Finance Minister Arun Jaitley will attend the annual meeting of China-led Asian Infrastructure Investment Bank (AIIB) to be held in mid-June in South Korea. AIIB aims to promote economic development of the region by supporting infra projects. India is the second-largest shareholder of AIIB, with 7.5 per cent stake after China which has 26.06 per cent voting shares. Russia and Germany have 5.93 per cent, 4.5 per cent stake, respectively.
TO READ THE FULL STORY, SUBSCRIBE NOW AT JUST Rs 149 A MONTH