Page 2 - Brics

BRICS members have similar approach to governance of global economy: PM

It is matter of happiness that membership of BRICS' New Development Bank has increased, says PM Modi

Indian envoy Rawat meets Chinese foreign minister ahead of BRICS summit

Their meeting on Wednesday assumed significance as it came ahead of Thursday's virtual BRICS summit hosted by President Xi Jinping which Prime Minister Narendra Modi is due to take part

Xi Jinping reaffirms growth target that analysts say is out of reach

Chinese President Xi Jinping pledged to meet economic targets for the year even as the government's zero tolerance approach to combating Covid outbreaks

14th BRICS summit to review current global issues, reach key agreements

At the 14th BRICS summit which is to be hosted by China in a virtual mode on 23-24 June, the member nations will review the current global issues and will reach key agreements, said Russian Embassy in India on Wednesday.Prime Minister Narendra Modi will attend the 14th BRICS summit in a virtual mode. "At the invitation of President Xi Jinping, Prime Minister Shri Narendra Modi will be attending the 14th BRICS Summit hosted by China in virtual mode on 23-24 June 2022. This includes a High-Level Dialogue on Global Development with guest countries on June 24," the Ministry of External Affairs said in a statement.The leaders of Brazil, Russia, India, China & South Africa will discuss the status of diverse political, economic, cultural and humanitarian cooperation, the Embassy said."There are also plans to review current international and regional issues. The #BRICS summit's final Declaration will formalise key agreements. On June 24, Vladimir #Putin will also speak at a 'BRICS Plus'

Economy to grow 7.5% in FY23, will be world's fastest growing: PM Modi

The prime minister also said his government has brought about transformative changes to enable technology-led growth, in sectors such as space, new economy, green energy, and data

PM to virtually attend BRICS Summit; focus on developing-country issues

The Ministry of External Affairs said that BRICS has become a platform for discussing and deliberating on issues of common concern for all the developing countries

Inflation: Looking beyond forecasts

It may be worthwhile to pay attention to what the markets are telling us, as they did during the pandemic, rather than rely on consensus forecasts

NSA Doval calls for bolstering cooperation against terrorism at BRICS meet

National Security Advisor (NSA) Ajit Doval on Wednesday called for bolstering cooperation against terrorism without any reservations as he addressed a virtual meeting of the five-nation grouping BRICS

Stories during stagflation: How India fares on 'modified' misery index?

Misery is the highest in countries known for economic mismanagement: Turkey, Argentina, South Africa. Next come Russia, Brazil, Pakistan and Egypt. And then India, notes T N Ninan

FMs, central bank guvs of BRICS nations vow to deepen financial cooperation

The Finance Ministers and Central Bank Governors of BRICS nations reached a consensus on deepening financial cooperation and strengthening coordination on macroeconomic policy

India's economic growth to be supported by fiscal spending: FM Sitharaman

The government has proposed to significantly step up the public investment by raising capital expenditure by 35.4 per cent to Rs 7.5 lakh crore or 2.9 per cent of the GDP in the current financial year

Actively support Russia's move to expand BRICS bloc, says China

"China will work on BRICS-related parties to continue to have in-depth discussions on BRICS expansion and determine the standards and procedures for that on the basis of consensus.

BRICS bank to open India's regional office in GIFT City in Gujarat

The Indian Regional Office will be instrumental in enhancing NDB's engagement with borrowers and stakeholders

Russian foreign minister briefs BRICS counterparts on situation in Ukraine

The foreign ministers of BRICS (Brazil-Russia-India-China-South Africa) countries held a virtual meeting during which the Ukraine issue was discussed

BRICS must live up to commitments to sovereign equality: Jaishankar

The knock-on effects of Ukraine conflict have led to a sharp increase in costs of energy, food, must be mitigated for the sake of developing countries, External Affairs Minister said

Jaishankar to take part in BRICS Foreign Ministers meeting on Thursday

China will host the BRICS Foreign Ministers meeting on Thursday via video link in which External Affairs Minister S Jaishankar will take part along with his counterparts from the five-member bloc

Ethiopian Airlines to boost India flights, eyes higher traffic from BRICS

Ethiopian Airlines, the largest carrier in Africa, is allowed to operate 35 flights per week to Mumbai, Delhi, Bengaluru and Chennai.

Between BRICS and Quad

Geopolitical shifts have increased difficulties for India

China calling

India should view Beijing's latest overtures with caution

BRICs or FAANGs: Convenient acronyms don't spell safe investment bets

The FAANGs group of tech and internet giants Facebook, Amazon, Apple, Netflix and Google owner Alphabet has been the vanguard of the so-called fourth industrial revolution for over a decade