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'BRICS bank could become future World Bank'

 The BRICS Development Bank could become a World Bank in future due to the increasing influence of emerging countries, chairman of Goldman Sachs Asset Management said on Wednesday. "If, in fact, the......

India supports dialogue, not war: Modi at BRICS Summit

 Prime Minister Narendra Modi on Wednesday renewed his call for dialogue and diplomacy as being the only way forward to resolve conflicts, in an unambiguous message to press for the resolution of......

Diary: Durban, Gandhi and the BRICS bank

 Sheela Bhatt, who traveled with Prime Minister Manmohan Singh to the BRICS Summit in Durban, gauges the buzz ahead of the event that begins Tuesday. As an Indian it is a nice feeling to think that......

Why Mumbai lost out to Shanghai as HQ of BRICS bank

 Modi knew in his heart that India does not have the financial muscle to support the new bank with offers of co-financing international projects, something China can do from the bank’s base in......

How BRICS bank can affect world economics and politics

 Borrowing from BRICS bank will help India avoid other kinds of politics emanating from the West. Overall, the BRICS institutions will necessarily adopt alternative ways of doing things based on......

What is the purpose of the BRICS Bank?

 The fact that the Indian government has allowed the bank to be headquartered in Shanghai merely underlines the fact that this will be a largely Chinese enterprise.  With the announcement at......

BRICS Bank to keep borrowers' interest in mind, says Kamath

 In a major shift from the way multilateral lenders functions, borrowers' interest will be paramount for the $100-billion BRICS Bank as against the common practice of lenders' view getting......

Chinese parliament ratifies BRICS Bank agreement

 The bank will have initial authorised capital of $100 billion China's largely rubber-stamp parliament ratified an agreement with the world's largest emerging nations on Wednesday to create a new......

K V Kamath to take charge of BRICS Bank in July

 Seasoned banker K V Kamath is likely to take charge as first president of New Development Bank (NDB), promoted by BRICS nations, in the first week of the next month. "He will be visiting China next......

KV Kamath to head BRICS bank

 India has named private banker K.V. Kamath as the first head of a new development bank being set up by the BRICS group of emerging market economies, Finance Secretary Rajiv Mehrishi told reporters......

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