Canada’s government has announced it will halt its work at the China-led Asian Infrastructure Investment Bank (AIIB). The dramatic move comes after allegations surfaced that the Chinese Communist Party interfered substantially in the organisation’s work. India’s voting power in the AIIB is second only to China’s and the country has been a key beneficiary of the bank's loans.
3 Jul 2023Indian economy is the third largest in terms of purchasing power parity, says PM Narendra Modi said at the third annual general meeting of AIIB in Mumbai
3 min read26 Jun 2018India was isolated in its criticism of CPEC and was the only country at this month's SCO summit in Qingdao in China that refused to endorse the Belt and Road Initiative (BRI)
2 min read25 Jun 2018Interim finance minister Piyush Goyal also said that capacity building to handle big infra projects is also a challenge
2 min read25 Jun 2018The Asian Infrastructure Investment Bank (AIIB) will also invest $200 million in India's National Investment and Infrastructure Fund (NIIF), says economic affairs secretary Subhash Chandra Garg
1 min read25 Jun 2018This year's AIIB meet theme is Mobilizing Finance for Infrastructure: Innovation and Collaboration, given the private sector's vital role in bridging the infrastructure gap
2 min read25 Jun 2018It appears to be well on its way to becoming a credible institution that promises to make an important contribution in providing regional and global public goods
4 min read1 Mar 2018China-based Asian Infrastructure Investment Bank (AIIB) approves $1.5 billion in loans to India for infrastructure-related projects in 2018, says a senior AIIB official
1 min read27 Feb 2018Japan could consider joining China's Asian Infrastructure Investment Bank if it makes some changes, says Yoshihisa Inoue, secretary general of Shinzo Abe's coalition partner, Komeito
1 min read7 Dec 2017Asian Infrastructure Investment Bank is open to fund financially viable projects in India's infrastructure sector, says Sir Danny Alexander, vice president and corporate secretary at AIlB
2 min read24 Aug 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared