The investment is ADB's first transaction in India since the launch of its $1.5 billion Leading Asia Private Infrastructure Fund 2 (LEAP 2) in December 2023.
ADB report notes that these crops have a ‘high potential’ to double farmers’ incomes and create opportunities for public-private partnerships and investments.
In April, ADB had projected a growth rate of 11% in 2021-22 for India. Meanwhile, RBI also trimmed the country's growth projection by a similar margin to 9.5% in June this year.
ADB also raised the inflation forecast for India in FY2021 by 0.3% points to 5.5% while keeping the forecast for FY2022 at 4.8% as both food and fuel inflation outpaced expectations.
Despite growing passenger volume, 11 out of 14 carriers reported losses in 2023-24. IndiGo recorded profit of Rs 8,167 crore, which reduced to Rs 7.253 crore in 2024-25.
Dubai airshow crash & pilot death have rekindled concerns over pilot safety, and need for smarter automated systems that can step in when G-forces, temporary loss of consciousness hit the pilot.
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
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