Latest Asian Development Bank News & Updates

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…

New Delhi, April 30 (IANS) Cambodia’s Minister for Mines and Energy and Third Vice-Chairman of the Council for the Development of Cambodia, Keo Rottanak, has praised Prime Minister Narendra Modi’s vision for global partnerships, saying it would benefit not just bilateral ties but also the wider region and the world.In a conversation with IANS on the sidelines of the Resilient Futures Summit 2026, Rottanak said that PM Modi offers a world with a broad vision of partnership and Cambodia would …

Kathmandu, April 28 (IANS) Nepal’s prolonged sluggish economic growth is likely to continue in the current fiscal year 2025-26, with the National Statistics Office projecting growth at 3.85 per cent on Tuesday. Though this is slightly higher than the government’s revised projection of 3.5 per cent made in February, it reflects the continuing low-growth trajectory since Covid-19 struck the country in fiscal year 2019-20, when the economy contracted by 2.37 per cent.Nepal’s Finance Ministry stat…

New Delhi, April 25 (IANS) Prime Minister Narendra Modi on Saturday said that NITI Aayog has emerged as a vital pillar in India’s policy-making architecture, fostering cooperative federalism, furthering reforms and boosting ‘Ease of Living.’It serves as a dynamic platform for innovation and long-term strategic thinking across sectors, said Prime Minister as he congratulated Ashok Kumar Lahiri on becoming the Vice Chairman and other full-time members.“The Government has reconstituted the …

New Delhi, April 25 (IANS) Newly appointed Niti Aayog’s Vice Chairman, Dr. Ashok Lahiri, on Saturday met with Prime Minister Narendra Modi in the national capital.This meeting took place a day after assuming charge, marking his first official engagement in the role.Following the meeting, Lahiri, who is also a BJP MLA from West Bengal and a renowned economist, shared the details on social media platform X.”Today, I met with the Prime Minister, Narendra Modi,” he wrote on X.Lahiri had succeeded …

Kolkata, April 25 (IANS) In a development with strong Bengal resonance, outgoing West Bengal Bharatiya Janata Party Member of Legislative Assembly and noted economist Ashok Kumar Lahiri has been selected to become the next vice-chairman of NITI Aayog, according to people familiar with the matter. His appointment, once formalised, will make him the effective head of the government’s premier policy think tank, as the chairpersonship is held by the Prime Minister by default. Lahiri will succeed S…