Page 5 - Brics

Brazil's Troyjo to be new head of BRICS bank; SBI's Anil Kishora vice-prez

The decisions were made on Wednesday at a special meeting of the Board of Governors in accordance with the Articles of Agreement of the NDB and its procedures, a press release from the bank said

BRICS' New Development Bank provides $1 bn loan to India to fight Covid-19

The Shanghai-based New Development Bank (NDB) was established by the BRICS (Brazil, Russia, India, China, South Africa) countries in 2014 and is headed by veteran Indian banker K V Kamath.

Brics foreign ministers to discuss ways to jointly combat coronavirus today

The ministerial videoconference hosted by Russia, the current rotating head of the BRICS, will also focus on the impact of the Covid-19 pandemic on international relations

Beyond green shoots: How to ensure speed and quality of economic recovery

Unless key issues are addressed, even if growth bounces back from the sub-5 per cent, it will stay lower than the already inadequate long-term average of 6.6%, writes T N Ninan

BRICS nations working on framework deal to build remote-sensing satellites

The nations plan to set up a virtual constellation to access remote-sensing data, which could be used to monitor natural resources and manage disasters

India's deposit insurance cover lowest among BRIC, says FM Sitharaman

The ratio for China stands at 7.4, and for Russia, it is 2.2

India and its Brics dilemmas

The five-country group faces challenges arising from bilateral differences and diverse political systems

PM Narendra Modi, other BRICS leaders call for 'urgent' need to reform UN

The leaders underlined the imperative that international organisations be fully driven by member states and promote the interests of all

PM Modi calls for road map to meet $500-bn intra-BRICS trade target by 2020

PM addressed the plenary session of the meet, where he highlighted issues including trade, investment, terrorism, water management and multilateralism

BRICS nations for common payment system to reduce dollar dependence: Russia

Dmitriev said the five BRICS nations had also discussed creating a common cryptocurrency for mutual payments as the grouping was reducing the share of payments in the U.S. dollar.

BRICS Summit: India world's most investment-friendly economy, says PM Modi

Noting that India has "limitless" possibilities and "countless" opportunities, he urged the BRICS business leaders to take advantage of them

Xi to Putin, BRICS leaders rail against 'bullying' protectionism

China, Russia, India, Brazil and South Africa called for greater inter-BRICS trade and investment.

India world's most open, investment friendly economy: Modi tells BRICS bloc

India has political stability, predictable policy: Prime Minister tells business leaders.

Indian wins 'BRICS-Young Innovator Prize' for indigenous milk chilling unit

The prize was awarded to Prakash, who hails from Bihar

BRICS Summit: PM to discuss anti-terror measures with Brazil Prez, others

The BRICS countries will also look to enhance cooperation on digital economy and build mechanisms for counter-terrorism cooperation within the BRICS framework, Modi said.

PM Modi to visit Brazil on Nov 13 and 14 to attend 11th BRICS summit

Through a network of high level and working group meetings, the BRICS agenda has expanded considerably to include issues of mutual concern.

BRICS has lost relevance as economic grouping, says Standard & Poor's

The better-than-projected economic performance of China and India over the past two decades contrasts with disappointing results in Brazil, Russia, and South Africa

Good news for Indian travellers: Soon, no need for visas to enter Brazil

Both India and China are part of BRICS - an association of five major emerging national economies including Brazil, Russia and South Africa

PM Modi meets Vladimir Putin; stresses on stronger India-Russia relations

PM Modi meets President Putin; discusses issues of mutual interests

BRICS bank plans to tap Indian Rupee offshore market to raise capital

The Shanghai-based NDB - floated by Brazil, Russia, India, China and South Africa (BRICS) - is headed by renowned Indian banker K V Kamath