Banking service chronicle Published this article page no 47 there is only one sherpa per summit for each member country. 12th meeting of brics s&t steering committee was hosted by india recently. o india proposed stiled brics innovation cooperation action plan (202124) to facilitate sharing of experiences of each others innovation ecosystem in 10 thematic areas including antimicrobial resistance and big data analytics. brics new development bank why in news recently the india has recently welcomed egypt as the fourth new member of the brics new development bank (ndb). bangladesh uae and uruguay have also joined in september 2021. more about brics ndb the new development bank (ndb) is a multilateral development institution (mdi) established by brics countries – brazil russia india china and south africa during the 6 th brics summit in fortaleza (2014).the banks membership is open to members of the united nations. purpose with an authorized capital of us$ 100 billion ndb supports public and private infrastructure and sustainable development projects in brics nations and other emerging and developing economies governance structure it functions through a board of governors a board of directors a president and vicepresidents with the president being elected from one of the founding members on a rotational basis Banking service chronicle buy.
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