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China and 20 other countries move to establish Asian Infrastructure Investment Bank in Beijing; India and Singapore sign MoU

China and 20 other countries moved forward Friday towards setting up an Asian infrastructure lender seen as a counterweight to Western backed international development banks. The signatories put their names to a Memorandum of Understanding, MoU, to establish the Asian Infrastructure Investment Bank,...


Nepal set to become founding member of proposed AIIB

Nepal is set to become a founding member of the proposed Asian Infrastructure Investment Bank (AIIB). Finance Minister Ram Sharan Mahat departed for China on Thursday to sign a memorandum of understanding (MoU) on the establishment of the multilateral bank making Nepal one of the creators.


TRAI seeks more information on availability of 3G spectrum

Telecom Regulatory Authority of India (TRAI) has sought more information on the availability of 3G spectrum while proposing that vacant 3G slots be put up for upcoming auction along with the spectrum in 900 Megahertz (MHz) and 1,800 MHz bands. In a letter to the Department, the regulator s...


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