https://www.taxtmi.com/news?id=19080 Cabinet approved initiation of steps for India's accession to the European Bank for Reconstruction & Development (EBRD), directing the Department of Economic Affairs to acquire membership. Approval is in-principle and contemplates a minimum initial investment based on acquiring the minimum shares required for membership; higher share purchase would raise the financial commitment. Membership is intended to expand access to the Bank's countries of operation, sectoral knowledge, co-financing opportunities, technical assistance for private-sector development, and to improve investment climate and market access for Indian firms. en-us Wed, 22 Nov 2017 17:42:57 +0530 Wed, 22 Nov 2017 17:42:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19080 Cabinet approved initiation of steps for India's accession to the European Bank for Reconstruction & Development (EBRD), directing the Department of Economic Affairs to acquire membership. Approval is in-principle and contemplates a minimum initial investment based on acquiring the minimum shares required for membership; higher share purchase would raise the financial commitment. Membership is intended to expand access to the Bank's countries of operation, sectoral knowledge, co-financing opportunities, technical assistance for private-sector development, and to improve investment climate and market access for Indian firms. News - Wed, 22 Nov 2017 17:42:57 +0530 https://www.taxtmi.com/news?id=19080