NDB Current Affairs - 2019

Category Wise PDF Compilations available at This Link

ISA-ADB, NDB, GCF, AfDB and AIIB sign joint declarations of financial Partnership

The International Solar Alliance (ISA) and African Development Bank (AfDb), Asian Infrastructure Investment Bank (AIIB), Asian Development Bank (ADB), Green climate fund (GCF), and New Development Bank (NDB) signed Joint financial partnership Declarations. The International Energy Agency (IEA) also signed Joint partnership Declaration with ISA. The objective of these agreements is to deepen their cooperation Read More…

Month:  Categories: Business, Economy & Banking

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Government inks $100 million loan agreement with NDB for Rajasthan Water Project

Government has signed second Loan Agreement with New Development Bank (NDB) for financing of Rajasthan Water Sector Restructuring Project for the Desert Areas. This is the first tranche loan of $100 million was approved by the NDB under Multi Tranche Financing Facility of $345 million for this project. Rajasthan Water Sector Restructuring Project The objective Read More…

Month:  Categories: Environment & Biodiversity

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Union Cabinet approves MoU between EXIM bank and NDB

The Union Cabinet has given its approval for signing of a MoU on General Cooperation with New Development Bank (NDB) or BRICS Bank and Export Import Bank of India (EXIM Bank). The MoU will be through the BRICS Interbank Cooperation Mechanism. The MoU will help enhance trade and economic relations among the BRICS countries.  However Read More…

Month:  Categories: Business, Economy & Banking

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BRICS Contingent Reserve Arrangement declared operational

The Contingent Reserve Arrangement (CRA) of BRICS nations viz. Brazil, Russia, India, China and South Africa was declared operational. It was announced by Union Finance Minister Arun Jaitley who had chaired the Governing Council meeting of the BRICS’ CRA in New York, United States. What is BRICS Contingent Reserve Arrangement (CRA)? CRA was established in Read More…

Month:  Categories: International

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KV Kamath named as first President of New Development Bank of BRICS nations

Eminent banker Kundapur Vaman Kamath was appointed as first President New Development Bank (NDB) of BRICS nations. He will have of five year term after the bank becomes operational within one year. About Kundapur Vaman Kamath Born on 2 December 1947 in Mangalore, Karnataka. Kamath is the Chairman of the India’s largest private sector bank, Read More…

Month:  Categories: Business, Economy & Banking

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