India To Be Second Largest Shareholder in China's AIIB with 10.40% Share - Likely To Get VP's Post

[Indian_Devil]

Better we ban all Chinese goods to India .Just to make Pakistan happy . For that Pakistan should import from India ...

Deal or no deal ?

forget the goods, Pak will not even import vegetables (hinduon ki shaklo waale karele and Tinde) from India...
so, no deal only feel...

 

[Nilesh Singh]

I said what I said not to calm Pakis. I said it because India & China are enemies and you dont do business with enemies. Modi is new PM. He will know in few days that doing business with China is bad for India.

BRO.........what are you smoking.Your post is complete nonsense. Ind-China trade is reaching 100 billion dollars; and no we are not enemies, we are competitor with border land dispute.

 

[Abhitej]

India and China are doing business for a long time now. in 2012 our trade with china was 73 billion and was expected to cross 100 billion by 2015. Even US and Russia do bussiness with each other man

Yes but that should not happen. We import goods worth 60 billion & export goods worth 10 billion. China puts restrictions on imports. Better to ban Chinese goods & but from other countries.

BRO.........what are you smoking.Your post is complete nonsense. Ind-China trade is reaching 100 billion dollars; and no we are not enemies, we are competitor with border land dispute.

There is no India China trade. There is only China to India one way trade. We import 60 billion USD from China & export USD 10 billion to China. China puts restrictions on imports from India. Dont be a fool & think India China trade is beneficial to India.

dude from where do you guys crop up. Pls read about the India China border dispute and understand before making such bold statements.

Both India and China made mistakes in 1962 but India's share of the mistake was the highest. so chill the Chinese were never our enemies we are our own enemies.

Forget 1962 & border dispute. China has an expansionist attitude and is enemy of all its neighbors.

 

[Ajaxpaul]

Will the bank approve money to be spent in infra building in Arunachal Pradesh ??

I would like India to try.

 

[Abhitej]

Considering the fact that India has a bitter experience in terms of in management structure and control in IMF and World Bank - BRICS's NDB (which was conceived by India itself) and AIIB seem to be worthy to engage in.

For example, consider that U.S. votes on the IMF executive board outnumber those of India by about 9 to 1 and at the World Bank by about 6 to 1, and the President of the World Bank is always an American citizen. The Obama Administration and members of the G-20 recognized this problem in 2010 and this recognition led to agreement among all members of the IMF and World Bank to a series of reforms but then the Congress of the United States has blocked the reforms for fear of dilution of American authority, and they remain unimplemented.

The Asian Development Bank estimates that Asia will need to invest about $800 billion a year on infrastructure through 2020. The estimated India’s share of that needed investment at about $200 billion a year. In this year’s budget, the government increased central government and state-owned enterprises infrastructure investment to about $40 billion and set up a National Investment and Infrastructure Fund for another $3.3 billion. While there will be some contributions from the states, the gap in infrastructure funding will have to come from other financing sources. Private funds can be leveraged by public funds through public-private partnerships but still Indian public sources at present levels will not be sufficient to obtain the needed private funds. In short, India needs outside help to fill its gap in infrastructure financing.

Thats a dangerous strategy. Help your enemy to hurt western countries.

 

[Chanakya's_Chant]

China, India likely to be biggest shareholders in AIIB

China's President Xi Jinping (front C) poses for photos with guests at the Asian Infrastructure Investment Bank launch ceremony at the Great Hall of the People in Beijing October 24, 2014. REUTERS/TAKAKI YAJIMA/POOL/FILES​

SINGAPORE: China is likely to hold a 25-30 percent stake in the new Asian Infrastructure Investment Bank (AIIB) while India will be the second-biggest shareholder, delegates said on Friday after a three-day meeting of the bank's founding member-nations.

AIIB said in a statement that it expected to be operational by the end of the year. It said the meeting in Singapore finalised the articles of agreement, which are expected to be ready for signing by the end of June, but did not give details. (bit.ly/1FrydwQ)

No details of the ownership structure were disclosed, but delegates told Reuters that China would likely take a 25-30 percent stake in the bank, and India was likely to be the second-largest shareholder.

China's share in the $100 billion lender would be less than 30 percent, an Asian delegate told Reuters. A second delegate said India's share would be between 10 and 15 percent. Both spoke on condition of anonymity.

In all, Asian countries are expected to own between 72 and 75 percent of the bank, while European and other nations will own the rest.

Another delegate said each country representative would take the proposals back to their governments for a final decision.

Some were skeptical of the timeline for the bank to start running, as each member will need to obtain cabinet and legislative approvals at home.

"It is uncertain if we can start from early next year," said one of the delegates.

"China hopes that members will get such approvals by year-end and the operations start from the next year. But I wonder if it is possible, given domestic political situations in each country."

A total of 57 countries have joined AIIB as its prospective founding members, throwing together countries as diverse as Iran, Israel, Britain and Laos.

The United States and Japan have stayed out of the institution, seen as a rival to the U.S.-dominated World Bank and Japan-led Asian Development Bank, citing concerns about transparency and governance, although Tokyo for one is keeping its options open.

AIIB's launch is coming at a time when the space for infrastructure lending is already crowded due to the presence of major multilateral lenders and Japan's latest move to provide $110 billion for Asian infrastructure projects.

The amount of Japanese funds, to be invested over five years, tops the expected $100 billion capitalization of the AIIB.

Jahangir Aziz, head of emerging market Asia economics at JPMorgan, said spending on infrastructure was a great idea on paper, but it was unclear how the AIIB or the New Development Bank, a lender promoted by China and other members of the BRICS group of nations, would be structured.

"We will have to wait for the actual structure of governance before we can see how successful these (institutions) will turn out to be," he said. "The proof of the pudding will be in the eating."

(Reporting by Karen Lema in MANILA and Manoj Kumar in NEW DELHI; additional reporting by Eveline Danubrata in JAKARTA, Aradhana Aravindan, Rujun Shen, Jongwoo Cheon and Saeed Azhar in SINGAPORE; Editing by Raju Gopalakrishnan)

Source:- China, India likely to be biggest shareholders in AIIB| Reuters

 

[Chanakya's_Chant]

India is set to formally consider next week a proposal to join China-led Asia Infrastructure and Investment Bank. The finance ministry has moved the proposal ahead of June 29, when all member countries have to ink the articles of association for the multilateral lender.

With 57 countries joining the bank, all of the $100 billion authorised capital has been allocated. India's share will work out to less than 10% while that of China, the largest shareholder, is 25%. India, which has a border dispute with China, can draw comfort from the bank's decision to adopt the laid down lending practices followed by other global lenders such as the World Bank with regard to disputed territories.

Cabinet to consider India’s membership of China-led multilateral lender AIIB - The Economic Times

 

[uparyupari]

Will the bank approve money to be spent in infra building in Arunachal Pradesh ??

I would like India to try.

Why ? Its more practical to use that money for the REST OF INDIA

Only a pakistani puts his shoulder chip before his meal. Are you one ? if not, stop sounding like one.

 

[Chanakya's_Chant]

Representatives from 50 founding countries, including India, today signed an agreement that provided the legal framework for the China-led $ 100 billion multilateral Asian Infrastructure Investment Bank (AIIB).

"China, India and Russia are the three largest shareholders, taking a 30.34 %, 8.52 %, 6.66 % stake, respectively. Their voting shares are calculated at 26.06 %, 7.5 % and 5.92 %," state-run Xinhua news agency reported.

50 nations including India sign pact on China-led investment bank

 

[Chanakya's_Chant]

Here are the top 10 shareholders among the bank's members.

10. United Kingdom

Non-regional member

Capital subscription: $3.05 billion

9. Brazil

Non-regional member

Capital subscription: $3.18 billion

8. Indonesia

Regional member

Capital subscription: $3.36 billion

7. France

Non-regional member

Capital subscription: $3.38 billion

6. Australia

Regional member

Capital subscription: $3.69 billion

5. South Korea

Regional member

Capital subscription: $3.74 billion

4. Germany

Non-regional member

Capital subscription: $4.48 billion

3. Russia

Regional member

Capital Subscription: $6.54 billion

2. India

Regional member

Capital subscription: $8.37 billion

1. China

Regional member

Capital subscription: $29.78 billion

The China-initiated Asian Infrastructure Investment Bank (AIIB) took a historic step forward on Monday with the signing of a framework for the current 57-member institution.

The bank will have authorized capital of $100 billion, with China contributing to $29.78 billion and owning 26.06 percent of the votes, according to the agreement.

India and Russia are the second- and third-largest shareholders.
The AIIB, proposed by President Xi Jinping in 2013, is the first major multilateral lender with developing countries holding the majority of the shares and votes.

The signing wrapped up six months of intense behind-the-scenes negotiations and paved the way for establishing the bank before the end of this year.

Top 10 shareholders of the Asia Infrastructure Investment Bank - People's Daily Online