"I am not (going for BRICS summit). Earlier I was supposed to, but I have cancelled it because the Budget session is there," Jaitley told PTI in an interview here.
Prime Minister Narendra Modi will be leaving on Sunday for Brazil to attend the BRICS summit where setting up of a USD 100 billion BRICS Bank is high on the agenda.
BRICS is a group of emerging economies-- Brazil, Russia, India, China, South Africa.
Modi may have meetings with heads of states during the visit, including Russian President Vladimir Putin, Chinese President Xi Jinping, South African President Jacob Zuma and host Brazil's President Dilma Rousseff in Fortaleza, where the summit begins on July 15.
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