In the next 12 months, most sectors are likely to suffer.
Kv Kamath has big plans as BRICS Bank chief.
Global agencies have shown interest in Bihar's developmental projects. They met Bihar CM Nitish Kumar to chart out an investment plan.
Asia will avoid a full-blown financial crisis. Banks are reasonably well capitalised in India and other Asian countries. Non-performing assets are less than 5 per cent in Asia excluding Japan, says Rajat M Nag, Managing Director-General, ADB.
India will formally join the US-backed Turkmenistan-Afghanistan-Pakistan gas pipeline project next month for importing natural gas from the Central Asian nation to meet its growing energy needs.
However, India's economy will rebound to 8.5 per cent in 2009-10, Manila-based Asian Development Bank said in its Asian Development Outlook 2008. Narhari Rao, Principal Economist with India Resident Mission of ADB, said recent duty cuts by the government to arrest inflation, which is racing towards 7 per cent, are likely to show results in 2-3 weeks.
For the past five months, ever since he was appointed the Ayushman CEO, Indu Bhushan, a former bureaucrat, has made Nirman Bhawan his second home, working nine to nine with his "dedicated team" on the Modi government's biggest initiative after the Goods and Services Tax, says Nivedita Mookerji.
The world's biggest lockdown that shut a majority of the factories and businesses, suspended flights, stopped trains and restricted movement of vehicles and people, may have cost the Indian economy Rs 7-8 lakh crore during the 21-day period, analysts and industry bodies said.
India's stand at the FATF plenary and other related discussions have always been consistent regarding Pakistan.
The Asian Institute of Management invites applications for its Master in Business Administration and Master in Management programmes under its Washington SyCip Graduate School of Business.
India's 9 per cent GDP growth may not mean much for the masses, going by an ADB study which says India is ranked 17 among 23 when economies are compared based on a measure of people's economic well-being.
ADB has often expressed its interest in promoting sub-regional integration in South Asia and perhaps could be involved as a facilitator.
Any additional effort to assuage the growing worldwide hunger for infrastructure funding is more than welcome, says Barun Roy.
Nepal's former prime minister Sher Bahadur Deuba and his cabinet minister Prakash Man Singh have been set free.
The Planning Commission on Thursday said the surge in global oil prices should be passed on to customers, but favoured having some provisions to safeguard the interests of vulnerable sections of the society.
Asian Development Bank on Friday said India can sustain 8 per cent economic growth but asked government to improve infrastructure and carry forward reforms to attain a higher growth of 9-10 per cent.
The tremor was recorded at 0947 IST off the west coast of Great Nicobar Islands, the meteorological department said in New Delhi.
The rupee on Tuesday lost another 15 paise against the US dollar to close at 65.88
The political storm over foreign consultants in the Planning Commission took a new turn on Wednesday amid indications that experts from the World Bank, McKinsey and ADB
The court sentenced Saeed to five-and-a-half years and imposed a fine of Rs 15,000 in each case. The sentences of both cases will run concurrently.
Under KV Kamath's leadership, ICICI Bank's revenues grew multi-fold.
New-generation Yes Bank is in talks with Asian Development Bank for Rs 100 crore (Rs 1 billion) debt.
In a move that will reduce the interest burden of states, the government is planning to pass loans extended by multilateral agencies like World Bank and ADB directly on to states.
India is slated to become the third largest economy with a share of 14.3 per cent of global economy by 2015 and graduate to become the 'third pole' and growth driver by 2035.
The government will give about Rs 495 crore (Rs 4.95 billion) to IDBI as part of a ADB line of credit and restructuring its liabilities.
K V Kamath to take charge of BRICS Bank in July.
With this, multilateral lenders like the International Monetary Fund, the World Bank and the European Union may continue downgrading Pakistan, making its financial situation more precarious.
If Pakistan continues with the 'Grey List' or put in 'Dark Grey' list, it would be very difficult for the country to get financial aid from the IMF, the World Bank and the European Union, making its financial condition more precarious.
The Paris-headquartered FATF said Pakistan should continue to work on implementing its action plan to address its strategic deficiencies
Over 5 million alumni from the Indian Institutes of Technology, Mumbai University and Institute of Chemical Technology, Mumbai, plan to raise Rs 21,000 crore to start the world's largest infection testing lab in Mumbai.
The 50-issue NSE Nifty in range-bound movements settled higher by 59.15 points, or 0.58 per cent, at 10,252.10.
Railway Budget has not discriminated against any state.
When 17 million Indians seek their fortune abroad it only means people are losing faith in the government's ability to honour its promises, says Sunanda K Datta-Ray.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances