2014 witnesses general election in nine phases in India. Of course, no party ever wins with a majority and usually alliances form the government. However, the battle amongst Indian National Congress (Congress), Bhartiya Janata Party (BJP) & debutant Aam Aadmi Party (AAP) has created headlines. Indian markets keep a close watch on may 16 since it will decide the fate of the country.
The newly established BRICS New Development Bank (NDB) is going to be headed by Indian banker KV Kamath. The bank is headquartered in Shanghai and is an attempt to bring together emerging economies of Brazil, Russia, India, China and South Africa.
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