India, ADB sign $200 mn loan for Uttarakhand revamp
The Business Guardian|November 07, 2024
The Government of India and the Asian Development Bank (ADB) signed a USD 200 million loan on Wednesday to upgrade water supply, sanitation, urban mobility, and other urban services in Uttarakhand, the Ministry of Finance announced.
India, ADB sign $200 mn loan for Uttarakhand revamp

During the loan agreement signing, Juhi Mukherjee, Joint Secretary of the Department of Economic Affairs, noted that the project aligns with India's urban development agenda and supports Uttarakhand's efforts to enhance urban services, aiming to improve livability and sustainability in cities.

"The project aims to create urban infrastructure resilient to climate and environmental risks, such as floods and landslides, ensuring the safety and health of Uttarakhand's population," said Mio Oka, Country Director of the India Resident Mission at ADB.

"It will also build the capacity of state agencies in project management, climate- and disaster-resilient planning, own-source revenue generation, and gender mainstreaming."

Denne historien er fra November 07, 2024-utgaven av The Business Guardian.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra November 07, 2024-utgaven av The Business Guardian.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA THE BUSINESS GUARDIANSe alt
SC dismisses plea of Jayalalitha's niece for release of assets
The Business Guardian

SC dismisses plea of Jayalalitha's niece for release of assets

The Supreme Court on Friday dismissed a plea filed by former Tamil Nadu Chief Minister J Jayalalitha's one of the legal heirs challenging a Karnataka High Court order of January 13, which declined to return the movable and immovable assets, seized by the authorities, in the multi-crore disproportionate assets case.

time-read
1 min  |
February 16, 2025
Food subsidy accounts for over 50% of total Govt subsidy so far in FY25
The Business Guardian

Food subsidy accounts for over 50% of total Govt subsidy so far in FY25

The food subsidy has been the largest component of the government's total subsidy expenditure so far in the financial year 2024-25, accounting for more than 50 per cent of the total amount disbursed.

time-read
1 min  |
February 16, 2025
The Business Guardian

Court pulls up lawyer over misuse of video conferencing

Delhi's Karkardooma Court on Friday reprimanded a lawyer, Mehmood Pracha, for misusing video conferencing facilities by appearing while walking in an open land and subsequently from a moving motor vehicle.

time-read
1 min  |
February 16, 2025
ECONOMIC CONSEQUENCES OF TAX RELIEFS IN INDIA
The Business Guardian

ECONOMIC CONSEQUENCES OF TAX RELIEFS IN INDIA

In a surgical strike, perfectly timed to coincide with the Delhi elections, Finance Minister Nirmala Sitharaman cut income tax rates across the board from 1st April 2025.

time-read
3 mins  |
February 16, 2025
SC Extends Interim Protection From Arrest To Former IAS Trainee
The Business Guardian

SC Extends Interim Protection From Arrest To Former IAS Trainee

The Supreme Court on Friday extended its interim order of granting protection from arrest to former Indian Administrative Service (IAS) trainee officer Puja Khedkar, accused of forging her documents to obtain eligibility for the 2022 Union Public Service Commission test.

time-read
1 min  |
February 16, 2025
India's Inflation to Average 4.8% in 2025
The Business Guardian

India's Inflation to Average 4.8% in 2025

India's inflation is expected to average around 4.8 percent in 2025.

time-read
1 min  |
February 16, 2025
FPIs Took Out About Rs 1 Lakh Crore in Last 1.5 Months From Indian Markets
The Business Guardian

FPIs Took Out About Rs 1 Lakh Crore in Last 1.5 Months From Indian Markets

Foreign investors have been aggressively selling Indian equities since the beginning of 2025, with total outflows now approaching the Rs 1 lakh crore mark.

time-read
1 min  |
February 16, 2025
Decisive action needed on ultra-processed food products
The Business Guardian

Decisive action needed on ultra-processed food products

Warning labels, ad bans, and health taxes—India must act now to curb obesity and diabetes.

time-read
4 mins  |
February 16, 2025
The Business Guardian

Adani Green Withdraws From USD 442 Mn Sri Lanka Wind Power Project

Adani Green Energy announced on Thursday that it is withdrawing from the renewable energy (RE) wind power project and two transmission projects in Sri Lanka.

time-read
1 min  |
February 16, 2025
PM Modi to Participate in Bharat Tex
The Business Guardian

PM Modi to Participate in Bharat Tex

Prime Minister Narendra Modi will participate in Bharat Tex 2025 on Sunday.

time-read
1 min  |
February 16, 2025