CURRENT AFFAIRS

Detailed explanation-1: -MANILA, PHILIPPINES (3 November 2022) - The Asian Development Bank (ADB) today approved a $350 million loan to improve the connectivity of key economic areas in Maharashtra, India.

Detailed explanation-2: -Multilateral funding agency Asian Development Bank (ADB) on Friday approved a USD 350 million (about Rs 2, 900 crore) loan to improve the road connectivity of key economic areas in Maharashtra.

Detailed explanation-3: -ADB offers hard currency loans, both senior and subordinated, as well as mezzanine financing. We also offer local currency loans in selective markets on a case to case basis. Interest rates and other terms vary, depending on a company’s or project’s needs and risks.

Detailed explanation-4: -ADB assists its members, and partners, by providing loans, technical assistance, grants, and equity investments to promote social and economic development.

Detailed explanation-5: -1. Adjusted Debit Balance. The amount of money an investor owes on a margin account. This is calculated as the amount the investor directly owes his/her broker less the paper profit the investor has made on short sales and similar transactions on a special miscellaneous account.