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ADB Chief Economist Albert Park said crude oil prices are likely to remain elevated due to the prolonged Middle East crisis. He warned that higher oil prices could reduce India’s GDP growth, raise inflation and affect food prices through rising fertiliser and gas costs

Industries Minister D Sridhar Babu said the Asian Development Bank is yet to approve the Musi Rejuvenation project but is largely satisfied. The Telangana government is exploring multiple funding options, including PPP mode, to take the project forward

Tripura Tourism Minister Sushanta Chowdhury said the fest would be organised in four different places in the state between December 3 and 14.

The release said that the ADB-supported project will upgrade 1,800 Anganwadi centers and construct around 600 new ones in hard-to-reach areas.

In an update to its Asian Development Outlook, the ADB said inflation is expected to continue to fall, approaching pre-pandemic levels as fuel and food prices decline.

ADB also approved financing to help the government improve equitable access to comprehensive primary health care in urban areas.