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  • ‘Demonetisation’ likely to fetch government Rs 2.5 lakh crore, says BRICS bank chief

    Dec 13, 2016, 09:45 PM IST

    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.

  • brics bank opens for business in china

    BRICS bank opens for business in China

    Jul 21, 2015, 11:10 AM IST

    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,

  • arun jaitley to attend inaugural meet of brics bank at

    Arun Jaitley to attend inaugural meet of BRICS bank at Moscow

    Jul 05, 2015, 09:52 PM IST

    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

  • kv kamath appointed as the first chief of brics bank

    KV Kamath appointed as the first chief of BRICS Bank

    May 11, 2015, 02:03 PM IST

    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

  • cabinet nod to brics bank for contingency fund development

    Cabinet nod to BRICS bank for contingency fund, development projects

    Feb 25, 2015, 09:33 PM IST

    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

  • modi makes strong pitch for operationalisation of brics bank

    Modi makes strong pitch for operationalisation of BRICS bank

    World | Nov 15, 2014, 04:52 PM IST

    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

  • confident of bjp coming to power in maharashtra naidu

    Confident of BJP coming to power in Maharashtra: Naidu

    Politics | Oct 11, 2014, 09:14 PM IST

    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

  • brics bank not against imf brazilian president

    BRICS bank not against IMF: Brazilian president

    World | Jul 17, 2014, 09:21 AM IST

    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

  • brics bank to benefit developing countries brazilian

    BRICS bank to benefit developing countries: Brazilian president

    Jul 15, 2014, 11:09 PM IST

    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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