Explanation:

New Development Bank or NDB or BRICS Bank will for the first time provide aid to Inia to develop and upgrade district roads in Madhya Pradesh. The bank intends to fund infrastructure projects in emerging economies for sustainable development. It is headquartered in Shanghai in China and KV Kamath as its first and present President. Each member country has been assigned one vote and none of the countries have been provided with VETO to distinguish it from IMF and WB.