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BRICS decided to establish new development bank with initial USD 100 billion


BRICS countries decided to establish the new development bank with an initial authorised capital of USD 100 billion for which the initial subscribed capital will be equally shared by the founding members, a point New Delhi emphasised to prevent by domination by anyone of the members.A currency reserved pool mechanism has also been agreed upon.The agreement on establishing the bank and a contingency reserve arrangement with an initial size of 100 billion...

Boeing 777 of Malaysia Airline shot down over Ukraine, 295 people feared dead
All 295 passenger of Malaysia Airlines 295 passenger on board were feared dead  after the aircraft was reportedly shot down over war-torn eastern Ukraine near the Russian border. The Malaysia Airlines Boeing 777 was flying from Amsterdam to Kuala Lumpur carrying 280 passengers on board and 15 crew.Airlines confirmed on Twitter, Malaysian Airlines has lost contact of MH17 from Amsterdam. The last known position of the plane..

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