Russia spying in Switzerland is significant and increasing, the Swiss intelligence agency said on Friday after two high-profile cases involving alleged Russian agents attempting to infiltrate sites in Switzerland.
Asserting that trade tensions and rising oil prices are affecting emerging nations, Economic Affairs Secretary Subhash Chandra Garg said G-20 countries should take coordinated action to minimise the negative spillover effects of global risks on developing economies.
The BRICS New Development Bank (NDB) is planning to launch its Americas Regional Office in Brazil this year, the bank said.
India has urged the BRICS (Brazil, Russia, India, China, South Africa) countries to set up an independent rating agency of the group, according to an Indian official.
NDB set up by the "BRICS" group of emerging economies plans to lend $1.5 billion to South Africa for infrastructure projects over the next eighteen months.
The New Development Bank (NDB) set up by the BRICS group of emerging economies is looking raise money by issuing dollar-denominated bonds later this year.
The Brics NDB has planned to issue bonds twice this year, one denominated in Chinese yuan and the other in Indian rupee.
Finance Minister Arun Jaitley discussed various issues, including issuance of masala bonds and future plans of the NDB during his meeting with the head K V Kamath.
NDB President K V Kamath has described the merger of SBI's associate banks with the parent a "good first step", saying there is scope for further consolidation.
BRICS countries' NBD expects its lending to double every year over the next 2-3 years and is looking at leveraging its USD 10 billion capital in first 6-7 years