asian infrastructure investment bank


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What is AIIB? India, its largest borrower, accused of Chinese influence

Asian Infrastructure Investment Bank (AIIB) has 106 approved members. By comparison, the IMF and the World Bank have around 190 member countries each.

China is the main shareholder and commands 27 per cent of the voting power.(REUTERS)
Published on Jun 15, 2023 02:46 PM IST
AFP | | Posted by Singh Rahul Sunilkumar

Haryana CM Khattar greenlights rail link between IGI & Hisar airport

The link will be via Bijwasan-Gurugram-Garhi Harsaru-Sultanpur-Farukhnagar-Jhajjar for freight as well as passengers. The feasibility report in this regard was presented in the meeting of Haryana Rail Infrastructure Development Corporation (HRIDC), presided over by chief secretary Sanjeev Kaushal, on Wednesday

Haryana chief minister (CM) Manohar Lal Khattar has approved rail connectivity between Indira Gandhi International Airport at Delhi and Maharaja Agrasen Airport at Hisar. (HT File)
Updated on Apr 12, 2023 10:04 PM IST
By, Chandigarh

India applies for $2bn loan from AIIB, ADB for vaccine purchase

Officials in New Delhi aware of the plan said it was not an unusual practice and was meant to leverage India’s membership of multilateral financing institutions as many countries do.

The ADB has agreed to finance $1.5 billion and AIIB will supplement (it) with another $500 million. The vaccines will be purchased (by India) under a competitive process
Updated on Oct 28, 2021 04:48 AM IST
BySutirtho Patranobis, Beijing
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