Kamath appointed BRICS bank president
NEW DELHI: Eminent banker K.V. Kamath was on Monday appointed as head of the USD 50 billion New Development Bank being set up by the five emerging economies of BRICS grouping.
Mr. Kamath will have a five-year term of the bank, which is likely to be operationalised within one year, Finance Secretary Rajiv Mehrishi said.
Leaders of of Brazil, Russia, India, China and South Africa (BRICS) had in 2014 reached an agreement to establish the New Development Bank, with its headquarters in Shanghai. As per the agreement, India got the right to nominate the first president.
More Stories
Konkan Railway Launches Ro-Ro Car Transportation Services Between Kolad and Verna in Goa
ARVIND TENGSE MARGO: 211st July 2025 :Konkan Railway Corporation Limited (KRCL), the pioneer of Roll-on Roll-off (Ro-Ro) services in India...
GOA SHIPYARD CMD B K UPADHYAY RE-ELECTED VP , SCOPE.
ARVIND TENGSE PANAJI (GOA): In a significant development, Brajesh Kumar Upadhyay, Chairman and Managing Director (CMD) of Goa Shipyard Limited,...
PM Modi gave mantra in pre-budget meeting.. How to increase India’s growth rate
NEW DELHI: Preparations for the country's budget to be presented in February have intensified. Prime Minister Narendra Modi held a...
The rule of traveling by plane has changed! Wealthy passengers are out of rule
NEW DELHI :Passengers traveling by flight will now have to follow the new rules of the Civil Aviation Security Bureau....
Industrialist & Former MP Naveen Jindal Quits Congress To Join Saffron BJP
NEW DELHI : Industrialist and former Congress MP Naveen Jindal joined the saffron BJP on Sunday, weeks before the Lok...
Sahara Group Chief Subrata Roy dies of cardiorespiratory arrest at 75
NEW DELHI : Subrata Roy, the leader of Sahara Group, passed away on Tuesday in a Mumbai hospital due to...