India likely to get BRICS Bank presidency, headquarters to be in China

[third eye]

Indian media packaging real news hiding indian obstructionist attitude.
China is contributing most fund in CRA indians media bypassing such fact by spinning "equal share" spin
China and Russia are putting their money and effort the most but india wants to control, how preposterous is that?

Where are you getting your inputs from ?

Read this ' Indian News":

FORTALEZA, Brazil: Leaders of the BRICS group of emerging powers on Tuesday created a Shanghai-based development bank and a reserve fund seen as counterweights to Western-led financial institutions.

The leaders of Brazil, Russia, India, China and South Africa agreed to launch the institutions to finance infrastructure projects and head off future economic crises.

"These initiatives show that, despite our diversity, our countries are committed to a solid and productive associati ..

The Contingent Reserve Arrangement will have $100 billion at its disposal to head off potential economic volatility linked to the United States exiting its stimulus policy.

China is expected to make the biggest contribution, $41 billion, followed by $18 billion each from Brazil, India and Russia and $5 billion from South Africa.

Read more at:
New BRICS bank to be based in China, India to have presidency - The Economic Times