European Bank for Reconstruction and Development approves India’s membership

The European Bank for Reconstruction and Development (EBRD) has recently approved India’s membership after its shareholders gave their nod to make India its 69th member. The formal membership process will now get underway, which includes the purchase of shares by ..

India to host 3rd Annual Meeting of Board of Governors of Asian Infrastructure Investment Bank (AIIB)

India will host the 3rd Annual Meeting of the Board of Governors of Asian Infrastructure Investment Bank (AIIB) at Mumbai in June 25-26, 2018. The theme of the meeting will be ‘Mobilizing Finance for Infrastructure: Innovation and Collaboration. For this, ..

The European Investment Bank (EIB) signed € 300 million of loan pact with India for Bangalore Metro Rail Project Phase II

The European Investment Bank (EIB) has signed the Finance Contract with India to € 300 million for Bangalore Metro Rail Project Phase II Line R6. The objective of the project is to bring in a quantum improvement in the transportation ..

The Asian Development Bank (ADB) to increase annual lending to India to a maximum of $4 billion for 2018-22

The Asian Development Bank (ADB) will increase its annual lending to India to a maximum of $4 billion between 2018 and 2022 to help fasten inclusive economic transformation towards upper middle income status. The ADB’s programme in India will focus ..

EIB skeptical about recovery of Eurozone crisis within two years

The European Investment Bank (EIB) is doubtful about the recovery of Euro zone from its debt crisis within the next two years. As per the Bank the pressure on the European member state to settle the situation will remain for ..

Month: Current Affairs - July, 2012

Pranab Mukherjee elected Chair of ADB Governors’ Board

Finance Minister Pranab Mukherjee elected as Chair of the ADB’s Board of Governors. The 46th yearly meeting of ADB (Asian Development Bank) will be held in India in 2013. Mr. Mukherjee held that India is very happy to accept the ..

Month: Current Affairs - May, 2012