Initially the new institution would be government-owned, with its stake being cut gradually to 26%, says Finance Minister Nirmala Sitharaman
Business Standard brings you top news of the evening
Proceeds will be part of ADB's ordinary capital resources
Higher tax-GDP is a must for financing security and development
Now that DFIs are making a comeback, three key issues will be crucial for their success -the availability of long-term funds at a reasonable cost, private-sector ownership, and professional management