Free Press Journal
  • India uses AIIB to diversify its funding sources

    India has already begun diversifying its funding sources by looking for more financial support from the three year old Asia Infrastructure Investment Bank (AIIB), headquartered in Beijing. Hitherto, it had sought financial aid from bodies like Japan’s ODA, the Asian Development Bank (ADB) and the World Bank and the IFC besides other commercial bands and funds.

  • mumbai, india, china, One Belt One Road Initiative, Shaukat Aziz, Asian Infrastructure Investment Bank, AIIB, Former prime minister of Pakistan

    Mumbai: India & China have to resolve issues around One Belt One Road initiative, says Shaukat Aziz

    Mumbai: Former prime minister of Pakistan, Shaukat Aziz, who was in the city recently, said that India and China should resolve their issues around One Belt One Road initiative and come to terms. Aziz, who was attending 3rd Asian Infrastructure Investment Bank (AIIB) meeting, said, “Both parties (China and India) have to agree. I don’t see why both countries will not come together. If they get better connectivity, better roads, it is

  • AIIB to invest $200 mn in NIIF’s fund of funds

    Mumbai : The Asian Infrastructure Investment Bank (AIIB) board on Sunday cleared a $200-million investment into the National Infrastructure Investment Fund (NIIF) that will help funnel up to $2.4 billion into the infra sector later.

  • P M Modi emplanes for China

    PM Narendra Modi to inaugurate third AIIB annual meet on Jun 26

    New Delhi: Prime Minister Narendra Modi will inaugurate third annual meeting of Asian Infrastructure Investment Bank on June 26 in Mumbai, which will discuss ways to expand infrastructure investment in the region, among other things.

  • Arun Jaitley

    Single GST rate can’t work at the moment, says Arun Jaitley at AIIB

    New Delhi: Union Finance Minister Arun Jaitley on Tuesday lauded the Asian Infrastructure Investment Bank (AIIB), which is investing in various infrastructure projects of India, saying India aspires to improve the quality of life, especially for those living in rural areas. Jaitley said rural infrastructure must be improved in order to bring about a change in ‘quality of life’ of people residing in villages.

  • ‘India preparing projects worth USD 2-3 bn for funding by AIIB’

    Beijing : India is preparing a basket of projects worth USD 2-3 billion for funding by the Asian Infrastructure Investment Bank (AIIB) in several areas including urban development and energy and offered to set up an office of the China-backed bank in New Delhi. On the third day of his visit here, Finance Minister Arun Jaitley made the offer while addressing the Board of Governors Session of the Annual General Meeting (AGM) of

  • Arun Jaitley

    India to decide on projects to be referred to AIIB: Jaitley

    Beijing: India has a massive infrastructure programme and will decide on which of the projects under it could be referred to the Asian Infrastructure Investment Bank (AIIB) for funding, Finance Minister Arun Jaitley said today. Jaitley made the remarks ahead of the crucial AIIB Board of Governors meeting which he attended.

  • Mukherjee lists 8 steps to resolve issues between India, China

    Beijing: Outlining eight “pillars” for the future of India-China relations, President Pranab Mukherjee today underlined the need for comprehensively resolving challenges including the boundary question through “political acumen” and “civilisational wisdom”.

  • China-backed AIIB formally established in Beijing

    Beijing:  China-backed Asian Infrastructure Investment Bank (AIIB) in which India is a founder member along with other 56 countries was today formally established here and expected to start operation next month. “The AIIB is legally established as the Articles of Agreement take effect today,” China’s Finance Minister Lou Jiwei said.

  • Modi’s China visit opens up new vistas

    Prime Minister Narendra Modi is all set to undertake yet another, but by now familiar, string of three-nation tour starting with China on May 14 that takes him to Mongolia and South Korea before he heads home to be in time for the celebration of his first year in office. Though Modi seldom likes to be compared with India’s first and most popular Prime Minister Jawaharlal Nehru who etched his name in

  • India likely to become VP of China floated AIIB

    New Delhi :  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.

  • More European countries to join AIIB

    Beijing: The membership of the Asian Infrastructure Investment Bank (AIIB) is set to expand further with France, Germany and Italy reported to have agreed to join the China-proposed institution. The decision of the three European countries, which was revealed by British newspaper The Financial Times and yet to be officially announced, came in the wake of Britain’s application last week to be a founding member of the $50-billion bank, Xinhua reported.