NewsRack: 'india' news in 'IFIs' topic for user ifinews

Use riders with term life plan to enhance protection	5.6.2018	DNA: Bangalore
Use riders with term life plan to enhance protection
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CRAM stresses on negative impact of dev projects, urges Govt to revoke unsustainable dev models	5.6.2018	Manipur: E-Pao
CRAM stresses on negative impact of dev projects, urges Govt to revoke unsustainable dev models
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Govt keeps FY19 GDP growth estimate unchanged at 7.5%	31.5.2018	General News
Buoyed by India retaining its fastest growing economy tag, the government today said it is keeping its forecast of GDP growth of 7.5 per cent for fiscal year 2018-19 unchanged. Finance Minister Piyush Goyal said the 7.7 per cent GDP growth in the fourth quarter of 2017-18 showed the economy was on right track for higher growth in the future. The growth surpassed China's 6.8 per cent expansion in the January-March period. "GDP growth has been increasing continuously every quarter with growth of 7.7% in Q4 of 2017-18. Shows that the economy is on the right track & set for even higher growth in the future. This is the #SahiVikas under leadership of PM," Goyal tweeted. Speaking to reporters soon after GDP data for Q4 and 2017-18 was released, Economic Affairs Secretary Subhash Chandra Garg said the government is not cutting its FY19 growth forecast of 7.5 per cent. In 2017-18, the economy had grown by 6.7 per cent. He said he did not see any co-relation between oil prices and GDP ...
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ADB approves loan to improve Madhya Pradesh's irrigation system	31.5.2018	Sify Finance
The Asian Development Bank (ADB) said on Thursday that its Board of Directors has approved a $375 million (Rs 2,529 crore approximately) loan for a project that will contribute to doubling farming incomes in Madhya Pradesh by expanding irrigation networks and system efficiency.
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ADB approves loan to improve Madhya Pradesh's irrigation system	31.5.2018	All News-IANS Stories
The Asian Development Bank (ADB) said on Thursday that its Board of Directors has approved a $375 million (Rs 2,529 crore approximately) loan for a project that will contribute to doubling farming incomes in Madhya Pradesh by expanding irrigation networks and system efficiency.
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ADB funds $375 mn project for irrigation boost in Madhya Pradesh	31.5.2018	General News
Asian Development Bank (ADB) will provide USD 375 million (about Rs 2,532 crore) loan for a project to improve irrigation in Madhya Pradesh to help boost farmers' income. The project will expand irrigation networks and system efficiency, ADB said in a statement today. The total cost of the project cost is USD 535.1 million, of which USD 160.71 million will be provided by the government. It is estimated to be completed by September 2025. "Water plays a critical role in India's food production and the welfare of the poor in rural areas," ADB Principal Water Resources Specialist for South Asia Arnaud Cauchois said. "With agriculture under continuous pressure to meet society's needs, given population growth and changing dietary habits, ADB's project will support technical and institutional innovations to produce considerable gains in irrigation water use efficiency," Cauchois said. ADB said about 84 per cent of all water withdrawals are used for agriculture in India, where 42 per cent of .
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World Bank helps Bangladesh expand access to renewable energy	30.5.2018	General News
The Bangladesh government has signed a $55 million financing agreement with the World Bank to expand renewable energy uses in rural areas.
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India signs Loan Agreement with the World Bank for USD 21.7 Million for Strengthening the Public Financial Management in Rajasthan Project;	29.5.2018	Govt of india: PIB
An Agreement for IBRD Credit of USD 21.7 Million from World Bank for the Strengthening of Public Financial Management in Rajasthan Project was signed here today in New Delhi by Shri Sameer Kumar Khare, Joint Secretary (FB and ADB), Department of Economic Affairs, Ministry of Finance on behalf of the Government of India and Mr. Hisham Abdo, Acting Country Director, World Bank (India) on behalf of the World Bank.
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L&T, Reliance bidders for Yogi's flagship Rs 182 bn Purvanchal Expressway	25.5.2018	Business Standard: News Now
Slated to be India's largest access-controlled expressway, it would prune travel time between Ghazipur and Lucknow to less than 5 hrs
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Manipur missed ADB bus: Kenichi	14.5.2018	Manipur: E-Pao
Manipur missed ADB bus: Kenichi
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Don't delay fund release: ADB to State Govt	13.5.2018	Manipur: E-Pao
Don't delay fund release: ADB to State Govt
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Odisha eyes long-term power trade with Bangladesh, aims to supply 250 Mw	11.5.2018	Business Standard: News Now
State may have a thermal power glut of over 1,600 Mw from 2020, as two super critical units are set to be commercialised by then
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India's 7% projected growth rate 'amazingly fast', can doubl...	6.5.2018	DNA: Bangalore
India's 7% projected growth rate 'amazingly fast', can doubl...
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India urges ADB to focus on West Asia, South Asia	6.5.2018	All News-IANS Stories
India has urged the Asian Development Bank (ADB) to focus more on the West and South Asia regions after successful East Asia interventions by the multilateral lender and has said there is no case for increasing cost of its loan instruments as it has no capital deficiency, an official statement said on Sunday.
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India's 7% projected growth rate 'amazingly fast', can double economy in 10 yrs: ADB	6.5.2018	General News
India's projected GDP growth of over 7 per cent for the current fiscal is "amazingly fast" and if this momentum is maintained the size of the economy can double within a decade, ADB Chief Economist Yasuyuki Sawada has said. The country shouldn't worry about not achieving 8 per cent growth but focus on increasing domestic demand by reducing the income inequality, he said. Growth is driven more by domestic consumption than exports, he added. The Asian Development Bank (ADB) has projected India to remain the fastest growing Asian nation with 7.3 per cent growth in 2018-19, and 7.6 per cent in 2019-20. The Indian economy is forecast to grow at 6.6 per cent in the 2017-18 fiscal ended March 31, slower than 7.1 per cent in 2016-17. "7 per cent growth is amazingly fast. If a 7 per cent growth continues for 10 years, then that economy's size doubles," Sawada said in an interview with PTI. "So that's super fast growing growth rate. And being one of the largest economies in the region, ...
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India's 7% projected growth rate for FY18 is 'amazingly fast', says ADB	6.5.2018	Business Standard: Front Page Headlines
Sawada said inequality and poverty reduction would play a 'very important role' in achieving higher growth because consumption can stimulate more production and that can absorb more employment
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India asks ADB to invest in fintech, health startups to improve quality	6.5.2018	Business Standard: News Now
ADB should also introduce more targeted intervention in low income and poverty-concentrated geographic pockets, Garg said
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‘ADB must expedite loans for projects’	5.5.2018	Hindu: Diet & Nutrition
Development bank should also invest in fintech, healthcare to improve quality of life: Subhash Garg
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Countries push ADB to raise lending rates for middle-income Asia	5.5.2018	General News
MANILA (Reuters) - Members of the Asian Development Bank urged the lender to charge higher lending rates for middle-income countries and to start working with these countries more as partners and less as mere aid recipients.
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ADB projects India's growth at 7.3% in 2018	5.5.2018	Sify Finance
[Philippines], May 5 (ANI): Asian Development Bank (ADB) President Takehiko Nakao noted that India's growth in 2018 would pick up to 7.3 percent.
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