India pitches 50 billion US dollars for BRICS Bank
Russia, September 6 (ANI): India during a formal meet of member nations of
the BRICS (Brazil, Russia, India, China and South Africa) group has agreed to contribute 50 billion US dollars for the proposed developmental bank by
BRICS. Indiaís Foreign Secretary Sujatha Singh said India was yet to discuss on its proposal to raise the proposed capital for BRICS Bank. Earlier, the establishment of the development bank aimed at providing funds for infrastructure projects had been slow in
coming with prolonged disagreement over funding and management and location of the institutionís nodal centre. The establishment of the group's development bank was first proposed in 2012, but approved only earlier this year at a BRICS summit at Durban in South Africa. The BRICS group of emerging economies plan to contribute $100 billion to a fighting fund to steady currency markets
destabilised by an expected pullback of the US monetary stimulus.
Sportspersons ask IOA to resolve differences with IOC
New Delhi, September 6 (ANI): Leading sportspersons of the
country urged upon the IOA to resolve its differences with International Olympic Committee (IOC) in the interest of the sports. The IOA has declined to accept IOCís chargesheet clause, which debars tainted officials from contesting elections of the affiliated sports bodies.
Ace wrestler Satpal Singh said the row could hamper playersí performance.
Wrestler Sushil Kumar wished that the IOA would honour the rule prescribed by the IOC.
No need to worry about Chinese
New Delhi, September 6 (ANI): External Affairs Minister Salman Khurshid
yesterday said there was continuous patrolling by the Army along the Line of Actual Control
(LAC) and there was no need to worry about any intrusion from the Chinese side.
The People's Liberation Army (PLA) of China has gradually occupied nearly 640 square kilometres of area on the LAC in Ladakh
during the past few months. Commenting on the report submitted by the National Security Advisory Board (NSAB) chairperson Shyam Saran, Khurshid said
he would not take any stand on the issue till he went through the report.
approach towards China weak: BJP
New Delhi, September 6 (ANI): Speaking over the reports that People's Liberation Army (PLA) of China has gradually occupied nearly 640 square
kilometre area on the LAC in Ladakh in the past few months, BJP vice president Mukhtar Abbas Naqvi slammed government for its weak approach towards China.