Asian Development Bank (ADB)

State of the Climate in Asia 2024

The World Meteorological Organization’s State of the Climate in Asia 2024 report warns that the region is warming nearly twice as fast as the global average, driving more extreme weather and posing serious threats to lives, ecosystems, and economies. In 2024, Asia experienced its warmest or second warmest year on …

Industrial sector responsible for discharging waste into land, water: ADB

Roughly 48,000 tons of solid waste is generated every day in the Pakistan, while, most of the collection is dumped on low-lying land or is burned. According to an update study report on Environment Issues, released by Asian Development Bank revealed that the industrial sector is responsible for discharging some …

Carbon credits: Civic body to tie up with ADB

Mumbai The closure of the 25-year-old dumping ground at Gorai creek in Borivli has earned the Brihanmumbai Municipal Corporation Rs 27 crore by trade of an estimated 31,033 tonnes of carbon credits a year. The Asian Development Bank has agreed to purchase the carbon credits from the civic body at …

Sri Lanka gets US$85mn from ADB for water supply

Sri Lanka will get 85 million US dollars in loans and grants from the Asian Development Bank for water supply and sanitation in four regional urban areas, a government minister said. The ADB will give a 59.78 million loan with a 32-year payback and an eight year grace period from …

City Careless With Potable Water: ADB Study

Ahmedabad: For a long time the city has been careless with potable water supply and the authorities, under political pressure, have been avoiding reforms leading to wastage and unaccountable use of water. If price-sensitive Amdavadis are known for judicious spending, they do not seem to respect water. No wonder JNNURM …

Fresh water flow in Pakistani rivers reduced: ADB report

Asia development Banks (ADB) Country Environment Analysis disclosed that freshwater flows in Pakistan rivers have been substantially reduced by water diversion for agricultural irrigation in recent decades. Canal irrigation, due to low levels of efficiency has resulted in salinisation, thus adversely affecting crop yields. According to report, an excessive and …

Japan, ADB help Bangladesh tackle climate change challenges

Bangladesh is to receive support from Asian Development Bank (ADB) and Japan to tackle the huge challenges posed by climate change over the coming decades. ADB's Board of Directors yesterday approved a technical assistance grant of US$2 million from the Japan Special Fund to increase the capacity of government agencies …

$600 million BRTS projects fate hangs in balance

The $600 million Bus Rapid Transit System (BRTS) project of City District Government Karachi (CDGK) is in doldrums due to a lingering dispute between the provincial and city governments on the domain of the important infrastructure development project. According to CDGK sources the city government was to launch the project …

Global markets lost $50 tn in 2008: ADB

Financial markets across the world lost a whopping $50 trillion, including $9.6 trillion in the developing Asian market, which were the hardest hit by the global economic crisis, a latest ADB report said. The global financial turmoil which sliced the value of the worldwide financial assets by as much as …

Ombudsman asks Corporation not to fell more trees

KOLLAM: Ombudsman for Local Self-Government Institutions M.R.Hariharan has ordered the Kollam Corporation not to fell the remaining 42 trees that had been left after large-scale felling of trees by the Corporation for the widening of the Kappalandimukku-Asramam Muneeswarankoil road here. The order was issued on a complaint filed by environmentalist …

Weed-infested dump now a beautiful lake

S V Upendra Charya Spread over 90 acres, a sewage filled shrinking tank, Karanji lake was revived by the Mysore Zoo Authority some thirty years ago under Asian Development Bank Project. Once a garbage dumping ground, Karanji Lake is today an eye-catching bird sanctuary surrounded by a lush green Nature …

India sitting on unutilised foreign aid of Rs 78,000 crore: CAG

New Delhi: India is sitting on unutilised foreign assistance of a whopping Rs 78,000 crore and paying commitment charges to the World Bank and Asian Development Bank for not using the sanctioned amount.

Uncertainty over $150m ADB loan for flood project

The much-trumpeted US $ 150 million worth Assam Integrated Flood and Riverbank Erosion Risk Management Project (AIFRERMP) is facing an uncertainty due to the confusion over the funding of an amount worth US $ 15 million. The project is usually described as an Asian Development Bank (ADB)-funded one. Addressing a …

Power reform (Editorial)

The State is seeking a Rs1,200-crore ADB loan for power sector reforms, which is a good development. Given the doldrums the power sector has been in for decades, substantial funds are a must for putting the ailing sector back on the rails. Earlier in 2005, the much-needed power sector reforms …

Minister raps NHAI for delaying ADB, World Bank projects

PNS | New Delhi Following repeated complaints by World Bank and Asian Development Bank over serious delays in highway projects funded by these international agencies, Minister for Road Transport and Highways TR Baalu has pulled up National Highways Authority of India (NHAI) and asked them to set monthly targets for …

Report man-made destruction of sand dunes: Colva to Centre

HERALD REPORTER MARGAO, JAN 18 The special meeting called by the Colva Panchayat to deliberate on the Colva Beach management project by the Asian Development Bank saw locals asking the Central Government to first come out with a comprehensive report on the man-made destruction of sand dunes to make way …

Toxic toll on nervous system

SANJAY MANDAL Vehicular emission is getting on our nerves, with crippling consequences After destroying the lungs and damaging the heart, foul fumes from the city

Construction of Narmada project in full swing

Chronicle News Service Indore, Jan 2: Laying of pipeline for the third phase of Narmada Project here is in full swing. It will take another one-and-a-half year before testing of the project, scheduled in June. The project is being completed at an estimated cost of Rs 641 crore, with an …

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