BRICS bank President M V Kamath has said that Prime Minister Narendra Modi’s decision to demonetise Rs 100 and Rs 500 notes is likely to fetch the Indian government around Rs 2.5 lakh crore.
Shanghai: The New Development Bank (NDB) floated by the BRICS nations, including India, to step up infrastructure funding in the emerging economies formally started its operations at its headquarters here today. Chinese Finance Minister Lou Jiwei,
New Delhi: Finance Minister Arun Jaitley is leaving for Russia on Monday evening to participate in the inaugural meeting of the BRICS-backed New Development Bank.During the four-day visit, he will also be participating at the
New Delhi: Eminent banker K V Kamath was today appointed as head of the USD 50 billion New Development Bank being set up by the five emerging economies of BRICS grouping.Kamath will have a five
New Delhi: Union Cabinet today cleared the creation of the proposed 5-nation BRICS bank that will mobilise resources for infrastructure projects and provide short-term liquidity to emerging economies in case of payment crisis.The proposal was
Brisbane: Making a strong pitch for speeding up the creation of a BRICS development bank, Prime Minister Narendra Modi today said India hopes to ratify the agreement over the financial institution by year-end and 2016
Mumbai: Union Urban Development Minister Venkaiah Naidu today expressed confidence that BJP will form government in Maharashtra after the October 15 polls. “All surveys, opinion polls and huge crowds cheering for PM's rallies all over
Brasilia: Brazilian President Dilma Rousseff said on Wednesday that the development bank to be set up by the emerging-market bloc of BRICS is not against the International Monetary Fund (IMF)."We don't have the slightest interest
Fortaleza (Brazil): Brazilian President Dilma Rousseff Tuesday expressed confidence that the expected creation of a BRICS development bank and a reserve fund would benefit developing countries.Rousseff made the remarks when she left her hotel in
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