Protectionism can blunt US firms' efficiency, says Jaitley
While the global economy impacted India, the country's large market and domestic demand kept its economy going, helping it clock 7.5 percent plus growth even during global slowdown.
May 06, 2017, 20:13 PM IST
Indian market should be more deregulated, FDI friendly: ADB
The Asian Development Bank (ADB) today lauded Prime Minister Narendra Modi's effort of integrating indirect taxes through the GST, even as it wants the Indian market to be more "deregulated" and FDI friendly to realise the true potential.
May 04, 2017, 12:55 PM IST
ADB lending hits record high
The Asian Development Bank (ADB) operations exceeded the $30 billion mark for the first time in its 50-year history as regional demand for development finance and knowledge continues to grow, a report said on Tuesday.
Apr 25, 2017, 18:15 PM IST
India's growth to accelerate to 7.4% in 2017-18: ADB
The Asian Development Bank (ADB) on Thursday said that India's growth rate will improve to 7.4 percent during 2017-18 and go up further to 7.6 percent in the next fiscal, remaining ahead of China.
Apr 06, 2017, 12:06 PM IST
PM Modi to meet economists, govt officials Tuesday; budget, demonetisation key issues
Prime Minister Narendra Modi will meet economists and senior government officials at NITI Aayog on Tuesday.
Dec 26, 2016, 15:19 PM IST
Government likely to slash taxman's powers, lower stamp duty
Tightening the noose further around black economy, the government may abolish discretionary powers of tax officers in deciding liabilities for evasion, said NITI Aayog Vice-Chairman Arvind Panagariya.
Dec 02, 2016, 15:25 PM IST
Strengthen ECGC to promote export finance: Nirmala Sitharaman
Commerce and Industry Minister Nirmala Sitharaman Tuesday pitched for adequate headroom to ECGC so as to promote export finance, saying she will raise the issue with the Finance Ministry as well as the Reserve Bank.
Nov 08, 2016, 17:14 PM IST
ADB declines to fund Pakistan's big dam project in PoK
The ADB has refused to commit funds for Pakistan's USD 14 billion dam project on Indus river in Pakitan-occupied Kashmir (PoK), two years after the World Bank declined to fund the project following Islamabad's refusal to seek an NoC from India.
Oct 27, 2016, 16:38 PM IST
Asia growth holds stable thanks to China and India: ADB
ADB maintained its growth forecast for India at 7.4 percent for 2016 and 7.8 percent for 2017, with improvements driven by a recovery in private investment and bank reforms.
Sep 27, 2016, 09:11 AM IST
Highway across nations: India approves $1 billion connectivity project
India has approved an ambitious $1.04-billion project for constructing and upgrading 558 km of roads to link it with Bangladesh, Bhutan and Nepal and ease the movement of passengers and cargo, as part of the larger effort to increase intra-regional trade by 60 per cent.
Sep 18, 2016, 19:22 PM IST
Asian Development Bank re-elects Takehiko Nakao as President
The board of Asian Development Bank has re-elected Takehiko Nakao as the multilateral funding agency's president for a five-year term beginning November.
Aug 05, 2016, 17:27 PM IST
ADB says developing Asian economies to grow 5.6% in 2016
The Manila-based lender's report said the growth forecast for 2017 of 5.7 percent made in March remains unchanged.
Jul 18, 2016, 21:30 PM IST
ADB trims developing Asia growth forecast; India on track
ADB on Monday marginally cut economic growth projection for Asia and Pacific region for 2016, though India is likely to meet 7.4 percent and 7.8 percent growth forecast for this and the following year.
Jul 18, 2016, 08:54 AM IST
ADB, IFC in talks with IDBI Bank for Rs 3,771-cr QIP
Global lenders, Asian Development Bank and International Finance Corporation, as well as other investors are in talks for state-owned IDBI Bank's Rs 3,771- crore stake sale via qualified institutional placement route.
Jul 01, 2016, 16:51 PM IST
BRICS bank to issue first yuan-denominated bonds
Beijing: The New Development Bank of the BRICS countries is set to issue its first yuan-denominated bonds with plans to release more bonds in local currencies including in Indian Rupee, a top official of the bank has said.
Jun 01, 2016, 14:41 PM IST
India may clock near 8% growth on back of good monsoon: Das
India targets to be a "low-cost economy" by reducing interest rates and transaction cost, Economic Affairs Secretary Shaktikanta Das said Tuesday while projecting a near-8 percent growth for current fiscal.
May 03, 2016, 23:19 PM IST
Strong Indian growth to push up Asian economy to 5.7%: ADB
Asian Development Bank (ADB) President Takehiko Nakao today said strong GDP expansion in some of the countries, including India, is expected to push up Asia's economic growth rate to 5.7 percent in 2016.
May 02, 2016, 23:00 PM IST
TAPI project: Pact inked for $200 million investment in studies
Shareholders of the Turkmenistan- Afghanistan-Pakistan-India (TAPI) Pipeline Company Limited on Saturday signed an agreement to invest USD 200 million in studies and engineering for the USD 10 billion project to transport natural gas to energy-hungry countries like India.
Apr 08, 2016, 17:57 PM IST
China's economy to decline to 6.5 % this year: ADB
China's growth will decline to 6.5 percent this year and slide further to 6.3 percent in 2017, the Asian Development Bank forecast today as it warned the world's second-largest economy over its huge industrial overcapacity.
Mar 30, 2016, 17:38 PM IST
ADB cuts Asia growth forecast to 5.7% for 2016
For China, ADB has projected growth to decline from 6.9 percent in 2015 to 6.5 percent in 2016.
Mar 30, 2016, 12:48 PM IST
