Former chief secretary of Gujarat D J Pandian has been appointed vice-president and chief investment officer of the Newly-created Asian Infrastructure Investment Bank (AIIB).






"AIIB has approved appointment of D J Pandian as vice-president and chief investment officer. Welcome development," Economic Affairs Secretary Shaktikanta Das tweeted.

AIIB President-designate Jin Liqun had last month called on Prime Minister Narendra Modi and also had meetings with officials of the Finance Ministry.The Beijing-based USD 100 billion multi-lateral lender AIIB was set up to boost lending for infrastructure projects.

In a significant move aimed at putting an end to the contentious nuclear liability issue and assuage suppliers' concerns, India on Thursday ratified the Convention of Supplementary Compensation for Nuclear Damage, marking an important step in addressing matters related to civil nuclear liabilities.