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Monday, May 6, 2024
TopicNew Development Bank

Topic: New Development Bank

During China visit, Honduras president seeks inclusion in BRISC-led New Development Bank

Castro's office tweeted Friday evening that he met the bank's president Dilma Rousseff in China and presented a formal request to him.

A BRICS currency can weaken US hold over emerging economies. India needs to decide its role

Before de-dollarisation of BRICS can occur, India must secure a place in IMF's basket of world currencies, where Chinese Renminbi is already included.

On Camera

‘Trade, not aid’—Narasimha Rao’s 1991 reforms speech that changed India’s economic landscape

On 9 July 1991, then-PM PV Narasimha Rao addressed the nation days before the Budget presentation, admitting that the job of repairing India's sick economy won't be easy, quick, or smooth.

Air India reduces baggage allowance by 5-15 kg, bringing it in line with rest of industry

Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.

China builds road through Shaksgam Valley, India registers protest

New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.