Tag Archives: Asian Development Bank

Ashok Lavasa joining as Vice President ADB

Newsroom24x7 Network

New Delhi: Election Commissioner Ashok Lavasa , a former finance secretary, is taking over as Vice President of the Asian Development Bank.

Lavasa assumed charge as Election Commissioner of India on 23 January, 2018. He is a retired Indian Administrative Service (IAS) officer of Haryana cadre (Batch 1980). Prior to his appointment as Election Commissioner of India, Lavasa retired on superannuation as Union Finance Secretary Earlier, he was, Union Secretary Ministry of Environment, Forests & Climate Change and also Ministry of Civil Aviation.

Arun Jaitley calls upon Japanese companies to set up facilities in India

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India’s Minister for Finance, Corporate Affairs and Defence Arun Jaitley meeting Finance Minister of Japan Taro Aso, on the sidelines of the annual Asian Development Bank Board of Governors’ meeting, in Yokohama, Japan on May 07, 2017.

Yokohama: India’s Finance Minister Arun Jaitley has underscored the initiatives under the “Make in India” campaign and called upon Japanese companies to set up facilities in India for manufacture of rolling stock for the metro rail projects during a bilateral discussion with the Finance Minister of Japan, Taro Aso here today .

Both the Ministers have noted the growing synergy between India and Japan and committed themselves towards working closely to further expand India-Japan bilateral economic cooperation.

Arun Jaitley tells Asian Development Bank (ADB) President Takehiko Nakao to ensure primacy is accorded to the views of developing countries in ADB’s operations

Jaitley also had a meeting with Asian Development Bank (ADB) President Takehiko Nakao and discussed India-ADB bilateral engagements. While expressing satisfaction that India today is the largest client of ADB, Jaitley urged Nakao to ensure that since ADB provides services to Developing Member Countries, the Bank should ensure that primacy is accorded to the views of developing countries in ADB’s operations and resource planning.

Jaitley is on a three-day official visit to Japan to participate in the Annual Meeting of Board of Governors’ of Asian Development Bank (ADB) among others. During his visit, the Finance Minister is being accompanied by Shaktikanta Das, Secretary, Department of Economic Affairs (DEA) and other senior officials of the Ministry of Finance.

Madhya Pradesh takes lead, constructs maximum roads

Devendra Joshi

Madhya Pradesh Road sectorBhopal: Maximum roads under Pradhan Mantri Gram Sadak Yojana (Prime Minister’s Rural Roads Scheme) have been constructed in Madhya Pradesh, the central Indian State that has received maximum funds for rural roads

Since the launch of the Prime Minister’s Rural Roads Scheme, sanction has been granted to construct 16346 roads in Madhya Pradesh with a total length of 69643 kms. These include roads under the Integrated Action Plan (IAP) in naxalite-affected districts. Work on 13618 roads with a total length of 61271 kms has been completed. Of the total amount of Rs. 19143 crore sanctioned by the Centre for rural roads in Madhya Pradesh, Rs. 15368 crore has been spent.

For road construction under Pradhan Mantri Gram Sadak Yojana, Madhya Pradesh received assistance to the tune of Rs. 13488 488 crore for 57593 km long roads and Rs. 3478 crore for 2858 roads with a total length of 12049 kms from Asian Development Bank (ADB). Till May this year, work on 51391 kms of 11583 roads with a total outlay of Rs. 12655 crore has been completed in the state. Similarly, with the help of Asian Development Bank, 2035 roads measuring 9880 kms were constructed at a cost of Rs. 2583 crore. Madhya Pradesh will get as grant the amount repaid to Asian Development Bank by Government of India under the Prime Minister’s Rural Roads Scheme.

These roads are providing all-weather transport facility to 5836 villages with a population of 1000 or more and 6668 villages with 500 to 250 population. During the 2011-12 fiscal, the Central Government had sanctioned Rs. 532.82 crore for constructing 458 roads measuring 1665.79 kms in 8 districts under IAP.

Special attention is also being paid on quality of construction under Prime Minister’s Rural Roads Scheme. For this, 3-tier monitoring arrangements have been made. Aong with departmental inspectors, state quality monitors and national quality monitors have also been appointed. They inspect all road construction works from time to time. Along with departmental staff, supervision and quality control consultants have also been appointed to ensure quality of works.

 

Friends of the Lower Mekong and the sustainabilty initiative

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Xe DonWashington DC, Feb. 3: Friends of the Lower Mekong, a donor coordination group, have come together with the countries of the Lower Mekong to discuss the connection between water resources, energy needs, and food security.

Carrying forward this objective, US Counselor Tom Shannon and Senior Advisor to the Secretary Ambassador David Thorne led a U.S. delegation to the Extraordinary Meeting of the Friends of the Lower Mekong in Pakse, Laos on Monday. Accompanying Mr. Shannon and Ambassador Thorne were representatives from the U.S. Army Corps of Engineers, U.S. Agency for International Development (USAID), Environmental Protection Agency, and the Department of Energy.

The health of the Mekong River is essential to the economic growth and sustainable development of the region. In Cambodia, the Mekong supports the rich biodiversity of a watershed that provides more than 60 percent of the protein intake for the entire country. The river irrigates the “rice bowl” in Vietnam, where more than half of the nation’s rice production is concentrated in the provinces that make up the Mekong delta. In Laos, Thailand, and Burma, the Mekong is an important artery for transportation, a water source for aquaculture and agriculture, and a generator of electricity.

Meeting participants discussed the challenges of ensuring a future in which economic growth does not come at the expense of clean air, clean water, and healthy ecosystems. The meeting brought together senior officials from Laos, Burma, Cambodia, Thailand, and Vietnam alongside representatives from the United States, the Mekong River Commission, the Asian Development Bank, the World Bank, the European Union, and the governments of Australia, Denmark, Finland, Germany, Japan, Korea, the Netherlands, and Sweden.

At the meeting, the U.S. delegation announced several new initiatives, including the launch of USAID’s Sustainable Mekong Energy Initiative (SMEI). Through the SMEI, the United States will promote the use of alternative energy and low-emission technologies. The delegation also announced that the Department of State will organize and send a Sustainable Energy Business Delegation to the region later this year.

The U.S. Army Corps of Engineers announced that it will provide technical assistance on hydropower management and the Mississippi River Commission signed a five year extension to its agreement with the Mekong River Commission to exchange knowledge, information, and best practices. In conjunction, Counselor Shannon and Ambassador Thorne announced that the State Department will contribute $500,000 in support of a Mekong River Commission study on the impacts of hydropower on the community and environment.

In a joint statement, the United States agreed to collaborate with the Asian Development Bank, the World Bank, and others to support development of a national energy grid inLaos. When completed, this national energy grid will help provide stable, reliable electricity to millions of people throughout the country. Counselor Shannon announced that the State Department is working with the U.S. Department of Energy and the Government of Laos to develop a “smart hydro” project that will increase the efficiency and environmental sustainability of its existing small hydropower assets and help build technical capacity in hydropower management.

The Friends of the Lower Mekong will also work together to strengthen the capacity of Lower Mekong countries to more effectively implement social and environmental safeguards such as environmental impact assessments and strategic environmental analyses. The U.S. Government, Asian Development Bank, World Bank, Japanese International Cooperation Agency, and the Government of Australia plan to jointly develop a Regional Impact Assessment Training Center at the Asian Institute of Technology Center in Vietnam.

Under the auspices of the Lower Mekong Initiative, the United States is continuing successful projects like Smart Infrastructure for the Mekong (SIM) to provide technical assistance to the region on land and water use management, renewable energy, and infrastructure development. This year, $1.5 million will be spent on SIM projects in the Mekong region.

US secretary of State John Kerry even shared his personal vision for promoting sustainabilty of the Mekong in an op-ed on Foreign Policy

 


Laos, officially the Lao People’s Democratic Republic, is a landlocked country in Southeast Asia, bordered by Burma and the People’s Republic of China to the Northwest, Vietnam to the east, Cambodia to the South, and Thailand to the West.

Pakxe is the capital and most populous city in the southern province of Champasak, making it the third most populous city in Laos. Located at the confluence of the Xe Don and Mekong Rivers (wikipedia)