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'BRICS bank could become future World Bank'

The BRICS Development Bank could become a World Bank in future due to the increasing influence of emerging countries, chairman of Goldman Sachs Asset Management said on Wednesday. "If, in fact, the......

PM Modi takes swipe at Pak, says some nations are arming terrorists

Prime Minister Narendra Modi on Friday sought to put the spotlight on Pakistan arming and funding militants in Kashmir, as he pressed the world community to come together to fight the menace of......

India, Russia ink key pact for 2 nuclear power units

The two countries also asked all nations to stop cross-border movement of terrorists and asserted that a decisive collective response from the international community without 'double standards and......

Why 2017 is crucial for China

'The mood in Beijing is already nervous and feverously watchful.''Developments in China will be scrutinised as intensely and nervously as the ones in Washington,' says Claude Smadja. IMAGE: Prime......

When China stole India's thunder

IMAGE: Prime Minister Narendra Modi with Chinese President Xi Jinping and Russian President Vladimir Putin at the BRICS summit in Goa. Photograph: BRICS/Facebook. The BRICS summit made clear that......

Will BRICS bank break the monopoly of IMF, World Bank?

The formation of the New Development Bank by the Brazil Russia India China South Africa nations along with the formation of the Asian Infrastructure Investment Bank will break the monopoly of the......

BRICS bank to start lending in local currency by April: Kamath

The New Development Bank, 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,......

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......

BRICS bank should be operational by Aug 2016: Biz council

Business leaders of the Brazil, Russia, India, China, South Africa (BRICS) nations are expecting the New Development Bank to be operational by August 2016, which is aimed at boosting......
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Cabinet approves cooperation in tax matters with Brics nations

The Union Cabinet on Wednesday gave its approval for the signing of a Memorandum of Cooperation (MoC) in respect of tax matters between India and... ...

http://www.deccanherald.com/content/623681/cabinet-approves-cooperation-tax-matters.html
Modi pitches for expediting BRICS rating agency

Expeditious action should be taken to establish the BRICS credit rating agency, Prime Minister Narendra Modi said today, while emphasising that... ...

http://www.business-standard.com/article/pti-stories/modi-pitches-for-expediting-brics-rating-agency-117070700817_1.html
Kamath

The BRICS' New Development Bank has 23 new projects amounting to USD six billion in the pipeline for financing, including six ventures in India... ...

http://www.business-standard.com/article/pti-stories/ndb-has-23-projects-in-pipeline-including-6-in-india-kamath-117070600929_1.html
BRICS development bank to seek dollar bond funding this year

The New Development Bank (NDB) set up by the BRICS group of emerging economies is looking raise money by issuing dollar-denominated bonds later... ...

http://feeds.reuters.com/~r/reuters/INbusinessNews/~3/aNrSXTkf8Dk/china-bonds-ndb-idINKBN19R0QP
India slips to 88th place; UK on top

India has slipped to 88th place in terms of money parked by its citizens with Swiss banks, while the UK remains on the top. Also, the money... ...

http://www.deccanherald.com/content/620462/money-swiss-banks-india-slips.html

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