FM Sitharaman attends 5th Annual Meeting of Board of Governors of AIIB
Business
- Finance Minister Nirmala Sitharaman attended the 5th Annual Meeting of the Board of Governors of Asian Infrastructure Investment Bank (AIIB).
- The discussions at the meeting broadly covered official business including election of the President of the AIIB and a roundtable discussion on the theme ‘AIIB 2030-Supporting Asia’s Development over the Next Decade’.
- She also highlighted India’s efforts in supplying critical medical health kits to tackle the COVID-19 pandemic and nation's support towards the global efforts of COVID-19 vaccine trials.
Source: AIR
Related General Knowledge
Ministry of Finance
- The Ministry of Finance is an important ministry within the Government of India concerned with the economy of India, serving as the Indian Treasury Department.
- In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, centre and state finances, and the Union Budget.
- The Ministry of Finance is the apex controlling authority of the Indian Revenue Service, Indian Economic Service, Indian Cost Accounts Service and Indian Civil Accounts Service.
- Founded: 29 October 1946
- Headquarters: New Delhi
- Jurisdiction: India
- Departments: Department of Expenditure, etc
- Officeholders: Nirmala Sitharaman (Minister)
Asian Infrastructure Investment Bank
- The Asian Infrastructure Investment Bank is a multilateral development bank that aims to support the building of infrastructure in the Indo-Pacific region.
- The bank currently has 78 members as well as 24 prospective members from around the world.
- Headquarters: Beijing, China
- Membership: 78 Members
- Main organ: Board of Governors; Board of Directors
- President: Jin Liqun