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 by Russia. About the Deal Russian Direct Investment Fund has stated that ..
Month: Current Affairs - August, 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 government for on-lending to the Madhya Pradesh government for rehabilitating major district ..
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, 2018. The Government of India (GoI) was represented in the meeting ..
Month: Current Affairs - April, 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) signed Joint financial partnership Declarations. The International Energy Agency (IEA) also signed ..
Month: Current Affairs - March, 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 loan of $100 million was approved by the NDB under Multi Tranche ..
Month: Current Affairs - February, 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 India (EXIM Bank). The MoU will be through the BRICS Interbank Cooperation ..