adb

China's finance minister has criticized US tariffs for destabilizing the global economy, while the foreign ministry insists the US must drop its threatening stance for any agreement. The ongoing trade dispute escalates as the US imposes high tariffs, prompting retaliation from Beijing. Despite hints of possible trade talks, China demands the removal of tariffs, a condition President Trump has dismissed.

Following the recent terror attack in Jammu and Kashmir, India is preparing to urge international financial institutions like the IMF and World Bank to reassess their financial aid to Pakistan. This diplomatic push comes before a crucial IMF meeting where Pakistan's financial arrangements will be discussed. India aims to highlight concerns about Pakistan's role in fueling terrorism.

The Indian government abruptly removed Krishnamurthy Subramanian from the IMF board, six months before his term ended, amidst disagreements over IMF datasets and allegations of impropriety related to his book promotion. This decision precedes a crucial IMF meeting regarding a $1.3 billion climate resilience loan to Pakistan, a move India opposes.

Following the Pahalgam attack, India has taken several actions against Pakistan. India suspended the Indus Waters Treaty and closed the Wagah-Attari border. Diplomatic ties were downgraded, and Pakistani diplomats were declared persona non grata. Visas for Pakistani nationals were revoked, and airspace was closed. Trade and shipping ties have been suspended.

Dhamtari district in Chhattisgarh has been awarded the Prime Minister's Excellence Award 2023 for its innovative GIS-based water conservation plan. The initiative revitalized water structures, created new Amrit Sarovars, and enhanced agricultural potential through data-driven planning. Despite challenges like declining water tables, the district implemented measures such as crop diversification and industrial compliance to promote sustainable water management.

Nirmala Sitharaman is on an 11-day visit to the US and Peru, engaging in key international meetings. She will attend IMF and World Bank Spring Meetings, and the G20 Finance ministers meeting. Sitharaman will meet counterparts from various nations and global institution leaders.

India's economy is projected to grow at 6.7% in FY25, driven by domestic demand, rural income growth, and moderating inflation, according to adb. The RBI revised its growth forecast to 6.5%. Key sectors like services, agriculture, and manufacturing are expected to contribute significantly. Risks include US tariffs and global economic uncertainty.

Ankura Hospitals, a Hyderabad-based healthcare provider, has secured funding of Rs 165 crore from the Asian Development Bank to support its expansion plans. The strategic investment will enhance its facilities and healthcare services across India, particularly in pediatric, maternity, and gynecology care. Ankura currently operates over 1500 beds across 14 hospitals in multiple states.

The Andhra CM has raised 1 lakh crore to revive Amaravati, his pet capital project, that was halted in 2019 when Jagan Reddy came to power. PM Modi is set to flag off the relaunch later this month