BRICS summit build-up: Focus on development cooperation

BRICS summit build-up: Focus on development cooperation

brics-logo-2016

The build-up towards the 8th BRICS summit India will be hosting in Goa in October has acquired a momentum, with a series of meetings being⋅⋅⋅
READ MORE

Political Upheaval in Brazil

Brazil has been in a state of political upheaval since April-May 2016. In fact, political scandals, based on allegations of corruption against politicians and state⋅⋅⋅
READ MORE

India targets BRICS to invest in key national renewal plans

BRICS meet

Showcasing the India growth story, India has asked its BRICS (Brazil, Russia, India, China, South Africa) partners to invest in India’s flagship programmes such as⋅⋅⋅
READ MORE

BRICS foreign ministers emphasise on equitable international order

BRICS FM meet

NEW YORK: In the backdrop of the United Nations General Assembly (UNGA) approving text-based negotiations in reforming the UN Security Council (UNSC), the BRICS countries⋅⋅⋅
READ MORE

New Development Bank to lend its first loan in Chinese currency

29kv5

In what could be a big boost to the use of Renminbi (RMB) internationally, China’s currency is all set to become the first currency that⋅⋅⋅
READ MORE

Banking on BRICS: NDB open for business

BRICS Bank

  The New Development Bank (NDB) that was launched by the BRICS countries at the 7th summit in Ufa to provide the much-needed infrastructure funding⋅⋅⋅
READ MORE

BRICS Ufa summit: Three key takeaways for India

The Prime Minister, Shri Narendra Modi at the Welcome Ceremony during the BRICS Summit, in Ufa, Russia on July 09, 2015.

The theme of the recently concluded BRICS summit at Ufa, Russia, was titled “BRICS Partnership- a Powerful Factor of Global Development”. The focus thus was⋅⋅⋅
READ MORE

Ufa summit: BRICS leaders walk the talk, New Development Bank to lend by 2016

ufa-brics-modi

Reinforcing their commitment to remapping the global financial landscape, the leaders of the BRICS group of emerging powers declared operationalized their two signature initiatives the New Development Bank (NDB) and Contingent Reserve Agreement(CRA), saying these institutions will act as a global safety net amid fragile economic recovery. “We welcome the substantive progress that was made since the Fortaleza Summit on 15 July 2014 during the Brazilian BRICS Chairmanship, especially the establishment of BRICS financial institutions: the New Development Bank (NDB) and the Contingent Reserves Arrangement (CRA). The Ufa Summit marks their entry into force,” said the Ufa Declaration. Amid fragile global recovery, the BRICS also formally adopted strategic economic partnership which will upscale trade and investment among emerging economies and positioned them as the future hub of economic growth.
The 7th BRICS summit has imparted a big push to the ongoing project of recasting the global financial system and underscored the centrality of emerging powers in this process.

BRICS summit: India slams western sanctions, pitches for enhanced economic ties

brics-modi-ufa

UFA (Russia): In a veiled critique of the Western powers which would have been cheered by Moscow facing pressure over the Ukraine crisis, India’s Prime⋅⋅⋅
READ MORE

Das Kadam: Modi unveils ten-step plan for bolstering BRICS

brics-modi-russia

India’s Prime Minister Narendra Modi unveiled a 10-step formula for buttressing the BRICS grouping of emerging powers. The Indian leader’s proposals encompassed a wide spectrum⋅⋅⋅
READ MORE