India News | Press Trust of India | Wednesday August 5, 2015
India has said it would consider providing a new Line of Credit to Nepal for the construction of a 76-km long fast track road that connects the Himalayan country with the Indian border.
World News | Reuters | Wednesday August 5, 2015
The International Monetary Fund should put off any move to add the yuan to its benchmark currency basket until after September 2016, IMF staff said in a report which showed a mixed performance of the renminbi on meeting key financial norms.
Press Trust of India | Monday July 27, 2015
The loan will help bolster bank's efforts to improve farm efficiency by extending customised and affordable agriculture credit, that will help leverage its semi-urban and rural branch network to deliver agriculture credit, the city-headquartered lender said in a statement.
World News | Reuters | Thursday July 23, 2015
Sri Lanka plans to store and use a billion cubic metres of rainwater per year, which would otherwise drain into the sea, in an ambitious effort to boost irrigation and power production.
Thomson Reuters | Tuesday July 21, 2015
Officials from the world's largest emerging nations launched the New Development Bank (NDB) on Tuesday, the second of two new policy banks heavily backed by Beijing that are being pitched as alternatives to existing institutions such as the World Bank.
World News | Reuters | Tuesday July 21, 2015
Officials from the world's largest emerging nations launched the New Development Bank (NDB) today, the second of two new policy banks heavily backed by Beijing that are being pitched as alternatives to existing institutions such as the World Bank.
Press Trust of India | Thursday July 16, 2015
The Supplement to the Asian Development Outlook 2015, which was released in March, lowered the growth projections for China to 7 per cent for 2015, from the earlier 7.2 per cent.
India News | Press Trust of India | Thursday July 9, 2015
In a major shift from the way multilateral lenders functions, borrowers' interest will be paramount for the $100-billion BRICS Bank as against the common practice of lenders' view getting preference, the first chief on the new institution KV Kamath has said.
Press Trust of India | Wednesday July 8, 2015
Stating that funding requirements are huge at $1-2 trillion for each BRICS country, including India, Kamath said he sees other multilateral lending institutions such as IMF, World Bank and Asian Development Bank (ADB) as "partners, not rivals" in working for growth of the developing world.
India News | Press Trust of India | Friday July 3, 2015
With focus on enhancing strategic, economic and energy ties, Prime Minister Narendra Modi will travel from July 6 to 13 to five Central Asian countries as also Russia where he will attend the summits of BRICS and Shanghai Cooperation Organisation (SCO).
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 sheet.
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.