India-ADB Current Affairs, GK & News

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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West Bengal Public Finance Management Investment Programme: Key Facts

The Government of India and the Asian Development Bank have recently signed an agreement under which the bank will provide 50 million USD of loan. It is a policy-based loan. The loan is to be utilised to improve financial management procedures, promote informed decision making, improve operational efficiencies that aim at achieving more fiscal savings ..

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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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750 million USD loan approved by AIIB to India

On June 17, 2020, the Asian Infrastructure Investment Bank (AIIB) approved 750 million USD loan to India. The fund granted is to be used by the GoI to strengthen battle against the impact of COVID-19 on the poor and vulnerable. Highlights The aid was cofinanced by the Asian Development Bank (ADB). The funds are to ..

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India and ADB sign 177 million USD to upgrade Maharashtra State Highways

On May 28, 2020, the Government of India and the Asian Development Bank signed an agreement to construct state highways in Maharashtra. Highlights The funds received from the bank are to be used by the State Government of Maharashtra to improve road projects. The projects will be used to increase connectivity between urban and rural ..

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