Asian Development Bank: GK, Current Affairs, Questions, Trivia and News

USD 250 million loan signed with ADB

The Government of India has signed a USD 250 million loan with the Asian Development Bank (ADB) for expanding the energy efficiency investments in the country. The loan amount will be utilized by the Government of India’s, world’s largest public Energy Service Company(ESCO), Energy Efficiency Services Limited(EESL) that will benefit agricultural, institutional and residential consumers. ..

USD 206 Million loan agreement signed with ADB for Strengthening Urban Services in Tamil Nadu

The Government of India and the Asian Development Bank (ADB) has signed a USD 206 million loan deal on Monday, 2nd December 2019 for developing sewage infrastructure and water supply in 5 cities of Tamil Nadu. For improving the service delivery, the loan deal will further work on strengthening the capacities of the urban local ..

Appointments made on 2nd December 2019

Lieutenant General Podali Shankar Rajeshwar, took over as the Commander-in-Chief of the Andaman and Nicobar Command (CINCAN) on Monday, 2nd December 2019. Lt Gen Rajeshwar is a graduate of the Indian Military Academy (IMA). In December 1980, he was commissioned into the Regiment of Artillery. He had taken part in Operation Rakshak and Operation Meghdoot ..

GoI and ADB sign USD 451 Million Loan Agreement to Strengthen Power Connectivity in Tamil Nadu

The Asian Development Bank (ADB) and the Government of India (GoI) have signed a USD 451 Million(approx Rs 3,200 crore) Loan Agreement for strengthening the power connectivity between the northern and the southern parts of the Chennai-Kanyakumari Industrial Corridor (CKIC). CKIC will also build an operational capacity for Tamil Nadu Transmission Corporation(TANTRANSCO), for which ADB ..

ADB lowers India’s growth by 40 basis points to 7.2% in fiscal year 2019-20

Asian Development Bank (ADB) has recently released its flagship publication Asian Development Outlook 2019. In its report, ADB has lowered India’s growth by 40 basis points to 7.2% in fiscal year 2019-20. Still, it will be fastest growing economy in the world. The report mentioned that recent policy measures by the Government of India (GoI) ..

Union Government signs a $300 million loan pact with ADB to boost infra funding by IIFCL

In New Delhi, the Government of India (GoI) has signed a $300 million loan agreement with Asian Development Bank (ADB) to support India Infrastructure Finance Company Ltd (IIFCL) that provides long-term finance to infrastructure projects. The move is expected to enhance the availability of long-term finance for Public-Private Partnership (PPP) projects, improve operational capacity of ..

New delhi hosts 2018 South Asian Regional Conference on Urban Infrastructure

The South Asian Regional Conference on “Urban Infrastructure: New Approaches to Public & Private Partnerships and Municipal Finance Innovations” was held at Pravasi Bharatiya Kendra in New Delhi from November 15-16, 2018. It was organised by NITI Aayog in partnership with the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) and ..

ADB approves $352 million amount for lining project of Son canal in Shahabad – Bhojpur region of Bihar

The Asian Development Bank (ADB) has approved Lining Project of Son Canal in Shahbad-Bhojpur region of Bihar, which would benefit the agriculture sector immensely in the region. The estimated cost of this project is USD $503 million out of which US $352 million is being provided by ADB. This project on completion will bring immense ..