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6 More Countries Set To Join BRICS From January 1 Next Year To Expand Global Influence

In a latest development, BRICS group of nations are all set to invite six more countries to become full members, confirmed South Africa President Cyril Ramaphosa. These nations are Egypt, Ethiopia, Iran, Argentina, the United Arab Emirates and Saudi Arabia. These ...

India Will Soon Become Five Trillion-Dollar Economy, Says PM Modi At BRICS Forum

In his speech at the BRICS Business Forum Leaders' Dialogue on Tuesday in Johannesburg, Prime Minister Narendra Modi highlighted India's tale of economic growth. Prime Minister Narendra Modi said India will soon become a five trillion-dollar economy. He praised sectors involving ...

Xi Jinping Skips Key BRICS Event, No Reason Cited For Missing Speech

China's leader Xi Jinping on Tuesday skipped a scheduled speech at the crucial multilateral business form in South Africa. No reason has been cited yet for missing the speech, according to report. However, the leader later attended the summit dinner as ...

BRICS Summit: PM Modi Says No Doubt In Coming Years, India Will Be Growth Engine Of World

Prime Minister Narendra Modi in his visit for 3-days BRICS summit said believes India will be a growth engine for the world in the coming years without a doubt. He said nations under BRICS play a significant role in the world ...

BRICS Summit: Bloc Expansion, Members, Agenda, Date; Know Key Details

The BRICS - Brazil, Russia, India, China, and South Africa - a group of major emerging economies to hold its 15th summit in Johannesburg, South Africa this month from August 22-24. The summit is expected to be attended by Brazil's President ...

BRICS Bank Put On Hold All New Transactions, In Russia Due To Ukraine Crisis

The New Development Bank (NDB) of the BRICS bloc has put all new transactions in Russia on hold citing the "unfolding uncertainties and restrictions", amidst the Ukraine crisis. The NDB's move came a day after the Asian Infrastructure Investment Bank (AIIB) ...

BRICS To Allocate $15 Bn For Member Nations To Revive Pandemic-Hit Economies

After a virtual meeting to discuss the impact of the COVID-19 spread on Tuesday, foreign ministers of the BRICS (Brazil, Russia, India, China, South Africa) nations decided to allocate $15 billion towards setting up a special loan instrument through the New ...

India An Island Of Calm In Ocean Of Turmoil: Rajan

Stating that Indian economy is doing "quite well" when advanced countries are struggling to grow, RBI Governor Raghuram Rajan today termed India as an "island of relative calm in an ocean of turmoil". "If we look around the world today, ...

Narendra Modi meets Brazilian President; 3 bilateral agreements inked

Giving a boost to bilateral ties, India and Brazil on Wednesday decided to expand trade and investment flows while deepening collaboration in the fields of renewable energy, defence and cyber security as they signed three pacts including one on cooperation in ...

BRICS bank to get going in 2 years; India to head for 6 years

India will have the Presidency of the BRICS' USD 100 billion New Development Bank for six years with headquarters in China that will become operational in about two years, a major step for reshaping the international financial system dominated by the ...

India likely to get first presidency of BRICS Development Bank

The BRICS summit, Prime Minister Narendra Modi's first multilateral engagement, commenced here on Tuesday amid an understanding that the five member nations will have equal shareholding in the proposed $50 billion BRICS Development Bank presidency of which is likely to go ...

5 things you should know about the new BRICS Development Bank

Leaders from Brazil, Russia, India, China and South Africa (BRICS) today launched the BRICS Development Bank, the first of its kind from emerging countries. Here are 5 facts that you would like to know about the BRICS Development Bank. {photo-feature}...

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