China has announced the Shanghai Cooperation Organisation (SCO) will establish a Development Bank, a move aimed at boosting regional efficiency and social development. Foreign Minister Wang Yi confirmed the decision, highlighting its significance for the entire EuroAsian region. The SCO also approved Laos as a new partner and will streamline its structure. Post navigation Ahead of DUSU & PU polls, NSUI initiates appointment of next national president Delhi-NCR rains: Airlines issue advisory as flood alert sounded; what flyer must know