Current Affairs

GK MCQs Section

Topic: NDB

Russia and Brazil to partner in production & marketing of Sputnik V vaccine

BRICS partners Russia and Brazil have decided to enter into an agreement to cooperate in the production and marketing of the world’s first registered Coronavirus vaccine Sputnik V...

August 14, 2020

New Development Bank (NDB) approves loan to Madhya Pradesh for infrastructure projects

The New Development Bank (NDB) of the BRICS countries has approved a $525-million loan to Madhya Pradesh for infrastructure projects. The loan will be used by the Indian...

September 25, 2018

Subhash Chandra Garg represents India in first meeting of BRICS Finance Ministers and Central Bank Governors

The first meeting of the BRICS Finance Ministers and Central Bank Governors was held on the sidelines of the IMF/World Bank Spring Meetings in Washington D.C on 19th...

April 20, 2018

ISA-ADB, NDB, GCF, AfDB and AIIB sign joint declarations of financial Partnership

The International Solar Alliance (ISA) and African Development Bank (AfDb), Asian Infrastructure Investment Bank (AIIB), Asian Development Bank (ADB), Green climate fund (GCF), and New Development Bank (NDB)...

March 10, 2018

Government inks $100 million loan agreement with NDB for Rajasthan Water Project

Government has signed second Loan Agreement with New Development Bank (NDB) for financing of Rajasthan Water Sector Restructuring Project for the Desert Areas. This is the first tranche...

February 16, 2018

Union Cabinet approves MoU between EXIM bank and NDB

The Union Cabinet has given its approval for signing of a MoU on General Cooperation with New Development Bank (NDB) or BRICS Bank and Export Import Bank of...

October 14, 2016

BRICS Contingent Reserve Arrangement declared operational

The Contingent Reserve Arrangement (CRA) of BRICS nations viz. Brazil, Russia, India, China and South Africa was declared operational. It was announced by Union Finance Minister Arun Jaitley...

October 8, 2016

KV Kamath named as first President of New Development Bank of BRICS nations

Eminent banker Kundapur Vaman Kamath was appointed as first President New Development Bank (NDB) of BRICS nations. He will have of five year term after the bank becomes...

May 11, 2015

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