Govt sets aside funds for BRICS bank, none for AIIB

Mint 2018-02-16

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Reaffirming its commitment to the BRICS New Development Bank (NDB) which is expected to rival the International Monetary Fund and the World Bank, India has set aside Rs 930 crore in the 2015-16 budget in addition to Rs100 crore it has earmarked for the current financial year ending 31 March.

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