User: ifinews Topic: IFIs
Category: adb :: all
Last updated: Oct 16 2017 18:04 IST RSS 2.0
 
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Defender Sushila returns to women's hockey squad for Asia Cup 16.10.2017 All News-IANS Stories
Ace defender Sushila Chanu Pukhrambam made her comeback after recovering from a knee injury as she was on Monday named in the Indian women's hockey squad for the ninth Women's Asia Cup which starts from October 28 in Kakamigahara City, Japan.
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Three roads from Bangaluru will take you to Kodagu, Hassan 13.10.2017 ET: Infrastructure
Karnataka State Highways Improvement Project (KSHIP) is developing the roads under the PPP model on hybrid annuity basis using ADB loans.
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Weak banks and corporates leave Indian economy vulnerable: IMF 11.10.2017 Latest News
Indian corporate remains highly leveraged and at high risks: IMF Counsellor
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Not only IMF but OECD and ADB too have lowered India’s growth forecasts: Care Ratings 11.10.2017 ET: Indicators
IMF has argued that while it expects overall growth in the global economy to recover in 2017, there would be downward pressure exercised by slower growth in USA, UK and India.
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IMF's growth projections are 80% wrong: EAC-PM member Rathin Roy 11.10.2017 Business Standard: Front Page Headlines
The council has been dismissive of projections of multilateral lending agencies
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PM's advisory council member questions IMF, WB growth outlook 11.10.2017 deccanherald.com
Noted economist and member of the Economic Advisory Council to the Prime Minister (EAC-PM) Rathin Roy today dismissed lowering of Indias growth projections by the IMF and the World Bank, saying they often go wrong. While the International Monetary Fund (IMF) has lowered Indias growth forecast for the current fiscal by 0.5 percentage points to 6.7 per cent, the World Bank has pegged economic expansion at 7 per cent, down from 7.2 per cent projected earlier. The Asian Development Bank too lowered Indias current fiscal growth to 7 per cent from 7.4 per cent, while RBI cut economic growth forecast to 6.7 per cent from earlier projection of 7.3 per cent. "IMFs growth projections are 80 per cent wrong...World Banks growth projections are 65 per cent wrong," he said in a media interaction when asked to comment on lowering of growth projections by international multilateral lending agencies. While the council has been dismissive of projections of multi-lateral lending agencies, the government does not miss an ...
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India to lose fastest-growing economy tag? IMF, ADB slash growth forecast 11.10.2017 Business Standard: Front Page Headlines
The World Bank reduced its FY18 India growth estimate to 7% from 7.2% earlier; IMF projected India would growth at 6.7%
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India's FY18 growth drop to 6.7% a blip, long term outlook positive: IMF of 11.10.2017 All Economy & Policy Stories
Maurice Obstfeld said state of India's economy is quite good, GST will have a payoff in the longer term
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Under Marijne, India's hockey team seeks fresh start in Asia Cup (Preview) 10.10.2017 All News-IANS Stories
The Indian mens hockey team will seek a fresh start under new chief coach Sjoerd Marijne as it opens the Hero Asia Cup campaign against Japan at the Maulana Bhashani National Stadium here on Wednesday.
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Indian Angel Network invests in AI start-up ThirdWatch 10.10.2017 All News-IANS Stories
Gurugram-based artificial intelligence (AI) start-up ThirdWatch on Tuesday announced it has raised an undisclosed sum of funding from the Indian Angel Network (IAN) which marks IAN's first investment from their Rs 450 crore fund.
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Industrial corridor authority to shore up investments in VCIC 6.10.2017 Hindu: Andhra Pradesh
Assembly nod for Bill likely in ensuing session
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World Bank raises China's growth forecast to 6.7% from 6.5% 5.10.2017 News
Upward revision of the forecast is partly owing to government measures to check overcapacity, credit expansion
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RBI lowers GVA growth outlook to 6.7% on GST effect 4.10.2017 DNA: Mumbai
The Reserve Bank of India (RBI) slashed its economic growth projection for the current fiscal to 6.7% from the earlier 7.3%, taking into account the disruptive effect of goods and services tax (GST) that was slowing recovery in investment activity due to uncertainties creeping into the manufacturing sector. "Taking into account the outturn in the first half, the baseline assumptions, survey indicators and model forecasts, real GVA (gross value added) growth is projected at 6.7% for 2017-18 – 6.4% in Q2 (second or September quarter), 7.1% in Q3 (December quarter) and 7.7% in Q4 (March quarter) – with risks evenly balanced around this baseline path," wrote the central bank in its monetary policy review report that was released on Wednesday. It has pegged the growth for the next fiscal at 7.4%, "assuming a normal monsoon, fiscal consolidation in line with the announced trajectory, and no major exogenous/policy shocks". After two quarters of weak gross domestic product (GDP) growth – 5.7% in the June quarter ...
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ADB $500 million funding soon for private sector infrastructure in Asia and Pacific 3.10.2017 ET: Economy/Finance
LEAP has financed the ReNew Clean Energy Project in India that recently commissioned a 48 MW solar subproject in Telangana and 110 MW wind subproject in Karnataka.
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World Bank: 250mn living in slums across East Asia, Pacific 3.10.2017 All News-IANS Stories
There are 250 million people living in poor quality housing with limited access to basic services across East Asia and the Pacific, the World Bank said in a report on Tuesday.
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AIIB, ADB approves $100 million loan for India's power sector 2.10.2017 ET: Power
In September, ADB chief economist Yasuyuki Sawada said the two banks could cooperate to meet Asia's huge infrastructure investment needs.
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Fitch Ratings lowers India's growth forecast to 6.9% 2.10.2017 deccanherald.com
Fitch Ratings has lowered India's economic growth forecast for the current fiscal to 6.9%, from 7.4% after the GDP growth "unexpectedly faltered" in the April-June quarter. The credit rating agency said however that it expects economic activity to accelerate in the second half of the fiscal year, with the waning impact of one-off events including the demonetisation shock in late 2016, and the GST rollout in July, which had dampened growth in the short term. "The large stock of non-performing loans on bank balance sheets could, however, dampen the outlook for credit growth and business investment," Fitch Ratings in its latest Global Economic Outlook (GEO). The Asian Development Bank (ADB) had last month slashed India's GDP growth forecast for the current fiscal to 7% from 7.4%, owing to weakness in private consumption, manufacturing output and business investment. India had posted a 7.1% growth in in 2016-17. ADB pencilled in 7.4% for 2018-19, down from the earlier forecast of 7.6% in July. Fitch Ratings ...
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AIIB, ADB approve $100 mn loan for India's power sector 2.10.2017 Business Standard: News Now
India is the second largest shareholder in the AIIB
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Fitch lowers India's growth forecast to 6.9% for FY18 from 7.4% 2.10.2017 News
It however expects economic activity to accelerate in the second half of the fiscal year
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Bhutanese economy may be hit by GST: ADB 1.10.2017 deccanherald.com
The GST may have an adverse impact on the Bhutanese economy through trade and revenue channels, the Asian Development Bank (ADB) said in its latest report.

The total trade between India and Bhutan was valued at $817 million in 2016-17, up from $750 million a year ago, as per Indian government data. India's exports to Bhutan totalled $509 million, while imports came at $308 million.

"India's GST, implemented in July 2017, may have an adverse impact on the Bhutanese economy through trade and revenue channels," stated the Asian Development Outlook 2017 Update report.

According to the report, Bhutan's imports will likely increase as Indian exports are zero rated under GST, making the imports cheaper.
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