Categories: Business

India eyes $2.5 billion loans from World Bank, ADB as subsidy costs rise

India is in discussions with the World Bank and Asian Development Bank for approximately $2.5 billion in loans to support urban infrastructure and job creation. This move aims to bolster capital for government spending, which has been impacted by rising oil prices and increased subsidy expenditures due to the Middle East conflict.

The News Vista

Leave a Comment
Share
Published by
The News Vista
2 months ago

Recent Posts

Meta CEO Zuckerberg apologises for child abuse ads, deepfakes and errors in operations

Post Content

1 hour ago

As gold, stock markets lose lustre – why your humble fixed deposit is forever

Experts say that instead of timing the interest rate cycle, fixed deposits should be opted…

1 hour ago

After Pakistan boxer, Uganda athletes go ‘missing’ in Glasgow after CWG

Scottish police are probing reports of athletes from Pakistan and Uganda going missing after the…

2 hours ago

Nearly half of India’s workforce wants a new job. Here’s why

Google leads India's most attractive employer brands, with Tata Group and Amazon following closely. Nearly…

2 hours ago

Microsoft has ‘good news’ and ‘bad news’ for engineers using AI coding tools

Microsoft has told engineers to curb AI token spending, with EVP Jay Parikh writing in…

2 hours ago

Novig trolls Kenny Pickett after Panthers start him over Bryce Young

With Kenny Pickett stepping up as the Carolina Panthers’ new starting quarterback, he navigates the…

2 hours ago