Topic: Asian Development Bank

In a meeting with PM Modi, the ADB president announced the 'multifaceted' support for the country over 5 years for an infrastructural push, including a connectivity plan among others.

A blog post on AsiaA blog post on Asian Development Bank says diaspora can help fund developmental projects. It adds that for this, the country should make policies to earn the diaspora’s trust.n Development Bank says diaspora can help fund developmental projects. It adds that for this, the country should make policies to earn the diaspora’s trust.

Last week, Fitch Ratings had slashed the country's GDP projection to 7% for current fiscal year citing elevated inflationary levels and higher interest rates.

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.

Apart from the money, India has also asked Asian Development Bank to select technical experts to help analysis and data visualisation on Covid-19.

Ashok Lavasa was next in line to be Chief Election Commission. He had courted controversy for dissenting against clean chits to Modi & Shah in 2019 Lok Sabha polls.

Ashok Lavasa, a former finance secretary, was in line to become the next chief election commissioner in 2021.

The Express Tribune says the new plans come as ADB and Pakistan finalised a USD 305 million emergency Covid-19 loan for the country.

Commending India's pandemic response, ADB President Masatsugu Asakawa assured immediate assistance to the health sector and help to alleviate the pandemic's economic impact on the poor.

With average growth rate of 8% as shown in the Asian Development Bank figures, Bangladesh has become as one of the fastest growing economies in the Asia-Pacific region.