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BRICS bank: A giant step towards reforming the world system

The announcement of the formation of the BRICS bank will have as much an impact about how the non-G7 countries manage their economies and their foreign reserves, as it does on the intellectual......

How BRICS bank can affect world economics and politics

Borrowing from BRICS bank will help India avoid other kinds of politics emanating from the West. Overall, the BRICS institutions will necessarily adopt alternative ways of doing things based on......

Why Mumbai lost out to Shanghai as HQ of BRICS bank

Modi knew in his heart that India does not have the financial muscle to support the new bank with offers of co-financing international projects, something China can do from the bank’s base in......

What did BRICS build (if anything, in Brazil)?

'Happily,' says Ambassador B S Prakash, 'BRICS displayed new-found energy and built something real, a bank. Between needless nihilism and as yet unjustified euphoria, there are many stations for......

'Birth of the bank biggest achievement of BRICS summit'

Pravin Gordhan, the finance minister of South Africa, talks about a few unresolved points of the BRICS Bank which was born at the summit in spite of several crucial issues still under debate. He......

K V Kamath relinquishes ICICI Bank post; to take charge of BRICS bank

Largest private sector lender ICICI Bank on Thursday said its non-executive Chairman K V Kamath has relinquished his position at the bank to take over as the head of the BRICS-promoted New......

Chinese parliament ratifies BRICS Bank agreement

The bank will have initial authorised capital of $100 billion China's largely rubber-stamp parliament ratified an agreement with the world's largest emerging nations on Wednesday to create a new......

ADB to increase India lending by 50% to $12 bn by 2018

ADB pegs India's GDP growth at 7.8 per cent in FY 2015-16 Asian Development Bank proposes to increase lending to India by almost 50 per cent to $12 billion by 2018, ADB President Takehiko Nakao......

K V Kamath to take charge of BRICS Bank in July

Seasoned banker K V Kamath is likely to take charge as first president of New Development Bank (NDB), promoted by BRICS nations, in the first week of the next month. "He will be visiting China next......

KV Kamath to head BRICS bank

India has named private banker K.V. Kamath as the first head of a new development bank being set up by the BRICS group of emerging market economies, Finance Secretary Rajiv Mehrishi told reporters......
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Modi Begins Six-nation Tour, to Attend BRICS, SCO Summits

NEW DELHI: Prime Minister Narendra Modi on Monday left on an eight-day visit to five Central Asian countries as also Russia, aiming to enhance... ...

http://www.newindianexpress.com/nation/Modi-Begins-Six-nation-Tour-to-Attend-BRICS-SCO-Summits/2015/07/06/article2905332.ece
PM Modi leaves for five-nation tour

Prime Minister Narendra Modi has left for a five-nation tour this morning to attend the BRICS summit in Russia and the Shanghai Cooperation... ...

http://news.rediff.com/commentary/2015/jul/06/pm-modi-leaves-for-fivenation-tour/c715cab02569ca8da27ffa7990ee15f2
Deputy Chinese Foreign Minister

BEIJING: China is confident that Greece's economy will turn around with the hard work of all parties, a deputy foreign minister said on Monday, but... ...

http://economictimes.indiatimes.com/news/international/business/china-is-confident-that-greeces-economy-will-turn-around-deputy-chinese-foreign-minister/articleshow/47953434.cms
Kamath sells more than half stake in ICICI

MUMBAI: KV Kamath, the BRICS Bank president, is quitting ICICI Bank lock, stock and barrel. The man who revolutionised banking in India more than... ...

http://economictimes.indiatimes.com/industry/banking/finance/banking/kv-kamath-reduces-stake-in-icici-sells-more-than-half-his-holding/articleshow/47951497.cms
GST, land acquisition laws needed to remove poverty

12:12 am The govt is creating the conditions for greater private investment: implementing the GST and creating a common market, reforming the land... ...

http://www.freepressjournal.in/fm-gst-land-acquisition-laws-needed-to-remove-poverty/

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