New Development Bank Will Support Public or Private Projects

Top leaders, representatives from the half the world population. India successfully hosted 8th BRICS summit. The five BRICS nations (Brazil, Russia, India, China and South Africa) have a combined nominal GDP of US$16.6 trillion, equivalent to approximately 22% of the gross world product, combined GDP (PPP) of around US$37 trillion and an estimated US$4 trillion in combined foreign reserves.

 The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, was established by the BRICS states. According to the Agreement on the NDB, the Bank shall support public or private projects through loans, guarantees, equity participation and other financial instruments. Moreover, the NDB shall cooperate with international organizations and other financial entities, and provide technical assistance for projects to be supported by the Bank.

Comments

Post a Comment

Popular posts from this blog

Audit Quotation Template

Image
Goal: To simplify and facilitate document related business operation within the organization. Quotations are a bunch of documents that contain a list of company’s product or services which are offered to its prospective client.  Very often, they serve as a reply to organizations that have raised the request after inspection, survey and assess their requirements. The company always needs to create Quotation Template to meet the requirement. The Quotation Templates varied irrespective of business strategy and business type. While preparing Quotation Template, the following points need to keep in mind. Arrange the quotation in tabular form with the proper order of data required for a company. Keep spaces for all costs including miscellaneous cost. Keep space to tally the cost. Include your total rate of the project double checking your total costing. The quotation should have an identifier, such as a reference number, date, recipient, etc so that all records can archive or
Read more

In India, it is Ambanis who have brought revolution in the telecom sector

Image
It was at the beginning of the last decade when we had to wait in front of STD telephone booths for hours to make a phone call. After a long trial, we could hardly able to contact our dearest. It was very difficult to connect any number in interior areas from Delhi. Frequently we heard the following words, "all lines in this routes are busy, please dial after some time." We then heard the slogan from Dhirubhai Ambani, roti-kapra-makan-phone. We thought how will it be possible to get a phone without any makan because we had to frequently visit MTNL or BSNL office to get a land line connection! After submitting application, it could take months to get a new connection in rural areas. Also without owning any home or valid residential proof, it was hard to get connection in urban areas too. But today, when we see beggars owning beautiful smart phones and making phone call, then I remember the words Dhirubhai Ambani announced. It was Ambanis (Dhirubhai Ambani, Mukesh Ambani,
Read more

Branches of the Federal Government

Introduction The Federal Government of the United States composed of 50 states, one district, and many territories. The Constitution of United States of America provides a separation of powers. The federal government composed of 3 district branches which are as follows:     Legislative     Executive  Judicial Legislative Legislative makes laws, Executive carries laws, and Judicial interprets the laws. The legislative branch who draft and proposed laws include congress (the Senate and the House of Representatives). In each State, there are two senators which are total 100 Senators for 50 States. A senate serves six years terms and there is no limit to the number of terms a Senate will serve. In the House of Representatives, there are 435 elected Representatives. A Representative serves two years term but there is no limit of a maximum number of terms every individual Representative will serve. Executive The executive branch includes the President, Vice Presiden
Read more