New Delhi, April 10 (IANS) India is set to outpace the broader Asian region, and China, even as growth across developing Asia and the Pacific is projected to slow down over the next two years amid geopolitical headwinds, according to a report released by Asian Development Bank (ADB) on Friday.According to the ADB analysis, economic growth in developing Asia and the Pacific is projected to ease to 5.1 per cent in 2026 and 2027, down from 5.4 per cent last year, weighed by geopolitical tensions an…
Latest Asian Development Bank News & Updates
Kathmandu, March 31 (IANS) India emerged as the largest bilateral donor to Nepal in fiscal year 2024–25, which ended in mid-July 2025, with the southern neighbour disbursing US$107.8 million, according to a government report. According to the Development Cooperation Report 2024–25 released by the country’s Finance Ministry, the United Kingdom came second with disbursements of US$84.2 million, while USAID ranked third with US$67.1 million.Japan provided US$58.3 million, and Switzerland disb…
Amaravati, March 28 (IANS) In a definitive move to resolve years of administrative and legal ambiguity, Chief Minister N. Chandrababu Naidu on Saturday moved a landmark resolution in the Andhra Pradesh Legislative Assembly, urging the Centre to grant statutory recognition to Amaravati as the official capital of the state.A special Assembly session was convened specifically to deliberate and pass this resolution, marking a significant step toward providing long-term stability and legal clarity to…
New Delhi, March 24 (IANS) The Asian Development Bank’s $10 billion credit to Pakistan till 2030 signalled continued multilateral confidence, but underscores the country’s heavy reliance on external support and the urgent need for structural reforms to solve institutional challenges, as per a media report.The editorial from Dawn highlighted that capital inflows alone cannot fix “institutional challenges.””The focus on integrated solutions by combining policy reforms with financing and technica…
New Delhi, March 21 (IANS) The Asian Development Bank’s (ADB) announcement of a $10 billion credit for Pakistan over five years highlights the country’s continued reliance on external funding even as its peer nations grow out of such dependencies, a new report has said.”Experts have noted that countries once considered Pakistan’s peers are now able to self-finance growth, while we need to borrow to pay for basic infrastructure development,” the report from The Express Tribune noted.The finan…
Hyderabad, March 18 (IANS) Bharat Rashtra Samithi (BRS) working president and MLA, K.T. Rama Rao on Wednesday alleged that the Telangana government was carrying out a ₹1.5 lakh crore financial scam in the name of the Musi Riverfront development project.Speaking in the Assembly during Question Hour, he said the BRS was not opposed to the rejuvenation of the Musi River, but was strongly opposed to what he alleged was ‘massive loot’.Rama Rao wanted to know from the government if the Detailed Proj…
Mumbai, March 6 (IANS) The Maharashtra government has set an ambitious target to increase the gross income of the industrial sector in the state from $123 billion to $1,500 billion by 2047.Chief Minister Devendra Fadnavis, while presenting the annual Budget for 2026–27, said the state’s new Industry, Investment and Services Policy–2025 proposes to raise the share of the industry sector in the state economy to 30 per cent by 2047.According to the Budget, Maharashtra currently tops the country…
Bengaluru, March 6 (IANS) Karnataka Chief Minister Siddaramaiah on Friday, while presenting the Budget in the Legislative Assembly, said the state government would implement the controversial Rohith Vemula Act to prevent “academic and social harassment” of students based on caste in all government, private and deemed universities.The Rohith Vemula (Prevention of Exclusion or Injustice) Bill, 2025, aims to provide a safer environment for marginalised students, making Karnataka a pioneer in le…
Bengaluru, March 6 (IANS) In a major move, the Congress-led Karnataka government has announced social media ban for children under 16 years of age in the state. Chief Minister Siddaramaiah made the announcement on Friday in this regard while presenting the budget for the financial year 2026-27 in the Legislative Assembly.”To prevent the adverse effects of increasing mobile phone usage on children, the use of social media will be banned for children below 16 years of age,” CM Siddaramaiah announc…
Patna, March 5 (IANS) Bihar Chief Minister and JD-U leader Nitish Kumar is regarded as one of the most seasoned and adaptable leaders in Indian politics, having navigated decades of ideological shifts, coalition realignments and governance experiments. With his nomination to the Rajya Sabha, his long political journey appears set to enter a new phase.Nitish Kumar began his political career in student activism. He first contested the Harnaut Assembly seat in 1977 but was unsuccessful.In 1985, he …