Prime Minister Narendra Modi had expressed hope, earlier in the day, that the US would ratify the quota reforms of the International Monitoring Fund, a key demand of the developing countries.
In 2008, India had to drop a proposal to borrow after China objected to a Rs 11,000 crore loan to strengthen electricity distribution and transmission in Arunachal Pradesh and Sikkim.
The RBI governor sounded a similar note of caution in Lima, Peru, a week ago on the sidelines of an IMF-World Bank meet.
Investments in the real economy are needed to ensure financial inclusion is for real.
According to the report, in India, inflation is expected to decline further in 2015, reflecting the fall in global oil and agricultural commodity prices.
Losses in agricultural production and damage to transport systems further pushed up prices, raising inflation to about 7 per cent, the IMF said in a statement after the conclusion of its latest mission to the Himalayan country.
European Economic and Monetary Affairs Commissioner Pierre Moscovici told reporters in Brussels he was confident the parliament would adopt the bill.
The European Community has drawn its most draconian line yet with Greece. But the third bailout will also fail.
Fresh polls published late Tuesday by Kapa Research found 72 per cent of Greeks surveyed thought the deal was necessary
Older multilateral institutions must adjust to new world order, or see more AIIBs, BRICS banks emerge.
The Pew study also follows the release of IMF and the OECD separate research papers that shows trickle down approach to the creation of wealth are not working across the globe.
The bleak picture came as Greek Finance Minister Yanis Varoufakis warned the government “may very well” resign if Greeks spurn its call to vote “No”.
The IMF paper notes that governments in emerging market economies need to push such efforts at inclusion to make a dent in inequality.
Greece has received nearly 240 billion euros from the European Union and IMF since 2010. The money has allowed it to stay afloat but at a high cost to its population, which has absorbed cuts to pensions, wages and public services.
By contrast the AIIB has been fast. The Bank, to be headquartered in Beijing, is expected to be operational by next year.