Page-2 of Asian Development Bank Current Affairs, GK & News

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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USD 1 billion loan approved by ADB for 2025 visioned Delhi-Meerut Rapid transit system

Manila based Asian Development Bank (ADB) approved a total of 1 billion  USD  loan to provide assistance for the construction of modern, high-speed Delhi-Meerut Regional Rapid Transit System. ADB’S finance will include the construction of railway tracks, station buildings, maintenance facilities, and traction, and power supply. Aim The project aims at smoothening regional connectivity by ..

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Rs 22 Crore granted by ADB to India for COVID 19

The multilateral funding agency, Asian Development Bank, has approved $3 million (About Rs 22 Cr) grant to India from its Asia-Pacific Disaster Response Fund to strengthen the emergency response of the government to combat the COVID 19 pandemic in the country. This grant is financed by the Japanese government and it will primarily be used ..

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Ashok Lavasa Appointed as Vice-President of ADB

Election Commissioner Ashok Lavasa has been appointed as the Vice-President for the private sector operations and public-private partnerships by the Asian Development Bank. Mr Lavasa has served as Finance Secretary, Secretary of the Ministry of Environment and Forests etc. in the past. He is going to succeed Mr Diwakar Gupta, who is going to superannuate ..

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GoI: New Economic Corridor Projects of Rs 20,000 crores in Haryana

On July 13, 2020, the Union Minister of Road Transport, Highways and MSMEs inaugurated and laid foundation stones to new economic corridors in the state of Haryana. Highlights The projects will help the state of Haryana to provide smooth connectivity to states of Rajasthan, Punjab, Uttar Pradesh and Delhi. Also, the projects will save fuels, ..

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