Page-3 of New Development Bank Current Affairs, GK & News

New Development Bank

The Union Finance Minister attended the 5th Annual Meeting of the Board of Governors of the NDB via video conferencing. About NDB The New Development Bank is a multilateral development bank established by a treaty signed in 2014 (came into force in 2015). It was previously known as BRICS Development Bank. It is headquartered in ..

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New Development Bank’s financial assistance of 1 billion USD to India

On April 20, 2020, Finance Minister Smt Nirmala Sitaraman attended the fifth annual meeting of the Board of Governors of the National Development Bank through a video conference. Outcomes The New Development Bank of the BRICS grouping is to provide a financial assistance of 1 billion USD of COVID-19 funds to India. India has pitched ..

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BRICS Summit very fruitful, says PM

PM Modi said that BRICS was very productive and all BRICS leaders had fruitful dialogues on cementing ties in areas such as trade, innovation, technology, and culture. BRICS Summit was recently held in Brasilia. BRICS comprises five countries namely Brazil, Russia, India, China and South Africa. Addressing the BRICS Business Council, PM urged BRICS nations ..

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BRICS Business Council’s roadmap

Prime Minister Narendra Modi along with the Heads of States of other BRICS countries participated in the Leaders dialogue with BRICS Business Council and New Development Bank. Prime Minister Modi, while addressing the dialogue, also requested BRICS countries and the NDB to join the global Coalition for Disaster-Resilient Infrastructure. The BRICS Business Council created a ..

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Brasilia will hold 11th BRICS Summit

On November 13-14, 2019, Brasilia will host the 11th BRICS Summit. BRICS brings together five major world economies, namely Brazil, Russia, India, China, and South Africa, which comprise 42 per cent of the world population, contribute to 23 per cent of global Gross Domestic Product and around 17 per cent of the share in world ..

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