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

RBI governor says India’s economic recovery is likely to be gradual as coronavirus still rages	16.9.2020	Scroll.in
Shaktikanta Das said the GDP numbers for the first quarter of 2020-’21 are a telling reflection of how the coronavirus impacted the economy.
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Indian economy will contract by 9% in 2020-’21, says Asian Development Bank	15.9.2020	Scroll.in
However, the bank also predicted that the GDP will recover strongly to grow at 8% in 2021-’22.
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Prez accepts Ashok Lavasa's resignation as EC	19.8.2020	Rediff: News
'...the President is pleased to accept the resignation tendered by Shri Ashok Lavasa, Election Commissioner with effect from the 31st August, 2020,' the notification said.
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Election Commissioner Ashok Lavasa resigns	18.8.2020	Rediff: News
Lavasa would soon be joining the Asian Development Bank as vice president
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ADB appoints EC Ashok Lavasa as new vice-president	15.7.2020	Rediff: News
'He is currently one of the Election Commissioners of India and previously served in a range of senior posts including as Union Finance Secretary of India; Union Secretary for the Ministry of Environment, Forests, and Climate Change; and Union Secretary for the Ministry of Civil Aviation,' ADB said in a statement.
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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, […] The post AIIB sanctions USD 750 million loan to India for Coronavirus response appeared first on India's first NewsPortal on Projects.
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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 […] The post Asian Development Bank, India ink USD 177 millionn loan to upgrade roads in Maharashtra appeared first on India's first NewsPortal on Projects.
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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 […] The post ADB to invest USD 100 million in National Investment and Infrastructure Fund appeared first on India's first NewsPortal on Projects.
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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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