TBILISI, Georgia: The Asian Development Bank (ADB) is ready to increase financing of private sector projects in India that are in line with its sustainability goals, officials said on Friday.
Bhargav Dasgupta, ADB’s vice president for market solutions, said in a briefing that the multilateral bank does not start a year by setting country targets for financing, but rather looks at market opportunities and looks for new areas of financing. Also ready for, for example, the space sector in India.
“We look at opportunities, markets and projects and if it fits our objectives in terms of environmental, social and governance (ESG), climate etc, we take them,” Dasgupta said. He said that India is the biggest market for the agency. To finance private sector projects.
Dasgupta said ADB is very bullish on India’s economic growth and the multilateral agency is talking to some sponsors of projects in solar energy, hydropower, energy transition and battery storage sectors. “Where there is opportunity, we will be there,” Dasgupta said.
ADB President Masa Asakawa later said at a briefing that the multilateral bank was aware of India’s huge infrastructure financing need and that ADB would meet it “as much as possible.” The Indian government has increased spending on infrastructure in recent years as part of a strategy to generate demand in the economy and crowd in private investment.
According to information available from the agency, the total outstanding balance of ADB’s non-sovereign transactions and undistributed commitments in India as of December 31, 2023 stood at $2.39 billion, which is slightly more than one-fifth of ADB’s total private sector portfolio. ADB’s cumulative sovereign and non-sovereign loan and grant disbursements to India amount to $43.45 billion.
Read more: Federal Bank in final stages of sending names of CEO candidates to RBI
The multilateral bank announced on Friday that its 32 donors, including India, have agreed to fill its fund with $5 billion to deliver grants to the poorest and most vulnerable countries, to be used over four years starting in 2025. About 29 countries will benefit from this grant. In area.
Asakawa said ADB representatives are meeting amid a number of challenges affecting human and economic development. “It is up to us to accelerate efforts to tackle the climate crisis, eradicate poverty and promote inclusive socio-economic development,” Asakawa said.
Masa Asakawa said in response to a question that the major challenges to economic growth in Asia this year are geopolitical pressures, unstable global financial markets and food crises.
ADB last month projected that the Indian economy will grow by 7.2% in fiscal 2025 and said that despite uncertain external prospects, growth in developing Asia will remain resilient this year. According to ADB, the end of the interest rate hike cycle in most economies, as well as the continued improvement in goods exports due to improving semiconductor demand, are supporting the region’s broadly positive outlook. “India’s investment-driven growth will position it as a major economic engine in Asia,” ADB said in its forecast.
#ADB #ready #scale #private #sector #financing #projects #India
2024-05-04 15:40:16
ADB ready to scale up private sector financing projects in India
Food Safety Alert: Massive Ground Beef Recall at Walmart for E. coli Contamination
Recalled Beef Products Due to Contamination Concerns
Recent reports have highlighted the recall of beef products that were produced on April 26 and April 27. The U.S. Department of Agriculture issued the recall due to contamination concerns, urging consumers to be cautious.
The recalled beef products above were produced on April 26 and April 27.
U.S. Department of Agriculture Recall of Ground Beef Sold at Walmart Due to E. coli Concerns
More than 16,000 pounds of ground beef manufactured by Cargill Meat Solutions and retailed at Walmart have been recalled over fears of potential E. coli contamination.
The affected beef was processed on April 26 and April 27 and supplied to Walmart outlets across the eastern U.S., as reported by the U.S. Department of Agriculture.
As of now, there have been no confirmed cases of illness associated with the beef products, according to the USDA. Cargill initiated a voluntary recall as a precautionary measure.
The Pennsylvania-based food distributor raised concerns about possible contamination after realizing that previously separated products were unintentionally used in the production of ground beef, the agency stated.
The ground beef was distributed at Walmart stores in Connecticut, Washington, D.C., Massachusetts, Maryland, North Carolina, New Hampshire, Virginia, West Virginia, Ohio, Pennsylvania, Vermont, and New York.
Recalled Cargill Products:
- 2.25-lbs. plastic-wrapped trays of “93% lean 7% fat all-natural lean ground beef”
- 1.33-lbs. plastic-wrapped trays of four “prime rib steak burger patties”
- 2.25-lbs. plastic-wrapped trays of “85% lean 15% fat all-natural angus premium ground beef”
- 2.25-lbs. plastic-wrapped trays of “80% lean 20% fat all-natural ground beef chuck”
- 1.33-lbs. plastic-wrapped trays of four “80% lean 20% fat all-natural ground beef chuck patties”
- 1.33-lbs. plastic-wrapped trays of four “90% lean 10% fat all-natural ground beef sirloin patties”
Consumers are advised by the USDA to discard or return the affected products to the place of purchase.
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Understanding the Root Cause of UTIs
Urinary Tract Infections (UTIs) are a common health issue that affects millions of people each year. While the primary cause of UTIs is often attributed to bacteria entering the urinary tract, recent research has uncovered a hidden factor that may contribute to the development of these infections.
The Role of Biofilms in UTIs
One emerging theory suggests that biofilms, which are communities of bacteria that adhere to surfaces, may play a significant role in the development of UTIs. These biofilms can form on the lining of the urinary tract, providing a protective environment for bacteria to thrive and evade the body’s immune response.
Preventing UTIs
While antibiotics are commonly used to treat UTIs, addressing the underlying issue of biofilm formation may be key to preventing recurrent infections. Maintaining good urinary tract health through hydration, proper hygiene, and dietary choices can help reduce the risk of biofilm formation and UTI development.
Additional Strategies for UTI Prevention
- Drinking plenty of water to flush out bacteria
- Urinating frequently to prevent bacteria from accumulating in the urinary tract
- Avoiding irritants like caffeine and alcohol that can exacerbate UTI symptoms
Conclusion
By understanding the role of biofilms in UTIs and taking proactive steps to prevent their formation, individuals can reduce their risk of developing these painful infections. Incorporating healthy habits into daily routines can go a long way in maintaining urinary tract health and overall well-being.
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Food Safety Alert: Massive Ground Beef Recall at Walmart for E. coli Contamination
Apartment Sales Price Trends in South Korea: A City-by-City Analysis
Rate of change in apartment sales price index by city/city / Data = Korea Real Estate Agency
[시사저널e=노경은 기자] Apartment prices in Seoul have risen for six consecutive weeks. There was still a large gap between selling and buying prices, so prices remained mixed, but prices rose mainly in favored complexes in some regions. Jeonse prices continued to rise for 50 consecutive weeks due to a shortage of listings.
As a result of a survey by the Korea Real Estate Board on the 4th of the national weekly apartment price trend in the fifth week of April (on the 29th of last month), the selling price decreased by 0.02% and the jeonse price increased by 0.02% .
Weekly apartment sales prices across the country continued to fall last week (-0.02%). The metropolitan area (0.00% →-0.01%) declined, Seoul (0.03% → 0.03%) refused to maintain the increase, and the decline widened in regional areas (-0.03% →-0.04%).
Sales prices in Seoul rose 0.03%. By autonomous region, in Gangbuk region, Nowon-gu (-0.02%) and Jongno-gu (-0.02%) showed a wait-and-see attitude and fell, but Seongdong-gu (0.15%), Mapo-gu ( 0.08%), and Jung-gu (0.05%) rose. In the Gangnam area, Yeongdeungpo-gu (0.07%), Dongjak-gu (0.07%), Seocho-gu (0.05%), Gangnam-gu (0.05%), and Yangcheon-gu (0.05%) were recorded to have increased.
Incheon turned up from flat a week ago to 0.02% this week, and the economy fell 0.03%, maintaining the rate of decline from a week ago.
In regional areas, the five largest metropolitan cities decreased by 0.04%, and Sejong and eight provinces decreased by 0.29% and 0.02%, respectively.
National weekly flat rental prices maintained their increase last week (0.02%). The increase was maintained in the metropolitan area (0.07% → 0.07%) and Seoul (0.07% → 0.07%), and the decline was reduced in regional areas (-0.02% → -0.01%).
Seoul has been up for 50 weeks. Continuing from last week, the rate of rise was maintained at 0.07%.
An official from the Real Estate Institute said, “The upward trend continued with a shortage of properties for sale, such as constant demand for rentals mainly in small-scale areas and subway areas with good settlement conditions and relatively high preference, and upward transactions in be maintained. over.”
In the 14 Gangbuk districts, Seongdong-gu (0.15%), Nowon-gu (0.12%), Gwangjin-gu (0.11%), and Gangbuk-gu (0.11%) increased, while in the Gangnam 11 district, Geumcheon-gu ( 0.09%), Gangseo-gu (0.08%), and Dongjak-gu (0.08%) %) and Seocho-gu (0.08%) have risen.
Incheon rose 0.10%, and Gyeonggi rose 0.05%, a decrease in the increase compared to last week (0.06%).
In regional areas, the five largest metropolitan cities showed a flat rate, with Sejong falling 0.24% and eight provinces falling 0.02%.
#Apartment #prices #Seoul #rise #weeks #rental #prices #risen #weeks #row
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Apartment Sales Price Trends in South Korea: A City-by-City Analysis