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First Annual Meeting of the Board of Governors of BRICS New Development Bank held yesterday at Shanghai; Second Annual meeting of New Development Bank to be held in India in 2017 and India will Chair the Board of Governors of NDB next year; India to follow the approach of ‘Reform to Transform’ through far reaching Structural Reforms and has taken several initiatives to boost investment climate and improve the Ease of Doing Business

News and Press Release - Dated:- 21-7-2016 - The First Annual Meeting of the Board of Governors of the BRICS New Development Bank was held yesterday at Shanghai, China. The New Development Bank (NDB) has completed one year since its establishment in .....

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, it was decided that India will be the Chair of the Board of Governors of the Bank and the second Annual meetings of NDB will be held in India in 2017. Mr Raj Kumar, Joint Secretary, Department of Economic Affairs, Government of India represented th .....

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ent of People s Republic of China for their wonderful hospitality and excellent arrangements for hosting us on this historic milestone of the New Development Bank. The first Annual Meeting of the NDB is a landmark in the advancement of the vision of .....

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renewable energy projects. We congratulate President Kamath and the management team for steering the Bank with speed, skill and strategy. The first Annual Meeting also marks the commencement of the phase of immense work for realization of NDB s visio .....

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is marked by a modest pickup in some advanced economies from their low levels of growth; decline in growth in emerging market and developing economies; increased financial sector volatility; and, in general, a downward revision of global growth proje .....

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sh global trade and low commodity prices have also adversely affected commodity-exporting EMDEs, by aggravating their corporate and other economic vulnerabilities. Governments, Central Banks and regulators have to mitigate the pressure of such vulner .....

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prove the ease of doing business. National Infrastructure Investment Fund has been set-up to stimulate investment in Infrastructure. Likewise, Insolvency and Bankruptcy code 2016 has been passed by the Parliament to deal with insolvency of corporate, .....

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gramme. More than 200 million bank accounts have been opened for the unbanked persons. We are now using Aadhaar, a unique identification system with statutory backing, as backbone for targeted delivery of financial and other subsidies, benefits and s .....

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