LIVE! India likely to get equal share in Brics bank
July 15, 2014  18:51
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Possible breakthrough for India.

While China is all set to get the Brics bank headquarters, India's demand for an equal share in the Brics bank may be accepted. PM Narendra Modi has also suggested that the Brics bank be called New Development Bank.

The leaders of the five emerging market economies are expected to sign a deal on Tuesday that creates the $100 billion bank and a reserves fund of the same size to challenge Western dominance over global finance.

The five nations are Brazil, China, India, Russia and South Africa.
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