Tuesday, July 29, 2014

Finmin rejects proposal to set up SAARC bank

The finance ministry has rejected a proposal by the commerce ministry to set up a development bank for South Asian Association for Regional Cooperation on the lines of the proposed BRICS bank, a finance ministry official said. The ministry rejected the proposal as there is already an institutional mechanism-- South Asian Development Fund-- to take care of the development needs of the region, the official said.......

No comments: