Latest Asian Development Bank News & Updates

Agartala, June 1 (IANS) Tripura Power Minister Ratan Lal Nath on Sunday said that 95 per cent of the Asian Development Bank (ADB)-funded power distribution strengthening work in the state has been completed, while the remaining work is expected to be finished by June. Union Minister for Housing and Urban Affairs and Power Manohar Lal Khattar on Sunday reviewed power and urban development projects with Tripura Chief Minister Manik Saha and Power Minister Ratan Lal Nath.After the meeting, Minister…

Shimla, May 30 (IANS) Principal Advisor (Media) to Himachal Pradesh Chief Minister, Naresh Chauhan, said on Saturday that the Bharatiya Janata Party (BJP) in the hill state has been making exaggerated and misleading claims about its performance in the local body and panchayat elections, while feedback received by the Congress from across the state indicated that a large number of party-supported candidates have emerged victorious. He added that the BJP “is attempting to create a perception of vi…

New Delhi, May 25 (IANS) Bangladesh faces a moderate risk of external and overall debt distress with limited capacity to absorb shocks in the near term, the Asian Development Bank (ADB) said.ADB warned that weak revenue mobilisation and rising domestic borrowing are increasing fiscal pressures ahead of the country’s graduation from least‑developed‑country status, the report from Bangladesh-based The Daily Star said.”The lender warned that Bangladesh’s graduation from LDC status in Novemb…

Bengaluru, May 21 (IANS) Karnataka Law and Tourism Minister H.K. Patil on Thursday said the state government would make every possible effort to protect the voting rights of citizens if any process unnecessarily deprived them of their franchise. Addressing reporters after the cabinet meeting, Patil said extensive discussions were held regarding the Special Intensive Revision (SIR) of electoral rolls in Karnataka.He alleged that the SIR process had led to the deletion of voting rights of nearly 2…

Agartala, May 20 (IANS) Tripura Power Minister Ratan Lal Nath on Wednesday announced that the state government and the Tripura State Electricity Corporation Limited would provide rooftop solar panels for just Rs 1,000 to consumers using less than 50 units of electricity, with 1.5 lakh families already identified under the initiative. The Minister announced after launching the Rooftop Solar Photovoltaic System Handbook at Geetanjali Government Guest House here.Highlighting the benefits under the …

Shillong, May 13 (IANS) Meghalaya Chief Minister Conrad K. Sangma on Wednesday launched four major skill development initiatives aimed at strengthening employment, entrepreneurship and livelihood opportunities for the youth of the state. The initiatives were unveiled during Skillerate 2026 held at North-Eastern Hill University in Shillong. The programme was organised by the Department of Labour, Employment and Skill Development in collaboration with Skills Meghalaya and the Meghalaya State Skill…

New Delhi, May 8 (IANS) Ashok Kumar Lahiri has taken charge as Vice Chairman of NITI Aayog, the government think tank said on Friday.Lahiri brings extensive experience in economic policy and public finance, having previously served as Chief Economic Adviser to the government and as a member of the 15th Finance Commission.According to NITI Aayog, his experience across academia, public institutions and international organisations will further strengthen its efforts towards evidence-based policymak…

New Delhi, May 6 (IANS) Geopolitical tensions, supply chain disruptions and rapid technological changes are reshaping how economies participate in global value chains, the Asian Development Bank (ADB) said on Wednesday.Greater specialisation in the stages of global production has helped Asia and the Pacific achieve economic growth, create jobs, and reduce poverty over the past quarter century, according to the ADB’s ‘Asian Development Policy Report 2026’.The report found that the region ac…

Samarkand, May 4 (IANS) The Asian Development Bank (ADB) said it will commit up to 70 billion USD by 2035 to two initiatives to integrate power grids, expand cross-border electricity trade, and strengthen broadband access across the Asia-Pacific region.ADB President Masato Kanda launched the Pan-Asia Power Grid Initiative and the Asia-Pacific Digital Highway at the bank’s 59th annual meeting in Samarkand, Uzbekistan’s second-largest city, Xinhua news agency reported.”Energy and digital access wi…

Agartala, May 2 (IANS) The Tripura government is setting up ‘pink toilets’ across all urban civic bodies, including areas under the Agartala Municipal Corporation, to provide hygienic, safe and easily identifiable public washrooms for women, Chief Minister Manik Saha said on Saturday.After reviewing ongoing urban development projects, the Chief Minister expressed satisfaction that construction of pink toilets in 20 urban areas across the state is nearing completion. He emphasised that such i…