Modi pitches for bigger BRICS role in combating terror, Xi backs India

HAMBURG:  Ahead of the BRICS summit in China, India’s Prime Minister Narendra Modi underlined that the BRICS grouping should play a pivotal role in combating terrorism, addressing climate change and take the lead in fuelling global economic growth.
Mr Modi was speaking at the meeting of 
the  leaders of the five BRICS countries on the sidelines of G20 Summit in Hamburg, Germany. China will host  the forthcoming 9th BRICS Summit in September in Xiamen.
 In his intervention, Mr Modi underscored that BRICS has been a strong voice and needs to show leadership on terrorism and global economy. He added that G20 should collectively oppose terrorism financing, franchises, safe havens, support and sponsors. 

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Modi meets Xi in Hamburg amid escalating border tensions

Amid worsening relations between the two Asian giants triggered by a protracted border standoff, India’s Prime Minister Narendra Modi and China’s President Xi Jinping discussed “a range of issues” to defuse tensions that could spin out of control, if not managed with tact.
The leaders of the two countries shook hands warmly and smiled on the sidelines of the meeting of BRICS countries in Hamburg,  which belied an increasingly hostile atmosphere that has enveloped bilateral ties.
Reliable sources said the conversation lasted for nearly four minutes.

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Modi targets black money, pitches for BRICS Bank by 2016

Fourth months after his BRICS debut in Fortaleza, Brazil, India’s Prime Minister Narendra Modi met the leaders of Brazil, Russia, China and South Africa in the picturesque Australian city of Brisbane and underlined that the repatriation of black money parked abroad, that runs into billions of dollars, was “a key priority,” and linked it to security challenges facing the world.

Mr Modi, whose government has vowed to vow bring black money kept in secret bank accounts by Indians abroad a national priority, made a strong pitch for “close coordination” on the issue during an informal meeting of the five-nation BRICS leaders on the sidelines of the BRICS summit in Brisbane November 15.

Building on the architecture of the BRICS Bank fleshed out in Fortaleza at the July 15 summit, the Indian leader said that BRICS should set 2016 as the target for the inauguration of the BRICS Bank.

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