Page 3 - Brics Summit

PM Modi to address Parliaments of Ghana, Namibia, Trinidad & Tobago: MEA

Ahead of Prime Minister Narendra Modi's 5-nation visit, senior officials from the Ministry of External Affairs informed that the Prime Minister will address the parliaments of Ghana, Namibia and Trinidad & Tobago.In a special briefing on Monday, Dammu Ravi, Secretary (ER) said that in Ghana, the visit is taking place after 30 years.The visit will see delegation-level talks during which the bilateral relations will be reviewed, and also discuss various ways to strengthen and deepen bilateral relations."The next day, Prime Minister will be addressing the parliament and he also will be interacting with the Indian community there, which is about 15,000 in number", Secretary Ravi said in his remarks.Speaking about PM Modi's visit to Namibia, Secretary Ravi said, "Prime Minister will visit Namibia on 9th July, and this visit is also important. It's coming after 27 years."He added, "There will be delegation-level talks, one-on-one discussions, and he will also address the Parliament. ..

Xi Jinping to skip Brics Summit in Rio, Li Qiang to lead Chinese delegation

Xi Jinping's absence marks a first since taking office; Brazil expresses disappointment as Premier Li Qiang prepares to represent China at the July 6-7 Brics Summit in Rio de Janeiro

Brics envoys push for anti-terror unity, trade in local currencies

Ahead of the BRICS summit in Rio de Janeiro next month, envoys of leading member nations of the grouping underlined the need for greater focus to combat terrorism and called for mainstreaming the interests and aspirations of the Global South. With US President Donald Trump's aggressive tariffs encouraging a trend towards de-dollarisation, the envoys also backed the expansion of the use of national currencies for intra-BRICS trade and pitched for deeper cooperation on economic issues. India, on its part, stressed on the pivotal importance of the grouping in promoting scalable solutions for the Global South or developing nations in areas of financial inclusion and advocated greater use of national currency in international trade. Prime Minister Narendra Modi is likely to travel to the Brazilian city to attend the crucial BRICS (Brazil, Russia, India, China, South Africa) summit. "BRICS has to get its act together and find solutions for the Global South. This requires commitment, a lo

AI key to development, balanced growth: UAE at Brics Parliamentary Forum

Parliamentary delegations discussed climate issues, artificial intelligence, peace and security, and institutional parliamentary cooperation

India urges ethical AI, stronger cultural property laws at BRICS forum

India on Monday called upon BRICS to lead not just geopolitically, but also civilisationally, forging a "cultural ecosystem" that celebrates diversity, deepens humanity and anchors progress in shared values. Union Minister Gajendra Singh Shekhawat, in his address at the BRICS Culture Ministers' Meeting in Brazil, also called for "stronger legal frameworks" to combat illicit trafficking of cultural property, and advocated "ethical AI" that respects cultural diversity. The ministerial-level dialogue culminated in the "adoption of a Joint Declaration outlining four strategic cultural priorities," the Indian Ministry of Culture said in a late-night statement. These four priorities are -- "Culture, Creative Economy, and Artificial Intelligence (AI); Culture, Climate Change, and the Post-2030 Development Agenda; Return and Safeguarding of Cultural Property; and BRICS Cultural Festivals and Alliances", it said. The declaration reflects a collective vision for inclusive, rights-based, and

Brics group shows internal rifts as ministers fall short of joint statement

Brazil said the group's foreign ministers expressed "serious concern at the prospect of a fragmented global economy and the weakening of multilateralism"

Brics+ Unit: Is it a bridge too far amid shifting global dynamics?

With global economic shifts underway, India should keep its options open on emerging alternatives to the dollar

Donald Trump warns Brics: 'Say goodbye to America' if US dollar is replaced

US President Donald Trump has warned Brics nations against creating an alternative currency to replace the US dollar, threatening 100 per cent tariffs on those attempting de-dollarisation

Brazil admits Indonesia as new member of Brics bloc of developing nations

In a statement, the Brazilian Foreign Ministry welcomed Indonesia for its entry into Brics

Doval holds talks with Chinese foreign minister on bilateral ties, border

India, China Special Representatives for the border mechanism, National Security Advisor Ajit Doval and Foreign Minister Wang Yi met here on Wednesday to discuss a range of issues, including management of peace and tranquillity along LAC and restoration of bilateral ties frozen for over four years due to the military standoff in eastern Ladakh. Doval, who is heading the Indian delegation, arrived here on Tuesday to take part in the 23rd round of the Special Representatives' talks being held after a gap of five years. The last meeting was held in 2019 in Delhi. The talks began at 10 am China time. The two officials were expected to discuss a range of issues to rebuild the bilateral ties following the October 21 agreement of disengagement and patrolling in eastern Ladakh between the two countries. On Tuesday, China expressed optimism about the talks saying that it is ready to work with India to implement the commitments based on the common understandings reached between Prime Ministe

No de-dollarisation strategy in place: RBI Guv on Trump's warning to Brics

RBI Governor Shaktikanta Das explained India's stand on de-dollarisation after US president-elect Donald Trump's warning to Brics nations

Explained: What is de-dollarisation and why Trump warned Brics nations?

Donald Trump has threatened to impose 100 per cent tariffs on Brics nations if they push for de-dollarisation and introduce a currency that could challenge the US dollar

Brics+ share in merchandise exports can overtake G7 by 2026: EY India

The share of BRICS+ grouping in global merchandise exports can overtake the G7 bloc by 2026, EY India said on Wednesday. The October edition of EY Economy Watch reveals a significant shift in global trade dynamics, with the BRICS+ group rapidly increasing its share in merchandise exports and imports. From 2000 to 2023, the BRICS+ group's share of global merchandise exports has risen from 10.7 per cent to 23.3 per cent, marking an impressive increase of 12.6 percentage points. In contrast, the G7's share has seen a notable decline, dropping from 45.1 per cent to 28.9 per cent. Meanwhile, the rest of the world has maintained a relatively stable share, increasing slightly from 44.2 per cent to 47.9 per cent. G7 is a grouping of advanced economies -- the United States, Canada, France, Germany, Italy, Japan, and the United Kingdom. This trend highlights the growing prominence of the BRICS+ group in the global trade arena, suggesting a potential shift towards a multipolar global economi

World looking at India with new hope, discussing prospects it presents: PM

Prime Minister Narendra Modi asserted on Monday the world is now listening to India with rapt attention and seriousness, and everyone is looking at the country with new hope and discussing the vast possibilities it presents in different fields. Addressing a gathering at Lathi in Amreli district of Gujarat after launching development projects worth Rs 4,800 crore, he said countries that participated in the recent BRICS summit (held in the Russian city of Kazan) expressed their eagerness to join hands with India and become partners in its development journey. German Chancellor Olaf Scholz, during his visit to New Delhi last week, announced that his country will issue visas to 90,000 Indians every year, and it is now up to the country's youth to develop skills for the same, said Modi. "As we continue to develop, India's pride and influence on the world stage is increasing. The whole world is looking at India with new hope, and a new vision. People have started recognizing India's ...

Modi and Xi’s first bilateral meeting in 5 years: What was on the table?

Indian Prime Minister Narendra Modi and Chinese President Xi Jinping recently met for the first time in nearly five years at the 16th BRICS summit in Russia. What did they discuss?

Disputes must be settled by dialogue and diplomacy: Jaishankar at Brics

Asserting that addressing conflicts and tensions effectively is a particular need of the day, External Affairs Minister S Jaishankar on Thursday said disputes and differences must be settled by dialogue and diplomacy, and agreements, once reached, must be scrupulously respected. He made the remarks while representing Prime Minister Narendra Modi at the BRICS Outreach session in Kazan in Russia. We meet in difficult circumstances. The world must be prepared to think afresh on longstanding challenges. Our gathering is a message that we are indeed prepared to do so, Jaishankar said. In his address, he also cited Prime Minister Narendra Modi's previously spoken words that This is not an era of war. Addressing conflicts and tensions effectively is a particular need of the day. Prime Minister Modi has emphasised that this is not an era of war. Disputes and differences must be settled by dialogue and diplomacy. Agreements, once reached, must be scrupulously respected, the external affairs

PM Modi returns to India as Brics Summit concludes 5 big takeaways | Brics Summit 2024

The 16th Brics Summit, held in Kazan, Russia, concluded on October 23. Here’s taking a look at the key takeaways from the summit. Watch the video to know more.

Brics must avoid being an anti-West group as it grows, says PM Modi

Comments underscore PM Modi's challenge in trying to balance ties with Russia, which India relies on for cheap oil, and US, which is providing access to cutting-edge technology for manufacturing

Xi Jinping agrees 'in principle' to PM Modi's suggestions on improving ties

Chinese President Xi Jinping agreed "in principle to the suggestions made by Prime Minister Narendra Modi during their meeting here on Wednesday to improve India-China relations, state-run Xinhua news agency reported. In his meeting with Modi on the sidelines of the 16th BRICS Summit in the Russian city of Kazan, Xi said China-India relations are essentially a question of how the two large developing countries and neighbours, each with a 1.4-billion-strong population, treat each other. Xi said China and India should maintain a sound strategic perception of each other and work together to find the "right and bright path" for big, neighbouring countries to live in harmony and develop side by side. The two leaders commended the important progress the two sides recently made through intensive communication on resolving the issues in the border areas. Modi made suggestions on improving and developing the relationship, which Xi agreed to in principle," Xinhua news agency reported without

PM Modi arrives in Delhi after attending Brics Summit in Russia's Kazan

Prime Minister Narendra Modi also met several world leaders, including Chinese President Xi Jinping, Russian President Vladimir Putin and UAE President Sheikh Mohamed bin Zayed Al Nahyan