shine india monthly magazine

shine india monthly magazine

shine india monthly magazine Published this article page no 12   On social media Russian shoppers are noting early price increases for some products particularly electronics and appliances.  Many people in Russia who work for foreign companies have been anxious about being able to receive pay as the first batch of key Russian banks has been booted from the interbank SWIFT system to target oil and gas profits.  International artists and cultural organizations have also imposed their own restrictions.  Impact on oil prices Russia is not only the worlds third biggest oil (after the US and Saudi Arabia) and the second biggest natural gas (after the US) producer besides the No. 3 coal exporter (behind Australia and Indonesia). It is also the second largest exporter of wheat. What is AIIB? Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond. The Parties (57 founding members) to agreement comprise the Membership of the Bank.  It is headquartered in Beijing.  The bank started operation after the agreement entered into force on 25 December 2015 after ratifications were received from 10 member states holding a total number of 50% of the initial subscriptions of the Authorized Capital Stock. Aim By investing in sustainable infrastructure and other productive sectors today it aims to connect people services and markets that over time will impact the lives of billions and build a better future. Membership  There are more than 100 members now. Voting Rights  China is the largest shareholder with 26.61 % voting shares in the bank followed by India (7.6%) Russia (6.01%) and Germany (4.2 %).  The regional members hold 75% of the total voting power in the Bank. Various organs of AIIB Board of Governors The Board of Governors consists of one Governor and one Alternate Governor appointed by each member country. Governors and Alternate Governors serve at the pleasure of the appointing member. Board of Directors Nonresident Board of Directors is responsible for the direction of the Banks general operations exercising all powers delegated to it by the Board of Governors. International Advisory Panel The Bank has established an International Advisory Panel (IAP) to support the President and Senior Management on the Banks strategies and policies as well as on general operational issues. Insta Curious Did you know that Former Reserve Bank of India (RBI) governor Urjit Patel is currently the vicepresident of the Asian Infrastructure Investment Bank (AIIB) shine india monthly magazine buy.

shine india monthly magazine