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Funds for urban development 20% of the need, says experts in Ahmedabad	20.4.2018	DNA: Recent Columns
Funds for urban development in India is just about 20% of what is needed, experts said on Thursday in Ahmedabad. Long gestation periods and low revenue realisation have raised questions about bankability of the projects, they said. Kenichi Yokoyama, country director – Indian resident mission of Asian Development Bank (ADB), said India would require about Rs 3 lakh crore in next 20 years against which only 20% would be coming. He was speaking at the two-day Regional Conference on "Úrban Development – Technological Solutions and Governance Challenges". Most Asian countries are better placed with availability of about 50% funds. Even peers in the developing world are in a better position with 5% of budget spending going towards urban projects, as against one percent in India. While private players worried about lack of adequate capital, government officials focused on alternative models for revenue generation. Kumar Pratap, joint secretary in the Union Ministry of Finance said that while middle class feels ...
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Global growth showing solid momentum: WB chief	19.4.2018	General News
With global growth showing solid momentum, the challenge is to make it inclusive, World Bank chief Jim Yong Kim said today. "The challenge now is to ensure that strong growth will translate into inclusive growth, so that the benefits of global economic integration are enjoyed by all members of society," Kim said at the start of the annual spring meeting of the International Monetary Fund and the World Bank. "The global economy is showing solid momentum. We're expecting global growth to edge up to 3.1 per cent in 2018 its strongest performance since 2011 as the recovery in investment, manufacturing, and trade continues, and as commodity-exporting developing economies benefit from firming commodity prices," Kim said here. Kim said this period of robust growth is a great opportunity to invest in human and physical capital. Filling infrastructure gaps, improving education and health outcomes, and increasing female labour force participation could continue to drive growth. If policy ...
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Two day Regional Conference on “Urban Development: Technological Solutions and Governance Challenges” begins in Ahmedabad today ; Panelists focus on capacity building, informed decisions, proper planning and focus on recycling and reuse of resources among others.	19.4.2018	Govt of india: PIB
The Ministry of Finance, Government of India in collaboration with the Associated Chamber of Commerce and Industry of India (ASSOCHAM), Gujarat Council along with Asian Infrastructure Investment Bank (AIIB), Research and Information System for Developing Countries (RIS), an autonomous research organization under the Ministry of External Affairs organised the 2-day Regional Conference on “Urban Development: Technological Solutions and Governance Challenges” which began in Ahmedabad today.
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Pak's current account deficit rises due to CPEC: ADB report	17.4.2018	General News
Pakistan's current account deficit (CAD) has risen to 4.5 per cent mainly due to the smooth implementation of projects under the USD 63 billion China-Pakistan Economic Corridor (CPEC), according to a report by Asian Development Bank (ADB).As per the report of ADB titled - 'Asian Development Outlook 2018', the CAD expanded on larger imports that widened the trade deficit despite a strong revival in exports.The deficits are being addressed, especially by investment in energy, including under the CPEC project. A number of projects, especially in power supply, are already completed or nearly done, with financing from the government development expenditure, multilateral development banks and CPEC resources.The ADB report said at 8.3 per cent, there was a faster growth in fixed investment, which reflected larger public investment, while private investment grew by only 4.1 per cent, restrained by substantial infrastructure deficits, especially for electric power supply. The large increase in
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Reform Measures and GST Benefits to Drive India's Growth Momentum - ADB	17.4.2018	General News
In its latest Asian Development Outlook (ADO) 2018 report, ADB notes that the dip in growth to 6.6% in FY2017 was driven in part by lingering effects of demonetization, which impacted the informal sector in the first half of FY2017. Teething issues related to implementation of the Goods and Services Tax (GST), which hampered operations of small and medium-sized enterprises and exporters, also contributed to growth moderation.
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Exports, Domestic Demand Deliver Solid Growth in Asia and the Pacific - ADB	17.4.2018	General News
In its new Asian Development Outlook (ADO) 2018, ADB forecasts gross domestic product (GDP) growth in Asia and the Pacific to reach 6.0% in 2018 and 5.9% in 2019, a slight deceleration from the 6.1% registered in 2017. Excluding the high-income newly industrialized economies, growth is expected to reach 6.5% in 2018 and 6.4% in 2019, from 6.6% in 2017. ADO is ADB's flagship annual economic publication.
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Possess strong character, uncompromising honesty and integrity: Vice President	16.4.2018	Govt of india: PIB
The Vice President of India, Shri M. Venkaiah Naidu advised the Management Students to possess strong character, uncompromising honesty and integrity. He was addressing the 9th Convocation of Indian Institute of Management (IIM), Shillong, Meghalaya today.
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SBI Caps eyes global i-bank as JV partner	16.4.2018	DNA: Bangalore
SBI Caps eyes global i-bank as JV partner
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‘Robust exports can help India grow at 8%’	15.4.2018	Hindu: Home
India can benefit as China’s shipments are becoming expensive: ADB’s Sen Gupta
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Make exports competitive to achieve 8% growth: ADB economist to India	15.4.2018	Business Standard: News Now
He also said that as Chinese exports are becoming expensive because of rising wages, India can reap benefits by improving competitiveness
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India needs robust exports, investment to achieve 8% growth: ADB Economist	15.4.2018	General News
India can achieve over 8 per cent growth rate in a sustained manner if it takes steps to revive investments and make exports competitive, said ADB Economist Abhijit Sen Gupta. Efforts will also have to be made to streamline agriculture marketing and improve supply chain, he said, adding that this is the area where there is scope for more reforms. "Right now, the investment and exports drivers are really not firing... Once those two engines fire up India can sustainably grow at 8 per cent," Sen Gupta told PTI. In its Asian Development Outlook, 2018, the Asian Development Bank (ADB) expects India's growth to pick up to 7.3 per cent in current fiscal and accelerate further to 7.6 per cent in the next financial year. Referring to exports, Sen Gupta said India is still a "marginal player" in global trade and there is a lot of potential to increase exports. As Chinese exports are becoming expensive because of rising wages, India can reap benefits by improving competitiveness. "We need to ...
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Odisha's policy for defence manufacturing may come out in next three months	14.4.2018	Business Standard: News Now
Odisha already has in place an ecosystem to facilitate the growth of aerospace and defence sectors in the state
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AIIB decides to invest $140M to improve Rural Connectivity in India	13.4.2018	General News
Livelihoods of the rural population will be improved by expanding income earning opportunities through better farm-to-market road connections. Moreover, more children are expected to enroll in higher education programs and school attendance is expected to further improve. The road maintenance pilot under the Project will employ more women, contributing to gender equality and income generation.
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AIIB to extend $ 140 mn loan to improve rural connectivity in MP	12.4.2018	General News
The Asian Infrastructure Investment Bank (AIIB) will extend a USD 140-million loan to improve rural connectivity in Madhya Pradesh. "Approximately 1.5 million rural residents in Madhya Pradesh stand to directly benefit from improved livelihoods, education and mobility with the USD 140-million loan approved by the Board of Directors of the Asian Infrastructure Investment Bank," said a statement issued by the AIIB. The project, co-financed with the World Bank, aims to improve rural road connectivity and management for residents of 5,640 villages who use the rural roads for daily activities, it added. "Promoting sustainable growth in India through investment in rural infrastructure will require substantial financing," AIIB VP and Chief Investment Officer D J Pandian said. Funding to this project will contribute to reducing this financing gap and enhance overall development in the region, he added.
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AIIB to invest USD 140M to improve rural connectivity in Madhya Pradesh	12.4.2018	General News
Approximately 1.5 million rural residents in Madhya Pradesh will directly benefit from improved livelihoods, education and mobility with the USD 140 million loan approved by the Board of Directors of the Asian Infrastructure Investment Bank (AIIB) in a meeting held recently in Beijing.The project, co-financed with the World Bank, aims to improve the rural road connectivity and management for residents of about 5,640 villages who use the rural roads for daily activities.Livelihoods of the rural population will be improved by expanding income earning opportunities through better farm-to-market road connections.Moreover, more children are expected to enroll in higher education programs and school attendance is expected to further improve.The road maintenance pilot under the project will employ more women, contributing to gender equality and income generation."Promoting sustainable growth in India through investment in rural infrastructure will require substantial financing," said AIIB ...
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Nepal completes excavation of its longest tunnel	12.4.2018	All News-IANS Stories
The excavation of the 26-km tunnel in Nepal that will lead to improved water services for residents of Kathmandu was completed on Thursday.
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Cong claims credit for projected economy growth	12.4.2018	General News
A day after the ADB forecast India to register a growth of 7.3 per cent this fiscal and 7.6 per cent in the next, the Congress today attributed it to inherent strength of the country's economy built on the foundations of the party and UPA governments' rule for decades. It also said but for the demonetisation of high value currencies by the Narendra Modi government, India would have been much more prosperous. The Asian Development Bank (ADB) yesterday had said Indias two-year trend of declining growth will reverse in theFinancial Year 2018. The Asian Development Outlook (ADO) 2018 report said Indian economy will expand by 7.3 per cent in FY 2018 and followed by a 7.6 per cent growth in FY 2019. "We are still stuck at a slightly higher growth rate. What we see now is the inherent strength of Indian economy, which was built on the foundations of Congress and UPA governments rule for decades," Congress leader Rajiv Gowda said here. He said demonetisation slowed down the ...
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India's GDP to grow 7.3% this fiscal: ADB	12.4.2018	DNA: Bangalore
India's GDP to grow 7.3% this fiscal: ADB
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Nepal's economy to grow by 4.9% in FY2018: ADB	11.4.2018	All News-IANS Stories
The Asian Development Bank (ADB) has projected that Nepal's economy will grow at a slower pace of 4.9 per cent in Fiscal Year (FY) 2018 from 6.9 per cent in 2017.
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ADB predicts China's economy to grow 6.6% in 2018	11.4.2018	All News-IANS Stories
China's economic growth is expected to reach 6.6 per cent this year, the Asian Development Bank (ADB) said in a report released on Wednesday.
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