Page-6 of Asian Development Bank Current Affairs, GK & News

ADB to give $451Mn for Chennai-Kanyakumari Industrial Corridor power links 

The Asian Development Bank will provide a $451 million (appx. Rs.3,200 crore) loan to strengthen power connectivity between southern and northern parts of Chennai-Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu. As per ADB, the Manila-headquartered multilateral agency the total cost of the project is $653.5 million, of which the government will provide $202.5 million. About ..

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India ADB sign 190 million USD loan

On 12 October, 2019, the GoI signed a 190 million USD loan with the Asian Development Bank (ADB) to upgrade road transport in the state of Rajasthan. The project includes upgrading of 754 km of state highways, major district roads to two lane. The project will benefit 26 million people in 14 districts of Rajasthan. ..

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India, ADB sign $200-million loan agreement for upgrading rural roads in Maharashtra

India and Asian Development Bank (ADB) signed 200-million dollar loan agreement for upgrading rural roads in 34 districts of Maharashtra with the objective of improving road safety and better connecting rural areas with markets and services. The agreement was signed between Sameer Kumar Khare, Additional Secretary, Department of Economic Affairs (DEA) in Union Ministry of ..

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ADB to provide $200 Million loan for improving road infrastructure in Maharashtra

Asian Development Bank (ADB) has approved US $200 million loan for Road Infrastructure Improving project in Maharashtra’s 34 districts for better connecting rural areas with markets and services.  The proceeds of loan from ADB will be used for upgrading roads in rural areas of these districts to all-weather standards for boosting links between local residents ..

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ADB cuts India growth forecast to 7.2% for 2019-20

The Asian Development Bank (ADB) in the recent Asian Development Outlook report has made the following observations in the forecast for the financial year 2019-20: India’s growth forecast was lowered for 2019-20 to 7.2% from 7.6% estimated earlier due to moderation in global demand and likely shortfall in revenue on the domestic front. Despite the downgrade in ..

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