India for deeper engagement of ADB for smart cities, railways
Jaitley was speaking at the First Business Session of the 48th Annual Meeting of the ADB
May 05, 2015
Source : Business Standard

 

New Delhi: Finance Minister Arun Jaitley on Monday sought "deeper engagement" of the Asian Development Bank (ADB) for development of smart cities, industrial corridors and railways as part of flagship initiatives such as 'Make In India' and 'Skill India'.

"India is expected to grow at 7.5-8 per cent in both 2015 and 2016. This only reaffirms India's fascinating growth prospects. In a time span of less than a year, our government has taken a number of steps to revive the economy. Our goal is to place the Indian economy on a high and sustained growth trajectory through focus on infrastructure development, skills development, improving ease of doing business and economic reforms, including comprehensive social safety net and fiscal discipline," he said.

Jaitley was speaking at the First Business Session of the 48th Annual Meeting of the ADB at Baku in Azerbaijan.

The ADB should aim at an annual business of $20 billion by 2020, he said, adding, "Twenty by Twenty should be (ADB's) corporate goal, the mantra ... ADB not only needs to become bigger, it also needs to become better, as a model among the MDBs (multilateral development banks)."

Observing that India is ADB's largest client, Jaitley said the partnership should now move to the next level.

Latest Realty News

Maharashtra-govt-plans-to-start-'housing-fund'
May 05, 2015
Mumbai: In a bid to make homes more affordable for people in Maharashtra, the state government is planning to start a 'housing fund'
Secondary-property-market-showing-signs-of-recovery
May 05, 2015
New Delhi: Sales in the secondary property market are slowly picking up
Modi-government-faces-opposition-test-on-GST-and-Real-Estate-Bills
May 05, 2015
NEW DELHI: The government's legislative agenda may suffer a setback
Pvt-equity-investors-fund-realty-sector-amidst-slowdown-fears
May 05, 2015
Pune: Private equity investors have not lost faith in the potential this sector holds as they continued to pump in money
BMC-office-proposal-trips,-builder-scores
May 04, 2015
Bhubaneswar: The development authority has two different sets of building plan approval rules for government agencies and private builders
5-lakh-Mumbai-families-likely-to-be-hit-by-Rent-Act-amendments
May 04, 2015
MUMBAI: A state housing department plan to amend the Rent Control Act has created panic among residents
Homebuyers-of-Emaar-MGF's-Gurgaon-project-protest-‘2-year-delay’
May 04, 2015
GURGAON: Disgruntled homebuyers of Emaar MGF's Palm Terrace on Golf Course Extension Road in Sector 66 staged a protest against the builder
Opposition-slams-govt-over-flip-flop-in-discretionary-quota-probe
May 04, 2015
Bhubaneswar: Opposition parties in the state have criticised the government for its U-turn over cancellation of land allotments under discretionary quota
Realtors-back-to-selling-reality,-not-dreams
May 04, 2015
NEW DELHI: Sales pitches by real estate firms and property brokers are becoming more realistic as they learn from a slowdown and a consequent softening of returns
DV-Sadananda-Gowda-asks-Rahul-Gandhi-to-study-the-new-real-estate-bill
May 04, 2015
MANGALURU: Union Law and Justice Minister DV Sadananda Gowda today lambasted Congress Vice President Rahul Gandhi for criticising Prime Minister Narendra Modi over the Real Estate Regulatory Authority Bill

Latest Realty News Of State

Realty Talk's