Latest New Development Bank News & Updates

Aizawl, Jan 19 (IANS) Mizoram Chief Minister Lalduhoma on Monday laid the foundation stone for the 24 MW Tuirini Small Hydro Electricity Power Project in Aizawl district.The project will be commissioned as an Externally Aided Project, funded through a loan from the Shanghai-based New Development Bank (NDB).Officials said that the project will be set up on the banks of the Tuirini River at a total cost of Rs 676.98 crore.Addressing the function, the Chief Minister recalled that a 10 MW Thenzawl S…

New Delhi, Dec 26 (IANS) India has taken over the BRICS+ presidency for 2026, demonstrating its highly enriching founding membership and opportunity to boost the intergovernmental association as a leading geopolitical force in the Global South. With its presidency set to begin in 2026, India has already outlined its framework of priorities for BRICS, a report highlighted on Friday. Brazil took over the BRICS presidency from Russia in 2025 and India is set to assume its presidency in 2026. Curren…