-PTI NEW DELHI: Rain and flash floods have pushed back development works in Uttarakhand by decades and the challenge at the moment is to build smarter projects without impacting the fragile environment of the hilly region, said World Bank's country director Onno Ruhl. "In Uttarakhand, the challenge is to build smarter, so that they do not undermine the fragility of the environment," he told PTI after the approval of a $250 million...

-Reuters NEW DELHI: The Asian Development Bank will provide a $500 million loan to build a transmission system for solar and wind energy in western India, the bank said on Friday, a day after it announced a $400 million package for a water and sanitation programme in the eastern part of the country. The loans from the Manila-based bank come at a time when India is looking to boost dollar inflows to...

-The Economic Times For all the controversy around it, the breathtaking scope of India's food security scheme for nearly two-thirds of the population sends a powerful message across developing Asia. The region leads the world in the pace of economic growth, yet public spending on social protection as a share of GDP is lower than that in any other region except sub-Saharan Africa. Economic growth is a proven means to lift millions...

-The Economic Times NEW DELHI: Large numbers of poor and vulnerable are exposed to risks and unexpected difficulties like unemployment, ill health, and natural disasters, an Asian Development Bank ( ADB) study says, because of lack of adequate social protection systems in many fast-growing middle-income countries in Asia and the Pacific. The Social Protection Index: Assessing Results for Asia and the Pacific-released on Wednesday gives India a score of 0.051, below most...

-PTI The Finance Ministry has sought financial assistance from World Bank and Asian Development Bank (ADB) for rebuilding of damaged infrastructure in flood- ravaged Uttarakhand. "In view of the emergency situation, both ADB and the World Bank have been requested to fast track the processes of needs assessment, project preparation and approval," the Finance Ministry said in a statement. It said a joint mission of the World Bank and ADB, led...