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 chair.
- India was the founding member of the ADB in 1966 but ADB’s lending operations in India began almost 20 years later.
- ADB is a key multilateral lending organization with its head-quarters in the Manila, Philippines.
- ADB has 67 members, of which 48 are from Asia.
- The US and Japan are the largest shareholders of the ADB while India is the 5th largest.
ADB provided $1.5-billion to India for Covid response
The Asian Development Bank has provided fiscal support of 1.5 billion USD to India to fight against ...
Why did RBI direct HDFC bank to stop its Digital Launches?
The Reserve Bank of India recently asked the HDFC bank to temporarily stop all its launches under it...
ADB Loan for Meghalaya Power Distribution Sector
The Government of India recently signed 133 million USD loan Agreement with the Asian Development Ba...
IFSC submits its report on Capital Market to IFSCA
IFSC International Retail Business Development Committee has presented its final report to IFSCA on ...
IFSCA approves draft banking regulations at IFSC
International Financial Services Centres Authority (IFSCA) conducted a meeting on November 11 in New...
Month: Current Affairs - May, 2012
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