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BRICS+ Expansion: What It Means For India And The Global South
On 1 January 2024, BRICS, the intergovernmental organisation comprising Brazil, Russia, India, China and South Africa, admitted four new members: Egypt, Ethiopia, Iran and the UAE.
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BRICS Bank Aims To Issue First Indian Rupee Bond By October
The development bank founded by the so-called BRICS countries is planning to issue its first Indian rupee bond by October, its chief operating officer said on Monday, as the lender comes under pressure to raise and lend more in local currencies.
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BRICS Bank Approves Loans For Mumbai Metro, Delhi-Ghaziabad-Meerut Rapid Rail
The New Development Bank (NDB) of the BRICS countries has approved USD 241 million loan for Mumbai Metro and USD 500 million for the Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) Project.
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BRICS To Allocate $15 Billion For Rebuilding Economies Hit By COVID-19
The New Development Bank of the BRICS grouping will set aside USD 15 billion to help its members tide over the economic crisis triggered by the coronavirus pandemic, Russian Foreign Minister Sergey Lavrov announced after a meeting of the five-nation bloc.
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Money In Swiss Banks: India Slips To 74th Place, UK Remains On Top
India has moved down one place to 74th rank in terms of money parked by its citizens and enterprises with Swiss banks, while the UK has retained its top position, as per data released by the central banking authority of the Alpine nation.
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BRICS Bank Approves $525 Million Loan For Infra Projects In Madhya Pradesh
The New Development Bank (NDB) of the BRICS countries has approved a $525 million loan to Madhya Pradesh for infrastructure projects, it said on Thursday.
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BRICS Bank Approves $ 400 Million Loans For India, Russia
The Shanghai-based BRICS New Development Bank (NDB) has approved two infrastructure and sustainable development projects in India and Russia with loans of $ 400 million.
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BRICS To Set Up Credit Rating Agency, Says PM Modi
Prime Minister Narendra Modi underlined his government's reform agenda while addressing BRICS business council at the 8th BRICS summit in Goa on Sunday.
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Brexit, US Elections May Affect BRICS' Policies: Urjit Patel
Events like Britain leaving the European Union, the U.S. presidential election, and political realignment in Europe may affect BRICS group of nations' policies, Reserve Bank of India Governor Urjit Patel said on Thursday.
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India Will Guide BRICS Bank to Finance Needs of Emerging Nations: PM Modi
India will guide the BRICS nations' $50 billion New Development Bank - a rival to the World Bank - to finance "inclusive and responsive" needs of particularly emerging economies, Prime Minister Narendra Modi said today.
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Will Christine Lagarde Face BRICS Challenge as IMF Term Nears End?
As International Monetary Fund chief Christine Lagarde's mandate enters the final stretch, emerging-market powers seem hesitant about teaming up to try to wrest the job away from Europeans.
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Arun Jaitley to Leave for 10-Day Tour to US, Peru on Saturday
Finance Minister Arun Jaitley will leave for 10-day visit to the US and Peru on October 3 to attend IMF-World Bank meetings and give a lecture at a university.
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New Development Bank Important for BRICS Cooperation, Says Chinese Premier Li Keqiang
Chinese Premier Li Keqiang today hailed the opening of the $100 billion bank floated by the BRICS nations as an "important step forward" in cooperation among members of the grouping as the bank's president KV Kamath called on him in Beijing.
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'BRICS' Bank Launches in Shanghai, to Work With Asian Investment Infrastructure Bank
Officials from the world's largest emerging nations launched the New Development Bank (NDB) today, the second of two new policy banks heavily backed by Beijing that are being pitched as alternatives to existing institutions such as the World Bank.
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BRICS Bank to Lend in Local Currency by April: KV Kamath
The New Development Bank (NDB), set up by five BRICS nations including India, will start lending in local currency by April next year and member countries will primarily be the focus of credit facility, its chief and eminent banker KV Kamath said in Ufa today.
-
BRICS+ Expansion: What It Means For India And The Global South
On 1 January 2024, BRICS, the intergovernmental organisation comprising Brazil, Russia, India, China and South Africa, admitted four new members: Egypt, Ethiopia, Iran and the UAE.
-
BRICS Bank Aims To Issue First Indian Rupee Bond By October
The development bank founded by the so-called BRICS countries is planning to issue its first Indian rupee bond by October, its chief operating officer said on Monday, as the lender comes under pressure to raise and lend more in local currencies.
-
BRICS Bank Approves Loans For Mumbai Metro, Delhi-Ghaziabad-Meerut Rapid Rail
The New Development Bank (NDB) of the BRICS countries has approved USD 241 million loan for Mumbai Metro and USD 500 million for the Delhi-Ghaziabad-Meerut Regional Rapid Transit System (RRTS) Project.
-
BRICS To Allocate $15 Billion For Rebuilding Economies Hit By COVID-19
The New Development Bank of the BRICS grouping will set aside USD 15 billion to help its members tide over the economic crisis triggered by the coronavirus pandemic, Russian Foreign Minister Sergey Lavrov announced after a meeting of the five-nation bloc.
-
Money In Swiss Banks: India Slips To 74th Place, UK Remains On Top
India has moved down one place to 74th rank in terms of money parked by its citizens and enterprises with Swiss banks, while the UK has retained its top position, as per data released by the central banking authority of the Alpine nation.
-
BRICS Bank Approves $525 Million Loan For Infra Projects In Madhya Pradesh
The New Development Bank (NDB) of the BRICS countries has approved a $525 million loan to Madhya Pradesh for infrastructure projects, it said on Thursday.
-
BRICS Bank Approves $ 400 Million Loans For India, Russia
The Shanghai-based BRICS New Development Bank (NDB) has approved two infrastructure and sustainable development projects in India and Russia with loans of $ 400 million.
-
BRICS To Set Up Credit Rating Agency, Says PM Modi
Prime Minister Narendra Modi underlined his government's reform agenda while addressing BRICS business council at the 8th BRICS summit in Goa on Sunday.
-
Brexit, US Elections May Affect BRICS' Policies: Urjit Patel
Events like Britain leaving the European Union, the U.S. presidential election, and political realignment in Europe may affect BRICS group of nations' policies, Reserve Bank of India Governor Urjit Patel said on Thursday.
-
India Will Guide BRICS Bank to Finance Needs of Emerging Nations: PM Modi
India will guide the BRICS nations' $50 billion New Development Bank - a rival to the World Bank - to finance "inclusive and responsive" needs of particularly emerging economies, Prime Minister Narendra Modi said today.
-
Will Christine Lagarde Face BRICS Challenge as IMF Term Nears End?
As International Monetary Fund chief Christine Lagarde's mandate enters the final stretch, emerging-market powers seem hesitant about teaming up to try to wrest the job away from Europeans.
-
Arun Jaitley to Leave for 10-Day Tour to US, Peru on Saturday
Finance Minister Arun Jaitley will leave for 10-day visit to the US and Peru on October 3 to attend IMF-World Bank meetings and give a lecture at a university.
-
New Development Bank Important for BRICS Cooperation, Says Chinese Premier Li Keqiang
Chinese Premier Li Keqiang today hailed the opening of the $100 billion bank floated by the BRICS nations as an "important step forward" in cooperation among members of the grouping as the bank's president KV Kamath called on him in Beijing.
-
'BRICS' Bank Launches in Shanghai, to Work With Asian Investment Infrastructure Bank
Officials from the world's largest emerging nations launched the New Development Bank (NDB) today, the second of two new policy banks heavily backed by Beijing that are being pitched as alternatives to existing institutions such as the World Bank.
-
BRICS Bank to Lend in Local Currency by April: KV Kamath
The New Development Bank (NDB), set up by five BRICS nations including India, will start lending in local currency by April next year and member countries will primarily be the focus of credit facility, its chief and eminent banker KV Kamath said in Ufa today.
