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BRICS bank to finance new projects in Russia & India

Monday, September 24, 2018, 4:22 PM

The BRICS' New Development Bank has approved a $525-million loan for infrastructure projects in India. The loan will be used by the Indian government for on-lending to the Madhya Pradesh government for rehabilitating major district roads with a total length of about 2,000 km. The loan aims to improve connectivity of the rural interior with the national and state highways.
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PM Modi meets Xi today as India, China seek to reset bilateral ties

Thursday, July 26, 2018, 1:18 PM

PM Modi is to meet Chinese President Xi Jinping on the sidelines of BRICS summit, their third such interaction within the space of four months as two countries look to reset ties after a tense military standoff last year. I think Modi and Xi will reconfirm understanding reached in Wuhan, said C.U. Bhaskar, director of the Society for Policy Studies think tank in Delhi.

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