashtra. Highlights The loan agreement was signed between the Department of Economic Affairs operating under Ministry of Finance, Maharashtra State ..

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ADB: Asian Economy to shrink for First Time since 1960s

The Asian Development Bank have predicted that the Asian economy will shrink for the first time since the early 1960s amid the COVID-19 Pandemic. The report states that downfall in the level of growth will continue until the next year. Background The Development bank had earlier in June 2020 predicted that the Gross Domestic Product ..

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ADB provides loan for Delhi-Meerut RRTS Corridor

To build a high-speed 82-km Delhi-Meerut regional rapid transit system (RRTS) corridor, India and Asian Development Bank (ADB) signed a 500-million-dollar loan on September 8, 2020. This will improve regional connectivity and mobility in the Delhi-NCR region. The corridor connects Sarai Kale Khan, Delhi to Modipuram, Meerut. The corridor will reduce the journey time to one hour ..

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ILO-ADB report: concern expressed on job loss of 41 lakh youth in India amid the Covid-19 pandemic

The joint report of the International Labour Organization and the Asian Development Bank titled ‘Tackling the COVID-19 youth employment crisis in Asia and the Pacific’ apprehended that the COVID-19 pandemic may hit with a job loss of 41 lakh youth in India. The report also added that a major percentage of job loss will be ..

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