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BRICS BANK
CBDT exempts interest payments on rupee-denominated bonds issued by New Development Bank from TDSThe exemption applies to holders of Maharajah INR Bonds who are Indian residents or foreign institutional investors, for the 2026-27 tax ye...- Lula vs Bolsonaro: As Brazil lies on the brink of tilting right, India watches its major BRICS partnerFlávio Bolsonaro secured leading votes against incumbent Luiz Inácio Lula da Silva in Brazil's elections on October 4. The runoff on Octobe...
- ‘For global trade’s sake, hope our US deal is inked soon’: FM Nirmala SitharamanNirmala Sitharaman expressed optimism regarding the speedy conclusion of the India-US trade agreement during her recent interaction. She hi...
- India-US trade pact would be concluded at earliest, in interest of global trade: FM SitharamanIn a promising update on the India-US trade agreement, Nirmala Sitharaman indicated that negotiations are progressing well, with Commerce M...
- No Fitch, Moody's or S&P, please: The Big 3 face a new challengeThe African Union established the Africa Credit Rating Agency to provide better assessments for African economies. This initiative aims to ...
- Gujarat to turn ocean into next big industry: Rs 100 crore marine biotech corridor planned in Porbandar; seaweed, algae & microbes could soon fuel new business boomAn initiative of the Gujarat State Biotechnology Mission (GSBTM), Department of Science and Technology, the proposed corridor is envisioned...
- ‘Emerging Markets’ is Obsolete: India, Taiwan and South Korea no longer fit neatly in the same boxCurrent classifications distinguishing between emerging and developed financial markets fall short of accuracy, as illustrated by South Kor...
- India’s economic resilience strengthens global leadership prospects: Jean-Pierre LandauAmidst ongoing geopolitical tensions and global economic uncertainty, India is showcasing remarkable resilience, paving the way for enhance...
- Egypt navigates Mecca pact, steps up ties with IndiaPresident Abdel Fattah el-Sisi of Egypt met Indian Prime Minister Narendra Modi to deliberate over the Mecca Pact. Their talks centered on ...
- BRICS isn’t killing the dollar. The world is learning to live without itBRICS aims to decrease reliance on the US dollar by facilitating trade in national currencies among member countries. This trend is evident...
- Astana International Financial Centre explores to partner with India's GIFT CityAstana International Financial Centre is exploring potential collaboration with India's GIFT city due to regional proximity. This partnersh...
- FM Sitharaman meets AIIB President, suggests expansion of financing beyond physical infraFinance Minister Nirmala Sitharaman met Asian Infrastructure Investment Bank (AIIB) President Zou Jiayi and suggested the bank expand its f...
- India is a stable economy with the ability to withstand external headwinds, says DEA Anuradha ThakurIndia has established its economy as stable amidst global uncertainty, with significant growth in GDP from $2.5 trillion to $4.3 trillion, ...
- Economic Affairs Secretary underlines need for household savings to be channelled into India's financial systemEconomic Affairs Secretary Anuradha Thakur emphasised India's potential for greater global financial integration. She highlighted the impor...
- Rupee has scope to stabilise, appreciate: RBI deputy governor Poonam Gupta"One may think of the cumulative depreciation of the INR in the past year and a half to be a temporary phenomenon," she said. "If anything,...
- BRICS tax model needs to reflect reality: FM Nirmala SitharamanIndia will lead both working groups. The meeting also approved terms of reference of the BRICS Tax Support Network. Addressing the BRICS He...
- Cannot rest on tailwinds, have to be conscious of risks, says PM's Principal SecretaryMishra listed fragmented global alliances, dependence on imports, pressure on the country's external accounts and artificial intelligence a...
- India’s BRICS presidency demonstrates New Delhi’s convening powerIndia's BRICS presidency convened an expanded grouping, achieving consensus on practical cooperation. The Delhi Declaration emphasized zero...
- South Africa agrees $1 billion infrastructure loan with New Development BankSouth Africa has secured a one billion dollar loan agreement. This funding from the New Development Bank will facilitate crucial municipal ...
- Making a dollar detour: Why BRICS isn’t breaking up with the dollarThe latest BRICS declaration emphasizes interoperable payment systems and local currency settlement. It explicitly avoids proposing a commo...
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