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India, the government’s top advisor argued, must support China’s bid to include its currency in the IMF’s basket of reserve currencies.
The New Development Bank (NDB) will make its first round of loans in national currencies, cutting out the dollar.
China has pledged to get 20 per cent of its energy by 2030 from renewables and nuclear power, almost double the current share.
India’s GDP growth slowed to 7 per cent in the April-June quarter, from 7.5 per cent in the previous quarter.
For 2015, Brazil is targeting a primary surplus of 0.15 per cent of gross domestic product.
The government had resorted to temporary executive orders in the absence of parliamentary approval for the bill.
Profits at industrial companies with annual revenues of more than $3.1 million totaled 471.6 billion yuan in July.
The two sides are in the midst of crucial negotiations on Russian gas deliveries to China via the proposed western route.
It will be “a long time” before India can replace China as a growth engine for the global economy, Rajan told BBC.
Investors feared fresh rate cuts in China would not be enough to halt a stock collapse that is wreaking havoc in global markets.
