Page-2 of New Development Bank Current Affairs, GK & News

Why is China considering to set up ‘BRICS innovation base’ on 5G?

China intended to establish a BRICS innovation base for strengthening the cooperation among the five-member country bloc including India in technical sectors like 5G, Artificial Intelligence, and digital economy, industry, and information technology. Object points Consolidation of the cooperation among the members i.e. Brazil, Russia, India, China, and South Africa (BRICS). Promotion of sustainable economic ..

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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 the agreement has been signed with the Brazilian State of Parana. As part of this ..

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PM Modi to lay Foundation Stone for Manipur Water Supply Project

Prime Minister Narendra Modi is going to lay the foundation stone for the Manipur Water Supply Project to provide water connection to all the households in the state. This is in addition to the Jal Jeevan Mission already undergoing in the state along with the rest of the country. The Manipur Water Supply Project is ..

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India attends New Development Bank Governors meet

On May 27, 2020, Finance Minister Nirmala Sitaraman attended the Special Board of Governors meet of New Development bank through video conference. Highlights The leaders that attended the meet elected the president, vice president of new development bank. The bank has so far approved 16.6 billion USD to over 55 projects in its member countries. ..

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New Development Bank to lend 15 Billion USD to boost Economies

The BRICS Foreign Ministers’ meeting was held virtually recently. Allocation of 15 billion USD for boosting economies and setting up of a vaccine R&D centre were discussed. BRICS BRICS is an economic and political cooperative organisation consisting of Brazil, Russia, India, China and South Africa. It was established as BRIC (excluding South Africa) in 2009 ..

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