Page-4 of New Development Bank Current Affairs, GK & News

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 roads with a total length of about 2,000 km to improve the connectivity of the ..

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Asian Infrastructure Investment Bank (AIIB) approves an equity investment in National Investment & Infrastructure Fund (NIIF) of India

On June 24, the Asian Infrastructure Investment Bank (AIIB) has approved a $200 million equity investment into the National Investment & Infrastructure Fund (NIIF) of India and the first tranche of $100 million has already been approved by the bank’s Board. The second tranche of $100 million will be invested by AIIB on call. This ..

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India to host 3rd annual meeting of Asian Infrastructure Investment Bank (AIIB)

India will host the 3rd annual meeting of the Asian Infrastructure Investment Bank (AIIB) in Mumbai on June 25-26, 2018. It will be jointly hosted by the Department of Economic Affairs (DEA) and AIIB. The theme for 2018 meeting is “Mobilizing Finance for Infrastructure: Innovation and Collaboration” that will see leaders from varied organizations and ..

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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 by Subhash Chandra Garg , Secretary of Department of Economic Affairs (EA). The main issues ..

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The International Solar Alliance (ISA) signs pact Asian Development Bank to promote solar energy deployment in Asia & Pacific

The International Solar Alliance (ISA) has recently signed a cooperation arrangement with the Asian Development Bank (ADB) to promote solar energy deployment in Asia and the Pacific on March 10, 2018. The cooperation envisages solar power generation, solar based mini-grids and transmission systems for integrating solar energy into grids. The ISA and the ADB would ..

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