October 31, 2024, 04:22 PM - 5 min read
A new ADB report warns that under a high-emissions scenario, climate change could cause a 16.9% GDP loss across Asia and the Pacific by 2070, with India projected to suffer a 24.7% loss.
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October 25, 2024, 01:23 PM - 2 min read
Addressing the renewable energy capacity shortage in Assam, the Asian Development Bank (ADB) announced on Friday the approval of a $434.25 million loan to enhance renewable energy capacity and improve energy security in the state.
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October 8, 2024, 04:56 PM - 2 min read
The Asian Development Bank (ADB) has approved a USD 42 million loan for coastal and riverbank protection in Maharashtra, focusing on climate-resilient, nature-based, and hybrid engineering solutions to safeguard communities and ecosystems.
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September 20, 2024, 07:17 PM - 2 min read
The Asian Development Bank (ADB) will provide Rs 530 crore to Tripura to improve drinking water supply in 12 cities, benefiting around 400,000 people, with completion expected in three years.
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September 19, 2024, 07:26 PM - 1 min read
The Asian Development Bank has approved $109.5 million to upgrade 75.2 kilometres of the Issyk-Kul Ring Road in Kyrgyzstan, expanding it to four lanes and incorporating climate-adaptation features to enhance safety, access, and economic growth.
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September 15, 2024, 12:23 PM - 2 min read
The Asian Development Bank has recommended that Pakistan adopt India's ULLAS programme to reform its education system and improve training, following Pakistan's request for support to address widespread educational deficiencies and an impending visit by ADB President Masatsugu Asakawa.
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September 14, 2024, 01:43 AM - 4 min read
The Asian Development Bank (ADB) has approved a $320 million loan to Pakistan to support the rehabilitation of roads in Khyber Pakhtunkhwa, a province facing significant infrastructure challenges. This project is aimed at improving the condition of around 900 kilometres of rural roads, which are often damaged by floods and are currently in poor shape.
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August 3, 2024, 05:40 PM - 2 min read
The data features that India’s share of working-age population in 2011 is 60% which is expected to rise by 65% by 2030 however will slightly decline hitherto from 65.1% to 64.9% in 2036.
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May 3, 2024, 04:46 PM - 2 min read
ADB's Vice President Bhargav Dasgupta announced the bank's readiness to fund India's space sector alongside its climate finance focus. While ADB has undertaken satellite projects in the Asia Pacific, it has yet to assist India's space sector.
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April 14, 2024, 08:07 AM - 2 min read
A report by the ADB has maintained that living cost in Pakistan is the highest in Asia with at least 25% inflation rate and an economic growth pace, expected to grow at a meagre 1.9 %, which is the fourth lowest in the region.
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April 12, 2024, 06:31 PM - 2 min read
"Inflation decelerated in single digits last year following a peak in 2022 and will remain below 10 per cent in 2024 and 2025. Challenges remain, and the upcoming electoral cycle must not delay the reforms required to address the recent economic crisis. Sri Lanka needs to address vulnerability to poverty to ensure inclusive growth," the ADB report cautioned.
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April 12, 2024, 01:24 PM - 2 min read
The Reserve Bank of India (RBI) resonates with ADB's growth projections for the current fiscal year, foreseeing a GDP growth rate of 7 per cent. This optimism is fueled by expectations of a normal monsoon, easing inflationary pressures, and sustained momentum in manufacturing and services sectors. Factors such as increased capital expenditure on infrastructure, private corporate investment, and a robust service sector are anticipated to drive growth in FY2024.
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