Introduction In a landmark move to bolster India’s urban infrastructure, the Asian Development Bank (ADB) has unveiled a $10 billion investment plan over the next five years. This initiative aims to transform urban landscapes, focusing on metro expansions, Regional Rapid Transit System (RRTS) corridors, and comprehensive urban services. The announcement was made by ADB President…
ADB Grants $500 Million for Green Infrastructure and Solar Rooftops in India The Asian Development Bank (ADB) has recently approved a $500 million loan to support India’s green infrastructure initiatives. This funding aims to promote sustainability through the development of green energy infrastructure, with a special focus on solar rooftop projects. The loan is part…
Israel Joins the Asian Development Bank as the 69th Member Country Israel has officially joined the Asian Development Bank (ADB) as its 69th member, marking a significant milestone in the country’s economic and diplomatic relations within Asia. The formal accession took place during a ceremony held at the ADB’s headquarters in Manila, Philippines, with high-ranking…
Asian Development Bank Retains India’s Growth Forecast at 7% for FY25 India’s Growth Forecast Retained at 7% The Asian Development Bank (ADB) has maintained its forecast for India’s GDP growth at 7% for FY25. This projection is based on expectations of a rebound in agriculture due to above-normal monsoon projections, despite a slower-than-expected monsoon onset…
Senior IAS Officer Vikas Sheel Appointed Executive Director at Asian Development Bank Senior Indian Administrative Service (IAS) officer Vikas Sheel has recently been appointed as the Executive Director at the Asian Development Bank (ADB). His appointment to this prestigious position marks a significant milestone in the realm of Indian bureaucrats expanding their influence in international…
India and ADB Ink $250M Loan for Corridor Development India and the Asian Development Bank (ADB) have recently signed an agreement for a $250 million loan to bolster the development of infrastructure in the country. This initiative focuses on enhancing connectivity and fostering economic growth within the nation. The agreement, inked between India’s government and…
ADBS Capital Reforms to Unlock $100 Billion for Asia and Pacific The Asian Development Bank (ADB) recently initiated a series of capital reforms aimed at bolstering economic growth and development in the Asia and Pacific region. These reforms are expected to unlock a staggering $100 billion in financial resources, paving the way for significant infrastructure…
ADB Lowers FY24 GDP Forecast to 6.3%; India Ratings Raises It to 6.2% The Asian Development Bank (ADB) and India Ratings have released contrasting forecasts for India’s Gross Domestic Product (GDP) growth in the fiscal year 2023-24, offering valuable insights for candidates preparing for various government exams, including civil services like IAS, banking, and police…
