China Funds For Africa

Chinese funds are not for "vanity projects" in Africa but are to build infrastructure that can remove development bottlenecks, Chinese President Xi Jinping said on Monday, telling Chinese firms they also had to respect local people and the environment

Prime Minister Narendra Modi told BRICS leaders in Goa on Sunday that "the mothership of terrorism is in India's neighbourhood" and posed a major threat to BRICS goals of development and economic growth. In spite of his saying that those who shelter terrorists are as much a threat themselves, the Goa Declaration adopted by five member states didn't...

Chinese President Xi Jinping told African leaders today his country would pump $60 billion into development projects, cancel some debt and boost agriculture under a three-year plan that will extend Beijing's influence in the continent.

When the Chinese president and African leaders meet this week to bolster economic ties, the elephant in the room will be the trade in ivory and conservationists want the issue on the table.

Seasoned banker KV Kamath today thanked the Modi government for appointing him as the first president of New Development Bank (NDB) and said he would look forward to serving BRICS nations.

The International Monetary Fund on Wednesday congratulated the five BRICS countries for creating a new reserves fund that intends to challenge Western dominance in the global lender.

The bank, aimed at funding infrastructure projects in developing nations, will be based in Shanghai, China, and India will preside over its operations for the first six years, followed by five-year terms for Brazil and then Russia, leaders of the five-country group announced at the 6th BRICS - Brazil, Russia, India, China and South Africa - summit.

The $100 billion development bank launched at the sixth BRICS - Brazil, Russia, India, China and South Africa - summit in Brazil is aimed at funding infrastructure projects in developing nations

The new development bank of the group of BRICS countries will be headquartered in Shanghai, China, with the presidency held by India for the first five years. In hard negotiations, India won on some key points.

In two years of tough negotiations to create the new BRICS development bank, the main stumbling block was not a lack of resources or commitment, but fellow partner China.

India stands a dismal 73rd in the list of 91 countries, according to a UN-backed study on the wellbeing of the elderly in a rapidly ageing world.

Sources told NDTV that while the members are likely to give the go-ahead for the bank, Indias big worry remains the possibility of Chinese domination of the bank.

Leaders from the world's major emerging economies are likely to endorse plans at a summit next week to create a joint foreign exchange reserves pool and an infrastructure bank for developing countries, senior emerging market officials said on Thursday.

The global economy may be in a better shape after its worst-ever crisis, but it is no time to relax, and governments as well as business leaders must persist with job creation, income and gender diversification as also to meet aspirations of the youth to keep up the growth momentum.

The BRICS group of emerging market nations will look at ways of pressuring the West to redress global economic imbalances amid growing frustration at the pace of change in institutions such as the IMF at a meeting in Delhi on Thursday. Brazil's Trade and Industry Minister Fernando Pimentel told Reuters that his country hopes for a summit communiqu...

Chinese funds are not for "vanity projects" in Africa but are to build infrastructure that can remove development bottlenecks, Chinese President Xi Jinping said on Monday, telling Chinese firms they also had to respect local people and the environment

Prime Minister Narendra Modi told BRICS leaders in Goa on Sunday that "the mothership of terrorism is in India's neighbourhood" and posed a major threat to BRICS goals of development and economic growth. In spite of his saying that those who shelter terrorists are as much a threat themselves, the Goa Declaration adopted by five member states didn't...

Chinese President Xi Jinping told African leaders today his country would pump $60 billion into development projects, cancel some debt and boost agriculture under a three-year plan that will extend Beijing's influence in the continent.

When the Chinese president and African leaders meet this week to bolster economic ties, the elephant in the room will be the trade in ivory and conservationists want the issue on the table.

Seasoned banker KV Kamath today thanked the Modi government for appointing him as the first president of New Development Bank (NDB) and said he would look forward to serving BRICS nations.

The International Monetary Fund on Wednesday congratulated the five BRICS countries for creating a new reserves fund that intends to challenge Western dominance in the global lender.

The bank, aimed at funding infrastructure projects in developing nations, will be based in Shanghai, China, and India will preside over its operations for the first six years, followed by five-year terms for Brazil and then Russia, leaders of the five-country group announced at the 6th BRICS - Brazil, Russia, India, China and South Africa - summit.

The $100 billion development bank launched at the sixth BRICS - Brazil, Russia, India, China and South Africa - summit in Brazil is aimed at funding infrastructure projects in developing nations

The new development bank of the group of BRICS countries will be headquartered in Shanghai, China, with the presidency held by India for the first five years. In hard negotiations, India won on some key points.

In two years of tough negotiations to create the new BRICS development bank, the main stumbling block was not a lack of resources or commitment, but fellow partner China.

India stands a dismal 73rd in the list of 91 countries, according to a UN-backed study on the wellbeing of the elderly in a rapidly ageing world.

Sources told NDTV that while the members are likely to give the go-ahead for the bank, Indias big worry remains the possibility of Chinese domination of the bank.

Leaders from the world's major emerging economies are likely to endorse plans at a summit next week to create a joint foreign exchange reserves pool and an infrastructure bank for developing countries, senior emerging market officials said on Thursday.

The global economy may be in a better shape after its worst-ever crisis, but it is no time to relax, and governments as well as business leaders must persist with job creation, income and gender diversification as also to meet aspirations of the youth to keep up the growth momentum.

The BRICS group of emerging market nations will look at ways of pressuring the West to redress global economic imbalances amid growing frustration at the pace of change in institutions such as the IMF at a meeting in Delhi on Thursday. Brazil's Trade and Industry Minister Fernando Pimentel told Reuters that his country hopes for a summit communiqu...