BRICS FULL FORM
ET Exclusive | India is a vital contributor to the formation of the global order, says Dr Victoria Panova
Dr. Victoria Panova, a BRICS expert, highlights Russia's successful BRICS chairmanship amidst geopolitical shifts. She emphasizes BRICS' focus on global governance reform and its non-confrontational approach. Panova sees India as a vital contributor to the global order, leveraging its economic and diplomatic strength within BRICS.
PM Modi at BRICS Summit says there is no room for 'double standards' on terrorism
Prime Minister Narendra Modi addressed the BRICS Summit in Kazan, criticizing double standards on terrorism. He called for united action to combat terrorism and terrorism financing. Modi emphasized the need to prevent youth radicalization and urged cooperation on the Comprehensive Convention on International Terrorism in the UN.
Uzbekistan keen to join INSTC for full implementation of BIT with India
Uzbekistan and Turkmenistan express interest in joining the International North South Transport Corridor (INSTC) to enhance trade with India. Uzbekistan has sent its first cargo via INSTC following a new Bilateral Investment Treaty with India. The corridor is vital for Indo-Russian trade, offering an alternative route apart from China's Belt and Road Initiative.
Donald Trump¡¯s 100% tariff threat to protect dollar¡¯s global status: How India and world could react
US Presidential Election 2024: Donald Trump, the Republican presidential nominee, announced a plan to impose a 100% tariff on goods from countries that stop using the US dollar in international trade. This move aims to counter de-dollarization efforts by nations like China and India. Trump emphasized his commitment to maintaining the dollar's global dominance.
BRICS Foreign Ministers call for ensuring zero tolerance for terrorism
Foreign Ministers of the BRICS nations strongly condemned terrorism and termed it criminal and unjustifiable. They reaffirmed their commitment to combatting terrorism in all forms, including cross-border terrorism and terrorism financing. They emphasised the primary responsibility of States in combating terrorism and called for zero tolerance and rejected double standards in countering terrorism. The ministers also addressed drug trafficking, anti-corruption efforts, and nuclear disarmament in their joint statement following a meeting in Russia's Nizhny Novgorod.
India welcomes Egypt, Iran, UAE, Saudi Arabia and Ethiopia joining BRICS
The meeting on Monday was the first ministerial meeting following BRICS expansion in 2023 when Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE joined Brazil, Russia, India, China, and South Africa as full-fledged BRICS members.
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Five nations become full members of BRICS
The BRICS bloc, comprising emerging economies like India, Russia, and China, has expanded its membership by inducting five new full members¡ªEgypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates. Russian President Vladimir Putin announced this development as Moscow assumed the BRICS presidency, bringing the total number of member nations to 10.
Russia's Bold Geopolitical Pivot: Embracing the Global South, forging new alliances, and navigating economic resilience
Prof. Alexander Dynkin, at Moscow's Primakov Readings, champions Russia's pivot towards the Global South and Asia, challenging Euro-centric models. Stressing Russia-India ties, he highlights shared cultural roots and mutual support, forecasting a robust partnership. Assessing Russia-China relations, he dismisses a military alliance but acknowledges strengthened bonds. Dynkin predicts Russia's steady economic growth amidst global trends, emphasizing adaptation and self-sufficiency, forecasting a 3% GDP rise in 2023-2024.
BRICS members strongly condemn terrorism in all forms; commend India's G20 Presidency
The Ministers recalled the consensus during the 15th BRICS Summit on guiding principles, standards, criteria and procedures on the BRICS expansion process and the decision on inviting the Argentine Republic, the Arab Republic of Egypt, the Federal Democratic Republic of Ethiopia, the Islamic Republic of Iran, the Kingdom of Saudi Arabia and the United Arab Emirates to become full members of BRICS from January 1, 2024.
Russia, China look to advance agendas at BRICS summit of developing countries in South Africa
Even an agreement on the principle of expanding BRICS, which already consists of a large chunk of the developing world's biggest economies, is a moral victory for the Russian and Chinese vision for the bloc as a counterbalance to the G-7, analysts say. Both favor adding more countries to bolster a kind of coalition -- even if it's only symbolic - amid China's economic friction with the U.S. and Russia's Cold War-like standoff with the West because of the war in Ukraine.
India dismisses reports that it opposes BRICS expansion
With the upcoming BRICS summit in Johannesburg set to discuss admitting new members, India on Thursday dismissed as "baseless" reports that it is opposed to the expansion of the grouping. It is learnt that New Delhi is yet to take a final decision on Prime Minister Narendra Modi's in-person attendance in the summit of the five-nation grouping from August 22 to 24.
Brics nations reject double standards in countering terrorism
The ministers at their meeting expressed concerns regarding the increased and ongoing conflicts in many parts of the world. They reiterated the need for full respect of international humanitarian law and the provision of humanitarian aid in accordance with the basic principles of humanity, neutrality, impartiality and independence established in UNGA resolution 46/182.
IBSA Ministers voice serious concern over Ukraine conflict ahead of BRICS meet
External Affairs Minister S Jaishankar on Wednesday hosted the 10th India-Brazil-South Africa (IBSA) Trilateral Ministerial Commission Meeting along with Brazil's Minister of Foreign Affairs Carlos Alberto Franco Franca and Dr Joe Phaahla, Minister of Health of the Republic of South Africa on the sidelines of the UN General Assembly session in New york.
US pushing West-centric concept of a "rules-based world order": Russian Foreign Minister Sergey Lavrov
"We can see that a number of US-led Western countries are unwilling to develop mutually respectful dialogue with the other members of international community. Quite to the contrary, they are doing their utmost to restrain the development of new global centres and to punish those who pursue independent foreign policies. As an alternative to international law, they are advocating a West-centric concept of a ¡°rules-based world order.¡±
BRICS CCI starts women¡¯s wing to support entrepreneurs and professionals
The objective of the women¡¯s wing is to create an enabling support system for women entrepreneurs and professionals across geographies.
India world's most open, investment friendly economy: PM Modi at BRICS Business Forum
PM Modi said the grouping of five countries had led to economic development despite the global economic slowdown. Noting that India has "limitless" possibilities and "countless" opportunities, the PM urged the BRICS business leaders to take advantage of them. "I invite the business of BRICS countries to build and grow their presence in India," he said.
Modi government seen going full throttle on labour reforms in 2019
Labour ministry is already in the process of seeking Union Cabinet's approval on the amended wage code bill.
PM Narendra Modi paints terror & financial crime as biggest global threats at BRICS meet in Argentina
The BRICS leaders also expressed full commitment multilateralism and WTO in the changing geo-politics and geo-economics.
If I had a world full of Indias, I¡¯d sleep well: John Flannery, CEO, GE
"Our business is thriving in India. In healthcare, in aviation, in power, the 10-30-40 year outlook for the country is very strong," GE CEO Flannery said.
China pats Pakistan for doing its 'best' to fight terrorism
Asif is visiting China after China backed a tough resolution on terrorism at the just concluded BRICS (Brazil, Russia, India, China, South Africa) summit in Xiamen.
BRICS nations call for concerted efforts to combat terrorism
India and other BRICS nations have called for concerted efforts to combat terrorism on a "firm international legal basis".
FM Arun Jaitley assures investors reforms, says several bills in pipeline
India is no more a nation suffering from policy paralysis and uncertain taxation regime, he said, adding that now-a-days states are vying with each other to attract investment.
Startup mantras from entrepreneurs like NR Narayana Murthy, Richard Branson, Kunal Bahl and others
According to research firm PrivCo, VC funding in startups has more than tripled, from $1.06 billion in 2013 to $3.86 billion in 2014.
Top five factors why Sensex cracked over 500 points today
The good thing about Indian market is that it is least impacted in global sell-off due to better fundamentals. The global trend is bearish and some pain is expected.
Russia and India have a huge potential of bilateral trade and economic cooperation: Vladimir Putin
The Russian President praised PM Narendra Modi said that Moscow will sign a new agreement with Delhi for setting up 24 nuclear reactors.
Sino-India military exercise in November, China stresses on 'mutual trust'
The third joint exercise between the two armies had taken place in November last year in China's Chengdu city after a gap of five years.
Q4 earnings: RIL's profit jumps up 32 pc on rising refining income
Earnings from processing every barrel of crude oil rose to $10.1 in the fourth quarter, compared with $7.6 in the same quarter a year ago.
India defers announcement on contribution to IMF
India has decided to defer its announcement on making its contribution to the IMF as part of effort to maintain consensus among members of the BRICS , a powerful grouping of emerging economies.
Challenges in India self-inflicted; government should address that first: Rajeev Malik, CLSA
"Do not forget unlike 2008 a lot of the challenges with India now are home grown and the first thing the govt should do is to acknowledge that," said Malik.
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