News on AIR

July 28, 2023 9:37 PM

Government of India & Asian Development Bank signs a 200 million dollar loan for expanding urban services in Rajasthan

The Government of India and the Asian Development Bank today signed a 200 million dollar loan for expanding urban services in Rajasthan. The Finance Ministry said, this will provide finance for the ongoing Rajasthan Secondary Towns Development Sector Project to expand water supply and sanitation systems and enhance urban resilience. This will improve water supply systems in at least seven towns by converting all groundwater sources to surface water, and by installing one thousand 400 kilometre o...

ADB retains India's growth forecast at 6.4 percent for current financial year

The Asian Development Bank (ADB) today retained India's economic growth forecast at 6.4 percent for the current financial year and 6.7 percent for the next, The ADB said robust domestic demand will continue to support the region's recovery. In an update to its Asian Development Outlook, the ADB said inflation is expected to continue to fall, approaching pre-pandemic levels as fuel and food prices decline. It forecast 3.6 percent inflation this year for developing economies in Asi...