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India is slowly turning into a startup hotspot for foreign nationals

A host of foreign nationals are relocating to India to fulfil their startup ambitions despite stumbling blocks.

Asian Development Bank

Jan 19, 2020, 08.21 AM IST

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ASIAN DEVELOPMENT BANK

L&T construction arm bags 'large' orders from multiple clients in domestic market

In a filing to BSE the company said in the water and effluent treatment segment it has bagged engineering, procurement and construction (EPC) from the Public Health Engineering Directorate, West Bengal for water supply in East Medinipur district. The project is funded by Asian Development Bank (ADB).

Rs 14,000-crore state support plan to strengthen road safety

The programme will be driven by a strict incentive-based structure for states de...

No hesitation in removing non-performing officers: Nitin Gadkari

Addressing a road safety stakeholders meet here on Monday, the minister of r...

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  • The large-scale manufacturing sector in the country witnessed a decline of 5.9 per cent in Q1-FY20 on YoY basis. This contraction was broad-based, as construction-allied industries, petroleum and automobile industries continued on downward path.

    November brought more bad news, GDP growth slipping to 4.5% between June and September 2019.

    "When the Sri Lankan government decided in 2002 to build a new port in Hambantota, China offered $1.1 billion in loans. It also supplied Chinese contractors. And when the port opened in late 2010 and immediately began losing money — so much that Sri Lanka couldn't even make interest payments on those loans — China offered a solution: foreclosure."

    On Friday, the bank said it has approved a USD 300 million policy-based loan that will help Pakistan to address financial sustainability, governance, and energy infrastructure policy constraints in country's energy sector.

    The govt is according high priority to the economy but at the same time, security issues are also important and the govt cannot work in "silos", the minister said at the Agenda Aaj Tak 2019. The road transport, highways and MSME minister said situation is challenging but the Indian economy, which is the fastest-growing economy, will progress fast.

    From Washington through European capitals to Moscow, Beijing and Tokyo, the world is taking a more relaxed view of Pakistan. At the same time, the view about India is taking a beating. Apart from major powers and the developed economies, almost all of India’s neighbours are also willing to carry on business as usual with Pakistan. Why?

    "India's growth is now seen at a slower 5.1 per cent in fiscal year 2019-20 as the foundering of a major non-banking financial company in 2018 led to a rise in risk aversion in the financial sector and a credit crunch. Also, consumption was affected by slow job growth and rural distress aggravated by a poor harvest," Asian Development Bank said.

    The ADB's quick dispersing special policy-based loan is part of a multi-donor economic reform programme led by the IMF to stabilise Pakistan's economy after a major deterioration in its fiscal position in 2018, according to a statement by the Manila-based regional lender.

    EESL was established in 2009 as a joint venture of four public sector undertakings of the Ministry of Power to pursue large-scale energy efficiency investments, providing a comprehensive package of project design, implementation, monitoring, and investment.

    In April, Avaada received a total investment of over Rs 1,000 crore from Asian Development Bank, DEG, Dutch finance development company FMO and company's promoter.

    He became the President of ADB on April 28, 2013.

    With this, the Beijing-headquartered developmental bank's overall commitment to the country has gone up to nearly USD 3 billion, making it the largest borrower with a 30 percent share.

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