Page-2 of India-ADB
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 ..
Month: Current Affairs - September, 2021
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 ..
Month: Current Affairs - September, 2021
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 ..
Month: Current Affairs - August, 2021
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 ..
Month: Current Affairs - April, 2021
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 ..
Month: Current Affairs - December, 2020
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 ..