BANKING AFFAIRS

Detailed explanation-1: -In a bid to improve the tourism infrastructure in Tamil Nadu, the Asian Development Bank signed a loan agreement for $31 million with the Central Government here on Tuesday. The aim is to build the tourism industry in the state and also boost visitor arrivals.

Detailed explanation-2: -The Asian Development Bank (ADB) and the Government of India today signed a $350 million loan to improve the connectivity of key economic areas in the state of Maharashtra.

Detailed explanation-3: -ADB Provides Loan for Urban Development in Agartala, India The Asian Development Bank has approved a $61 million loan to improve livability, harness technology, and promote new developments to accommodate the expanding population in the city of Agartala, India.

Detailed explanation-4: -ADB supports building India’s economic competitiveness and job creation, helps address climate-related challenges, and assists low-income states. ADB also promotes private sector development, gender empowerment, regional integration, and knowledge services along with capacity development.

Detailed explanation-5: -The Asian Development Bank (ADB) is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.