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Cabinet nod to BRICS bank for contingency fund, development projects

Feb 25, 2015

Cabinet nod to BRICS bank for contingency fund, development projects

Union Cabinet today cleared the creation of the proposed 5-nation BRICS bank that will mobilise resources for infrastructure projects and provide short-term liquidity to emerging economies in case of payment crisis. #World #India #Narendra Modi #NewsTracker #BRICs #Union Cabinet #New Development Bank
BRICS Bank to be operational by August 2016, says Business Council

Feb 19, 2015

BRICS Bank to be operational by August 2016, says Business Council

BRICS nations are expecting the New Development Bank to be operational by August 2016, which is aimed at boosting infrastructure, logistic and connectivity #India #China #Brazil #Russia #South Africa #Shanghai #BRICS Bank #New Development Bank
Did Modi government just scrap the SAARC Development Bank?

Feb 03, 2015

Did Modi government just scrap the SAARC Development Bank?

Even though Prime Minister Narendra Modi had proposed a SAARC Development Bank last year to fund the infrastructure needs of the region and save the developing economies from paying high borrowing costs, the NDA government has now reportedly junked the idea because the institution is unviable and will not be able to compete in size with other big multi-lateral financial institutions for financing infrastructure projects in developing countries. #ToWhatEffect #BRICs #NDA #SAARC #Modi government #development bank
Economy set to take off to reach 8-9 percent growth in the years to come: Jaitley

Jan 22, 2015

Economy set to take off to reach 8-9 percent growth in the years to come: Jaitley

The economy is set to clock a 6.5 percent growth next year and then take off to reach 8-9 percent in the years to come, said Finance Minister Arun Jaitley. #Business #Economy #India #Finance minister #BRICs #World Economic Forum #TheySaidIt #Arun Jaitley #Davos #Growth rate

BLOG POSTS

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It's not just equity: Why India is best of BRIC right now

May 20, 2013

It's not just equity: Why India is best of BRIC right now

The rise in Sensex and Nifty is not to be ignored especially given the poor performance of India's peers and given the strong performance of developed economy indices #India #China #Stock market #BRIC #Rupee #Russia #TheExplainer
The S&P is wrong about Manmohan and Sonia

Jun 17, 2012

The S&P is wrong about Manmohan and Sonia

Authors Mukherji and Ogawa say S&P will not downgrade India if the following happens: "modest steps" in cutting growth in spending, 7 percent or more GDP growth, "modest progress" in reducing the fiscal deficit and "some" reforms and administrative measures. #S&P #Sonia Gandhi #BRIC #Manmohan Singh #InMyOpinion #Takahira Ogawa #Joydeep Mukherji