User: ifinews Topic: IFIs
Category: adb :: india
Last updated: Jun 18 2020 15:16 IST RSS 2.0
 
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Fitch Ratings revises India’s outlook to ‘negative’, ADB says country’s GDP to contract by 4% 18.6.2020 Scroll.in - News that matters
The Asian Development Bank on Thursday said that developing countries in Asia will ‘barely grow’ in 2020.
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AIIB sanctions USD 750 million loan to India for Coronavirus response 17.6.2020 Projects Monitor

Beijing-based Asian Infrastructure Investment Bank (AIIB) has cleared USD 750 million loan to India to help the government strengthen its response to the effect of the Coronavirus pandemic. The loan will be the second for India under AIIB’s COVID-19 Crisis Recovery Facility (CRF). AIIB’s total sovereign loans to India now amount to USD 3.06 billion, […]

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Asian Development Bank, India ink USD 177 millionn loan to upgrade roads in Maharashtra 28.5.2020 Projects Monitor

The Asian Development Bank (ADB) and the government of India have inked USD 177 million loan to upgrade roads in the state of Maharashtra. The move will see upgradation of 450 km state highways and major district roads in the state. The project will improve connectivity between rural areas and urban centres in the state […]

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ADB approves USD 1.5 bn loan to India to fight COVID-19 29.4.2020 The Assam Tribune
ADB approves USD 1.5 bn loan to India to fight COVID-19
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Covid-19: Asian Development Bank approves $1.5-billion loan for India 28.4.2020 Scroll.in
Earlier this month, the World Bank had approved an emergency financial aid of $1 billion for India.
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S&P cuts India growth forecast to 1.8 pc 18.4.2020 The Assam Tribune
S&P cuts India growth forecast to 1.8 pc
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India has less fiscal room to support economy: Fitch 15.4.2020 Rediff: Business
Fitch Ratings director Thomas Rookmaaker said India's debt-to-GDP ratio is likely to rise to 76 per cent from 70 per cent currently due to wider fiscal deficit and low economic growth.
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World's biggest shutdown may cost India Rs 7-8 lakh cr 13.4.2020 Rediff: Business
The world's biggest lockdown that shut a majority of the factories and businesses, suspended flights, stopped trains and restricted movement of vehicles and people, may have cost the Indian economy Rs 7-8 lakh crore during the 21-day period, analysts and industry bodies said.
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Coronavirus: Asian Development Bank says it will grant India $2.2 billion support package 10.4.2020 Scroll.in
The bank’s president Masatsugu Asakawa, in a phone call to Finance Minister Nirmala Sitharaman, commended the Indian government’s response to the pandemic.
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Indian macroeconomic situation bleak, set to worsen if lockdowns continue: Jean Dreze 6.4.2020 The Assam Tribune
Indian macroeconomic situation bleak, set to worsen if lockdowns continue: Jean Dreze
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India's GDP growth seen at 30-year low 4.4.2020 Rediff: Business
Stating that an economic recession gripped global economy following the lockdowns due to COVID-19 pandemic, Fitch Ratings on Friday said the initial disruptions to regional manufacturing supply chains in China have now broadened to include local discretionary spending and exports.
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Top news: India’s GDP growth to slow down to 4% in 2020-’21 amid Covid-19 crisis, says ADB 3.4.2020 Scroll.in
The biggest stories of the day.
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Covid-19: Asian Development Bank cuts India’s growth forecast to 4% from 6.5% for 2020-’21 3.4.2020 Scroll.in
Growth in India will remain subdued after a sharp slowdown last year, the bank predicted.
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ADB to invest USD 100 million in National Investment and Infrastructure Fund 31.3.2020 Projects Monitor

The Asian Development Bank (ADB) will make an investment of USD 100 million into the National Investment and Infrastructure Fund (NIIF) of India Fund of Fund (FoF). With ADB’s investment into the NIIF platform, FoF has now secured USD 700 million in commitments. ADB will now join the government of India (GOI) and the Asian Infrastructure Investment […]

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Sensex crashes 1,709 points; Nifty tanks below 8,500 18.3.2020 Rediff: Business
IndusInd Bank was the top loser in the Sensex pack, plummeting over 23 per cent. PowerGrid, Kotak Bank, Bajaj Finance, HDFC Bank and NTPC also finished significantly lower. ONGC and ITC were the only stocks in the index that ended with gains. US President Donald Trump has proposed an economic package which could approach $1 trillion, a rescue initiative not seen since the great recession of 2008.
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ADB lists masala bonds on India INX 25.2.2020 Hindu: Rx
Asian Development Bank (ADB) has listed its 10-year masala bonds worth ₹850 crore on the global debt listing platform of India INX. The proceeds would
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Ranil Wickremesinghe's keynote address at The Huddle 2020 23.2.2020 Hindu: Diet & Nutrition
Former Sri Lanka PM stressed on the India's role in South Asian politics.
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Rs 630-cr WB loan to modernise State’s ferry services 18.1.2020 The Assam Tribune
Rs 630-cr WB loan to modernise State’s ferry services
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AIIB to provide funds for Chennai Metro Phase-II corridors 13.1.2020 Projects Monitor

The Asian Infrastructure Investment Bank (AIIB) will provide financial assistance of USD 320 million (nearly Rs 2,306 crore) to start construction of 18 km long elevated Metro corridor of Phase-II of Chennai Metro Rail project. The Metro corridor will be constructed between Meenakshi College in Kodambakkam and Poonamallee Bypass, which is part of the 118.9 […]

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Holistic development plan for Hailakandi in the pipeline 10.1.2020 The Assam Tribune
Holistic development plan for Hailakandi in the pipeline
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