India-ADB Current Affairs, GK & News

India-ADB deal to improve urban water supply infrastructure in Jharkhand

Government of India and Asian Development Bank (ADB) signed a $112 million loan in order to develop water supply infrastructure in the state of Jharkhand. Key facts The loan will also strengthen capacities of urban local bodies (ULBs) in order to improve service delivery in four towns of Jharkhand. This project is in line with ..

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India-ADB sign loan to expand Rural Connectivity in Maharashtra

Indian government and the Asian Development Bank (ADB) signed a 300-million-dollar loan on September 8, 2021 to expand rural connectivity in Maharashtra. Highlights Loan agreement was signed as additional financing in order to scale up improvement of rural connectivity. Additional financing for the “Maharashtra Rural Connectivity Improvement Project” will help in improving additional 1,100 rural ..

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ADB approves $150 million loan for T.N. urban poor housing project

On September 3, 2021, Asian Development Bank (ADB) approved a $150 million loan for Tamil Nadu Urban Poor Housing Project. Key Points According to ADB, Tamil Nadu is vital for the economic growth of India. It is currently contributing 8.54 per cent to the Gross Domestic Product (GDP). Economic opportunities in the state have boosted ..

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India-ADB: USD 500 million loan agreement signed for Bengaluru Metro

On August 19, 2021 India has signed a USD 500 million loans agreement with the Asian Development Bank (ADB) in order to expand metro rail network in Bengaluru. Highlights Metro Rail Network in Bengaluru will be expanded with the construction of two new metro lines of 56 kilometers. Signatories to an agreement for Bengaluru Metro ..

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ADB provided $1.5-billion to India for Covid response

The Asian Development Bank has provided fiscal support of 1.5 billion USD to India to fight against COVID-19 crisis. This is according to the Annual Report, 2020 of ADB that was released recently. This is part of the fiscal support the bank has set aside for pandemic. Key Findings of the Report The Asian Development ..

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