The Asian Development Bank (ADB) has extended loans worth Rs 1,462 cr to the government to fund railways transport services, boost agri-business infrastructure in Bihar and improve road infrastructure in the north-eastern region of the country.

In three separate loan agreements signed between ADB and the government, Rs 750 crore will be used to develop the railway system, Rs 374 crore to improve road connectivity in the north-eastern region and Rs 338 crore will be used to boost agri-business infrastructure in Bihar, an official statement said today.

“Serious social and environmental violations,” says group

An independent fact-finding team has called for suspension of work related to the upcoming 4,000 MW Tata Mundra Ultra Mega Power Project (UMPP) in Gujarat, citing “serious social and environmental violations”. The team, led by former Chief Justice of Sikkim S.N. Bhargava, released a report –‘The Real Cost of Power’- and presented the findings from the ground. “The project has disproportionately high social, environmental, and economic costs.

Rapid urbanisation may lead to 605 million people in Asia going without improved drinking water sources by 2015, says a new report by Asian Development Bank and Lee Kuan Yew School of Public Policy

Chief Minister Oommen Chandy on Saturday said that the lack of successful models which could showcase the efficiency of the new waste management technologies to be introduced, was creating credibility issues among the public. He was speaking at the seminar on municipal waste management here.

“This is one of the greatest problems that the government is facing. Even if new technology is introduced, people are not willing to accept the same. There are no successful models to demonstrate the efficiency of the method,” he said.

The Bagmati Civilisation Integrated Development Committee (BCIDC) has initiated a new programme to give new looks to the holy Bagmati River.

The country has suffered Rs 324.5 billion losses due to flood damages and rehabilitation, said Economic Survey 2011-12 released.

The government on Monday signed a technical assistance grant agreement of $1.2 million with the Asian Development Bank to help sustain incomes and livelihoods of people in the erosion-prone main ri

The Asian Development Bank has announced participation in its first Shariah-compliant project financing by providing assistance to two projects to build wind farms near Karachi, using two partial c