Lauded as one of the most remarkable Chinese initiatives in the international financial arena, the Asian Infrastructure Investment Bank (AIIB) sets the stage for China’s greater role in the international economic system as a prominent stakeholder. Headquartered in Beijing, the bank is expected to play a key role in plugging the infrastructure gaps in Asia, which have been estimated at US$8 trillion between the years 2010 and 2020. The setting up of the AIIB will have far-reaching economic as well as politico-strategic implications for countries across Asia and beyond. While the AIIB has been seen as a remedy to address infrastructure deficit in Asia, it is unlikely to meet the US$8 trillion goal on its own. The biggest challenge before the bank, therefore, is to prioritise in terms of selecting projects so that it optimally utilises the available financial resources and functions as a transparent and impartial organisation, in addition to making a swift and smooth transition from a ‘Chinese initiative’ to a ‘China-led initiative’ that yields equitable benefits to all its member countries.

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Examines one of the most important reforms relating to public enterprise (PE) policy in India, namely divestment of their share‐holdings. Discusses the philosophy, process, organizational mechanism, expectations and outcomes of divestment in PEs. Finally, points out the major weaknesses retarding the success of the newly introduced divestment policy and outlines some reformatory measures to overcome them. As a backdrop, presents the historical background, current scenario, and problems and performance of PEs in India, but has been restricted to the central PEs, i.e. enterprises owned and managed by the central government only.

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Rapid exploration and lavish consumption of underground petroleum resources have led to the scarcity of underground fossil fuels moreover the toxic emissions from such fuels are pernicious which have increased the health hazards around the world. So the aim was to find an alternative fuel which would meet the requirements of petroleum or fossil fuels. Biodiesel is a clean, renewable and bio-degradable fuel having several advantages, one of the most important of which is being its eco-friendly and better knocking characteristics than diesel fuel. In this work the performance of Karanja oil was analyzed on a four stroke, single cylinder, water cooled, variable compression ratio diesel engine. The fuel used was 5% -25% karanja oil methyl ester by volume in diesel. The results such obtained are compared with standard diesel fuel. Several properties i.e. Brake Thermal Efficiency, Brake Specific Fuel Consumptions, Exhaust Gas Temperature are determined at all operating conditions & at variable compression ratio 17 and 17.5.