Free Press Journal
  • India uses AIIB to diversify its funding sources

    India has already begun diversifying its funding sources by looking for more financial support from the three year old Asia Infrastructure Investment Bank (AIIB), headquartered in Beijing. Hitherto, it had sought financial aid from bodies like Japan’s ODA, the Asian Development Bank (ADB) and the World Bank and the IFC besides other commercial bands and funds.

  • Asian Development Bank lowers India’s GDP forecast to 6.7%

    New Delhi: The Asian Development Bank (ADB) on Wednesday lowered its Indian GDP forecast for the current financial year to 6.7 per cent citing tepid growth in the first half, demonetisation and transitory challenges posed by implementation of GST.

  • PM’s advisory council doubts IMF, WB growth outlook

    New Delhi : Noted economist and member of the Economic Advisory Council to the Prime Minister (EAC-PM) Rathin Roy Wednesday dismissed lowering of India’s growth projections by the IMF and the World Bank, saying they often go ‘wrong’. While the International Monetary Fund (IMF) has lowered India’s growth forecast for the current fiscal by 0.5 percentage points to 6.7 per cent, the World Bank has pegged economic expansion at 7 per cent,

  • Centre may bear 4% cost of modern bus terminals

    New Delhi : The Centre is ready to partially fund modern bus terminals to be set up by states, Union Minister Nitin Gadkari has said amid holistic efforts to further promote public transport. The development comes as the states’ transport ministers visited the central bus depot of Vadodara earlier this month. The bus depot is termed the country’s first international standard bus terminal. “The country can have 2,000 to 2,500 bus ports.

  • ADB lowers India’s GDP forecast to 7%

    Weakness in private consumption, mfg output and business investment have been attributed for this reduction in GDP growth forecast

  • Looking forward to serve nation: Niti V-C elect

    New Delhi : Noted economist Rajiv Kumar Sunday said he is looking forward to serve the country as the new Vice Chairman of Niti Aayog. “Look forward to serve the nation with my role @nitiaayog @pmoindia,” Kumar tweeted. He was named the new Vice chairman of the government think-tank Saturday, five days after the incumbent Arvind Panagariya announced that he would quit to return to academia. Kumar, who holds a DPhil in

  • India on track to grow at 7.4%, developing Asia to improve: ADB

    New Delhi : Asian Development Bank on Thursday retained India’s growth projection at 7.4 per cent for the current financial year even as it raised the forecast for developing Asian region to 5.9 per cent.

  • Jaitley not to attend ADB meet

    Yokohama (Japan) : Finance Minister Arun Jaitley has cancelled his attendance at the Asian Development Bank’s annual meeting here because of pressing domestic engagements back home.

  • Bhopal: SBI union leader to take part in Yokahama meet

    BHOPAL: Arun Bhogliwal, general secretary of the State Bank Award Staff Employees’ Union, Bhopal circle will participate in the seventh annual general body meeting of Asian Development Bank, scheduled to be held from May 4 to 7 at Yokahama (Japan). Bhogliwal will represent the All-India SBI Staff Federation at the meet. Asian Development Bank has been constituted for promoting development and fostering growth of banks and financial institutions in Asia. Besides members

  • $1 bn loan from ADB for Super Expressway

    The project will reduce the travelling time between Nagpur and Mumbai to eight hours from the present 16 hours.

  • India and ADB sign $100 mn loan pact on Cauvery basin development

    New Delhi : India and the Asian Development Bank (ADB) on Thursday signed a $100 million loan agreement for strengthening irrigation, drainage and water management in the Vennar sub-basin of the Cauvery delta in Tamil Nadu, an official said on Thursday.

  • ADB lowers India’s next fiscal growth forecast to 7.4 percent

    New Delhi: With the global slowdown continuing to weigh on India’s exports, the Asian Development Bank (ADB) on Wednesday pegged downwards the country’s growth rate for the next fiscal to 7.4 percent, from 7.6 percent this year, saying further reforms will help India remain one of the fastest growing economies in the world.