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RBI Deputy Governor Rajeshwar Rao pitches for enhanced global cooperation to tackle climate changeRBI Deputy Governor M Rajeshwar Rao advocated for greater global collaboration, including technology transfer and R&D funding, to tackle cl...- BRICS must reflect credibility, lead Global South by example: PM Modi at Rio SummitPrime Minister Modi urged BRICS nations to be a catalyst for global cooperation and multipolarity at the 17th BRICS Summit. He emphasized i...
- BRICS is not aimed against anyone even in current geo-political scenario, says Russian Deputy envoyRussia has stated that the existing de-dollarisation environment justifies the creation of financial instruments by the Brazil-Russia-India...
- India needs country strategy to guide India-New Development Bank partnership: Ashwani K MuthooThe absence of a country strategy poses challenges to project performance, Muthoo said in an interview with ET, even after expressing satis...
- Egypt joins BRICS bank as new member weeks after President Sisi's India visitDays after El-Sisi visited India for the Republic Day celebrations, the Egyptian Parliament endorsed the agreement that allowed the country...
- G20 Presidency: Can India be the global south’s voice for climate finance?MDBs are being encouraged by the G20 to submit an update on the recommendations of the G20’s independent CAF review in Spring 2023 on the s...
- NDB first multilateral agency to open office in Gift CityThe Indian office will help identify suitable projects and try to create a pipeline of potential financing for the bank. Kishora said NDB a...
- India welcomes Egypt as member of New Development Bank of BRICSA statement by the bank said its membership expansion is in line with its strategy to become the premier development institution for emergi...
- View: India's new bank for infra financing is clearly mandated to have a ‘developmental role’As Nirmala Sitharaman let us know on Tuesday, it is to start with an equity base of Rs 20,000 crore — the largest-ever institutional startu...
- Prime Minister Narendra Modi invites Bangladesh to join the BRICS BankBangladesh Prime Minister Sheikh Hasina has expressed her interest in being a part of the initiative, Indian High Commissioner to Dhaka Vik...
- India signs $1 billion loan with NDB to support MGNREGS and rural infrastructureThe loan will aid India’s economic recovery from the pandemic “by supporting expenditures on rural infrastructure related to natural resour...
- India pitches to enhance New Development Bank's emergency assistance from $ 1 billion to $ 10 billionThe issue was flagged by union finance minister Nirmala Sitharaman at annual meeting of the board of governors of the National Development ...
- Expansion of bank membership on agenda of BRICS SummitThe summit will suggest BRICS, or the New Development Bank (NDB) board, to consider expansion of membership. Entrants to the Bank could be ...
- BRICS bank will help transfer knowledge with funds: KV KamathLean, and anything but mean – that is his vision for NDB. In fact, that is part of what is new in the NDB’s nomenclature, he explained.
- Most NPAs will turn productive in the short run: K V Kamath, BRICS BankChina's NPAs used to be 50% of its GDP and it has been cleaned up. In India, it is less than 10% and nothing to get worried about.
- Brics may take big steps on infrastructure financing, new development bankBRICS member-states are also expected to discuss the pending issue of IMF reforms to give a louder voice to developing countries in decisio...
- BRICS Bank: Will it be able to fulfil ambitions of emerging nations?Tired of waiting for their economic weight to be reflected in international financial institutions, they understandably decided to set up t...
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