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BRICS New Development Bank issues inaugural 3-year bondSuch emergency loans could be used to finance direct expenses such as procuring protective gear for health workers. |
The NDB will provide a loan of $225 million to India for the Indore Metro Rail Project.
India wants to be the fourth nation - after the US, Russia, and China - to land on the moon.
Despite US threat of sanctions, India says it will go ahead and purchase advanced Russian defense systems.
The recent figures are sure to play into election campaigning ahead of polls in May.
The invitation comes amid news that India should receive delivery of S-400 defense missiles in October 2020.
One item in focus was the strategic Iranian port of Chabahar which has been exempted from the sanctions regimen.
India has come under pressure from the US to cancel the arms weapons purchases from Russia.
Growth is a sign of a healthy investor environment and a durable banking sector reform policy, experts say.
Leaders of the five nations vowed to protect the multilateral system, which they said is now threatened.
