Thomson Reuters | Monday June 29, 2015
China will hold a 30.34 per cent stake in the Asian Infrastructure Investment Bank (AIIB), its finance ministry said on Monday, making Beijing the largest shareholder in a multilateral institution that will project the country's growing soft power.
World News | Reuters | Sunday June 28, 2015
One of China's biggest ever foreign policy successes will take concrete shape on Monday when delegates from 57 countries sign an agreement on the Asian Infrastructure Investment Bank (AIIB) in Beijing.
India News | Press Trust of India | Thursday June 25, 2015
The New Development Bank (NDB), promoted by BRICS nations, is expected to begin operations by April next year, its first President KV Kamath said today.
World News | Agence France-Presse | Thursday June 25, 2015
Nepal is to host a major meeting of donors Thursday to raise funds to rebuild the quake-devastated country, hoping to dispel doubts that money will be lost to corruption and reconstruction hamstrung by red tape.
World News | Agence France-Presse | Tuesday June 23, 2015
China's Premier Li Keqiang is to visit France and Belgium on a wide-ranging trip starting this weekend, the foreign ministry said today.
World News | Reuters | Friday June 19, 2015
The United States said on Thursday it would not "paper over" differences between the United States and China when top officials of the world's two largest economies meet to discuss financial and political strategy in Washington next week.
India News | Press Trust of India | Wednesday June 17, 2015
China is keen to establish a high speed rail link between Kunming and Kolkata as part of its efforts to revive the ancient silk route, traversing through Myanmar and Bangladesh.
Tuesday June 16, 2015
RBI has cut benchmark interest rate by a total of 0.75 per cent in three tranches since January. As regards the wholesale inflation, it has been in the negative territory for the past seven months.
Tuesday June 16, 2015
ADB's annual lending capacity, he added, is expected to increase to as much as $20 billion a year from the current level of $13 billion based on the merger of its Asian Development Fund lending operations with its Ordinary Capital Resources balance s...
World News | Reuters | Sunday June 14, 2015
Earthquake-battered Nepal will ask international donors to support a reconstruction plan that is expected to cost $6.6 billion over five years, the government said on Saturday.
Thomson Reuters | Friday May 22, 2015
Rajan also said that the World Bank and Asian Development bank should be ready to bring in long-term risk capital for infrastructure projects in emerging markets.
World News | Reuters | Thursday May 21, 2015
Japan unveiled a plan on Thursday to provide $110 billion in aid for Asian infrastructure projects, as China prepares to launch a new institutional lender that is seen as encroaching on the regional financial clout of Tokyo and its ally Washington.
World News | Agence France-Presse | Saturday May 16, 2015
China's foreign minister worked today to allay concerns that Beijing's new regional infrastructure bank would not meet international standards as he met with US Secretary of State John Kerry.
Wednesday May 6, 2015
With a foreign fund house getting a court stay on the controversial Minimum Alternate Tax (MAT) levy, the Income Tax Department on Tuesday said it will study the Bombay High Court's order before taking a view on the matter.
Thomson Reuters | Monday May 4, 2015
Finance Minister Arun Jaitley on Monday sought "deeper engagement" of the Asian Development Bank (ADB) for development of smart cities, industrial corridors and railways as part of flagship initiatives like 'Make In India' and 'Skill India'.
Saturday April 25, 2015
Multi-lateral lending agency Asian Development Bank (ADB) on Saturday said it will provide a loan worth $2 billion to construct or upgrade over 31,000 kms of rural roads in five states to lend support to Prime Minister's Gram Sadak Yojana (PMGSY).
India News | Press Trust of India | Wednesday April 22, 2015
India is likely to get the Vice-President's post in China-backed Asia Infrastructure Investment Bank (AIIB) in which India and 56 countries have been admitted as founding members.
India News | Press Trust of India | Monday April 13, 2015
Finance Minister Arun Jaitley is leaving for the US tomorrow night to attend the IMF-World Bank Spring meetings in Washington.
World News | Agence France-Presse | Tuesday April 7, 2015
China's new development bank can have an important role in fighting extreme poverty if it establishes high standards for its projects, World Bank President Jim Yong Kim said today.
World News | Reuters | Wednesday April 1, 2015
China welcomes Taiwan's decision to apply to join the Beijing-led Asian Infrastructure Investment Bank (AIIB) as long as the self-ruled island uses an appropriate name, state news agency Xinhua reported today.
World News | Agence France-Presse | Wednesday April 1, 2015
US Treasury Secretary Jacob Lew said on Tuesday that Washington was "ready to welcome" the China-led Asian Infrastructure Investment Bank (AIIB), easing toward the new development institution after the US expressed early concerns.
Thomson Reuters | Saturday March 28, 2015
Russia, Australia and the Netherlands on Saturday became the latest three countries to say they plan to join the China-led Asian Infrastructure Investment Bank (AIIB), adding clout to an institution seen as enhancing China's regional and global influ...
World News | Reuters | Wednesday March 25, 2015
Australia is "well and truly" disposed to join the China-led Asian Infrastructure Investment Bank (AIIB), Prime Minister Tony Abbott said today, but wants to know how much power Bejing would hold in the institution before a formal decision.
Press Trust of India | Tuesday March 24, 2015
India's growth and investor confidence will improve on the back of government's structural reform agenda and improved external demand.