Modi upbeat about development bank

July 14, 2014 6:04 AM

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New Delhi and Beijing - Indian Prime Minister Narendra Modi headed to Brazil yesterday for a meeting of the Brics group of emerging powers, hoping to seal the long-discussed deal to open a new development bank.

Modi will be the guest of Brazilian President Dilma Rousseff, who will also host the leaders of Russia, China and South Africa tomorrow.

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