BRICS New Development Bank Gains Traction Quietly

While Beijing's Asian Infrastructure Investment Bank (AIIB) has won overwhelming support (to the surprise of many, including China itself), another bank headquartered in China seems to be flying under the world's radar. Few people have heard of the BRICS New Development Bank (NDB). This was the strong impression I got after visiting Washington, Sydney and Canberra over the last couple of months. The NDB idea was proposed in 2011 by the Nobel Laureate Joseph Stiglitz, and it initially encou...
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Indian Navy Launches Lethal Missile Destroyer

The Indian Navy has launched its first guided-missile destroyer of Indian design and construction, the country's Defense Ministry said in a statement Monday. "The first ship of project — 15B, guided missile destroyer, christened 'Visakhapatnam' was launched on April 20, 2015 at a magnificent ceremony at Mazagaon Dock Limited (MDL), Mumbai," the statement read. The Visakhapatnam is the first of four destroyers of the class designed by the Directorate of Naval Design in New Delhi. The ste...
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