asian development bank

asian development bank Chief Economist Albert Park forecasts elevated crude oil prices, averaging $96 per barrel in 2026 and $80 in 2027, due to prolonged Middle East tensions. This outlook suggests a 0.6% reduction in India's GDP growth for FY27, pushing inflation to 6.9% amid reliance on imported oil and gas.

ADB Chief Economist Albert Park anticipates crude oil prices will remain elevated for an extended period due to the prolonged Middle East crisis. This higher oil price expectation is projected to shave 0.6% off India's GDP growth, bringing it to 6.3%, and significantly stoke inflation in the current fiscal year.

The Kacchi Dargah-Bidupur six-lane bridge is on the brink of completion, with its final segment now in place. This monumental Rs4,988 crore endeavor stretches across 19.5km and is set to revolutionize travel between north and south Bihar, making journeys to Vaishali, Samastipur, Darbhanga, and Madhubani much more accessible.

Pakistan is holding talks with Saudi Arabia and China to secure financial assistance as it prepares to repay a loan of roughly $3 billion to the United Arab Emirates, sources told Bloomberg.

Chennai's electorate faces critical issues of flooding, pollution, waste management, and river restoration as elections approach. While both AIADMK and DMK have initiated projects, significant challenges like incomplete works, legacy pollution, and persistent encroachments remain, impacting the city's liveability and quality of life.

The OECD and asian development bank (ADB) have cautioned about the West Asia crisis impacting global growth and energy prices. The OECD retained its global growth projection for the current year but marginally lowered it for 2027, while India's growth projection was trimmed to 6.1% for 2026-27 due to global uncertainties.

North Chennai's voters are a tough challenge for politicians. DMK swept all seats in 2021, but faces local anger over issues like water supply and past incidents. Key DMK leaders are expected to perform well. However, cracks in the party and the emergence of new parties like TVK and NTK could lead to unexpected results.

The Middle East crisis is severely impacting Pakistan's already fragile economy, triggering soaring oil and LNG prices. This energy shock is fueling inflation, raising travel costs, and straining household budgets. Experts warn of deepening vulnerabilities, with potential collapse if the conflict escalates and reserves dwindle, disproportionately affecting the poor.

Even though the asian development bank Summit is just a couple of days away, the Noida Authority is yet to complete the re-carpeting work of the Greater Noida Expressway.

The government has decided to create new agri- business centres on the premises of the state’s 11 marketing yards in 10 districts with the help of Rs 20 crore loan from the asian development bank (ADB).

The Noida Authority and traffic department have decided against reserving lanes or restricting regular movement of traffic along the Noida-Greater Noida Expressway during the asian development bank Summit scheduled between May 2 and 5.

asian development bank (ADB) officials on Tuesday called for a detailed action plan to complete the major share of key projects taken up by the Kerala Sustainable Urban Development Project (KSUDP) before June 2014.

The asian development bank (ADB) has approved a $1.5 billion loan for Indian government to purchase Covid-19 vaccines, it said in a statement. The ADB said the loan would fund at least 667 million vaccine doses for an estimated 317 million people, adding that it also expected to co-finance an additional $500 million for vaccine procurement.