Page 6 - Brics

BRICS calls on states to prevent terrorist actions from their territories

The leaders of the five nations pledged to strive to promote international anti-corruption cooperation and strengthening of legal frameworks

BRICS leaders call for transparent, inclusive international trade

The leaders reiterated their commitment to working together to strengthen multi-lateralism and promote a fair, just, equitable, democratic and representative international order

Indian banks' profitability weaker than BRICS peers, says Moody's report

Moody's says the system, as a whole, is unprofitable due to high credit costs at dominant state-owned banks

Cabinet approves BRICS MoU for joint cooperation in social, labour sphere

The MoU was signed on August 3, 2018, during BRICS Labour and Employment Ministers (LEM) meeting held under the South African Presidency in Durban, South Africa

India gives ex-post facto nod to BRICS' pact on environmental cooperation

The MoU identifies various areas of cooperation, including air quality, water, biodiversity, climate change and waste management

BRICS nations call for 'open' global trade, pledge unity against trade war

The nations also called on all WTO members to abide by WTO rules and honour their commitments in the multilateral trading system

Indian exports to BRICS grow 7.5% in Q1 2018 in terms of total volume

The growth for BRICS, led by India and followed by China was due to their growing exports to the world at 13 per cent and 5 per cent year-on-year respectively

Time's ripe for an independent BRICS credit rating agency: S C Garg

India has pressed the BRICS nations to set up an independent rating agency of the five-member group. The first meeting of the BRICS Finance Ministers and Central Bank Governors was held on the sidelines of the IMF/World Bank Spring Meetings yesterday. Representing India in the meeting of the 5 nation bloc, Economic Affairs Secretary Subhash Chandra Garg sought the support of the Presidency in building consensus amongst the BRICS membership on the BRICS Rating Agency proposal. "He requested the Presidency to receive and take forward the report to be submitted by expert group set up under the aegis of BRICS Business Council to study the feasibility of the BRICS Rating Agency," the finance ministry said in statement. India had first mooted the idea of having such an agency for the BRICS (Brazil, Russia, India, China, South Africa) grouping to can solve impediments for the emerging market economies posed by the present credit rating agency market that is dominated by S&P, Moody's and .

BRICS Summit: Narendra Modi, Xi Jinping to hold bilateral meet today

According to External Affairs Ministry officials, Modi will meet Xi at 10 am IST

BRICS: Members press for financial market integration in China summit

---Drop the pointers---The ongoing ninth summit in China of the BRICS (Brazil, Russia, India, China, South Africa) grouoping has called for integrating of their financial markets."We agree to facilitate (this) through promoting the network of financial institutions and the coverage of financial services within BRICS countries, subject to each country's existing regulatory framework and WTO (World Trade Organization) obligations," went the joint declaration on Monday.This will include more cooperation in the areas of swap, settlement and direct investment in local currencies, consistent with each central bank's mandate. Also on the cards is greater communication between financial sector regulators. The previously created BRICS Interbank Cooperation Mechanism will be playing an important role in this.Agreements between various national development banks on interbank local currency credit lines and on interbank cooperation in credit rating is expected. Last month, trade ministers of ...

Five BRICS development banks sign credit agreement ahead of summit: Report

Agreement enables them to share information about internal credit ratings and rating assessments

BRICS account for 47% of global online retail sales

Online retail sales of BRICS countries led by China and India surpassed $876 billion in 2016

BRICS' heads of revenue sign tax co-operation pact; hail India's GST move

They also deliberated upon contemporary international tax issues

India raises terrorism issue at Brics Foreign Ministers' meet

China has rejected India's resolution at the UN to designate Azhar as an international terrorist

BRICS development bank plans to fund 15 infra projects worth $3 bn in 2017

The bank also plans to raise $300 million to $500 million in rupee-denominated bonds

BRICS bank to lend between $2.5-3 billion in 2017: K V Kamath

This is nearly double the amount the bank loaned last year

'BRICS Bank to finance technological innovation projects'

The BRICS now represents two thirds of the developing world's economy

Why BRICS nations' alternative rating agency may not work

The proposed rating agency is bound to face a number of major challenges

Enhance cooperation to protect common interests: Xi Jinping to BRICS

China hopes cooperation among BRICS grouping will move forward to a new level during its 9th summit

BRICS bank grants $350 million loan for MP road project

Project has one of the largest installed capacities among projects with similar design in China