Page 14 - Brics

India dismisses 'baseless' 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. The summit is set to extensively deliberate on expansion of BRICS (Brazil, Russia, India, China and South Africa). The United Arab Emirates, Saudi Arabia, Argentina, Iran, Indonesia and Kazakhstan are among countries which have shown keen interest in joining the grouping. "We have seen some baseless speculation that India has reservations against the expansion. This is simply not true," External Affairs Ministry Spokesperson Arindam Bagchi said at a media briefing. "We have talked about India's position on expansion and we have clarified our position in the past. As mandated by the leaders last year, BRICS members are ..

PM Modi unlikely to travel to South Africa for Brics, to attend virtually

China and Russia are keen to discuss expansion of BRICS at the summit, while India has reservations about that idea

Brics will move forward on expansion at summit, says South Africa

Heads of state from Brazil, Russia, India, China and South Africa will make a pronouncement on the enlargement of the group when they meet Aug. 22-24, Anil Sooklal said

Expansion worries

Enlarging Brics will not inevitably restore relevance

India, Brazil push back against China's bid to rapidly expand BRICS

Dozens of other nations are also clamoring to join the alliance, fueling western concerns the group is moving to become a counterweight to Washington and the European Union

BRICS came into being to create more just world: S African ambassador

The BRICS bloc comprising Brazil, Russia, India, China and South Africa was created to address the inequities in the current world order, South African diplomat Anil Sooklal said on Thursday. Sooklal, the Ambassador at Large: Asia and BRICS at the South African Department of International Relations and Cooperation, was speaking on radio station 702 after President Cyril Ramaphosa announced on Wednesday that Russian President Vladimir Putin would not personally attend the BRICS Summit in Johannesburg. Russia will be represented by its Foreign Minister Sergey Lavrov at the summit. However, Putin will deliver his speech via video conference at the BRICS Summit that will take place between August 22 and 24. South Africa is the current chair of the BRICS. The ICC has indicted Putin for war crimes over accusations that Russia unlawfully deported Ukrainian children. As a member of the ICC, South Africa is expected to arrest Putin if he sets foot in the country. "President Putin decided n

Twenty two nations apply for BRICS membership, says South Africa

Sooklal has previously said that countries including Saudi Arabia and Iran have formally asked to become BRICS members

There is a lot more risk aversion happening: Rothschild & Co India head

In a Q&A, the firm's India MD Chandresh Ruparel discusses the current M&A and PE space and outlook, even as he remains most bullish on India among BRICS nations for its ability to attract capital

BRICS Sherpas exchange views on enhancement of strategic partnership

Secretary (Economic Relations) Dammu Ravi participated in the extraordinary meeting of the BRICS Sherpas/Sous-Sherpas in South Africa's Durban and exchanged views on the development and enhancement of the strategic partnership within the association.Taking to Twitter, the Russian Embassy in India said, "On July 5-6, #Russian Deputy Foreign Minister Sergey Ryabkov participated in an extraordinary meeting of the #BRICS Sherpas/Sous-Sherpas in Durban, #SouthAfrica.""A thorough exchange of views on development & enhancement of the strategic partnership within the association, including taking into account priorities outlined by the South African chairmanship, took place. A common intent to increase international role of #BRICS was expressed," it was also added.The discussions also encompassed topical issues of preparations for the upcoming 15th BRICS Summit, which is scheduled to take place in Johannesburg on August 22-24, 2023.Meanwhile, in Russia's Kemerovo, the names of the ...

Top headlines: TCS takes serious view of ethics breach, BRICS expansion

Business Standard brings you the top headlines at this hour

BRICS countries likely to induct five new members in August summit

The 15th BRICS Summit is scheduled for August 22-24 under the theme "BRICS and Africa: Partnership for Mutually Accelerated Growth, Sustainable Development and Inclusive Multilateralism"

Amid economic crisis, Pakistan expresses interest in joining BRICS: Report

Amid a deepening economic crisis and stalled talks with International Monetary Fund to get loans, Pakistan has expressed its interest in joining the BRICS, Pakistan Today reported

China offers South Africa help to bolster security for BRICS summit

China on Friday said it is ready to work with South Africa to bolster the security for the BRICS summit in August in light of the arrest warrant issued by the International Criminal Court against Russian President Vladimir Putin. BRICS is an international grouping comprising China, India, Russia, Brazil and South Africa. The 15th BRICS summit is set to take place in Johannesburg in August this year. The possible attendance of Putin who is the subject of a war crimes arrest warrant by the International Criminal Court (ICC) has put South Africa's handling of the warrant and summit security under the spotlight. The ICC issued a warrant on Putin in March, accusing him of the unlawful deportation of children and transfer of people from the territory of Ukraine to the Russian Federation. As a signatory to the ICC, South Africa will be obliged to execute the warrant if Putin visits the country for the BRICS Summit. On Thursday, the South African Police Minister Bheki Cele who is on a

India not a security threat, unlikely to catch up in defence sector: China

According to a PLA delegation at Shangri-La Dialogues, Beijing believed that India would not be a 'loyal partner' of the American Indo-Pacific Strategy because of its independent diplomatic policy

BRICS no longer an alternative but an 'established feature': Jaishankar

The BRICS grouping is not only an expression of multipolarity but of the many ways of meeting international challenges, External Affairs Minister S Jaishankar said on Friday, asserting that the five-nation bloc is an "established feature" of the global landscape. Addressing the Friends of BRICS Foreign Ministers' meeting here, he said the message of reform that BRICS embodies must permeate the world of multilateralism. "BRICS is no longer an alternative', it is an established feature of the global landscape," he tweeted. He said the five-nation grouping comprising Brazil, Russia, India, China and South Africa is not only an expression of multipolarity but of the many and diverse ways of meeting international challenges. "Its focus is on building a fairer, inclusive and open international architecture with sustainable development at its core. "Creating resilient and reliable supply chains is central to ensuring that no one is left behind," he tweeted. Jaishankar said the 'Friends

BRICS pitches for using local currencies in international transactions

The BRICS nations on Friday underlined the need for using local currencies in international trade and financial transactions besides committing themselves to supporting rule-based open and transparent global trade. A joint statement issued at the end of the meeting of the BRICS Ministers of Foreign Affairs and International Relations, also pressed for a robust Global Financial Safety Net with a quota-based and adequately resourced International Monetary Fund (IMF) at its centre. It further said the process of IMF governance reform under the 16th General Review of Quotas, including a new quota formula as a guide, should be completed by December 15, 2023. The joint statement titled 'The Cape of Good Hope', said ministers expressed their support for a free, open, transparent, inclusive, equitable, non-discriminatory and rules-based multilateral trading system with the World Trade Organization (WTO) at its core, with special and differential treatment (S&DT) for developing countries, .

BRICS members vow to combat terrorism financing, terror safe havens

The five-nation BRICS grouping on Friday vowed to combat terrorism in all its forms and manifestations, including the cross-border movement of terrorists, and terror financing networks and safe havens, a veiled reference to Pakistan. In a joint statement titled The Cape of Good Hope', the Foreign Ministers of BRICS comprising Brazil, Russia, India, China and South Africa expressed strong condemnation of terrorism "whenever, wherever and by whomsoever committed". "They (ministers) are committed to combating terrorism in all its forms and manifestations, including the cross-border movement of terrorists, and terrorism financing networks and safe havens, the joint statement said. While the joint statement did not name any country, India in the past has described Pakistan as the "epicentre of terrorism" where terrorists like Hafiz Saeed, Masood Azhar, Sajid Mir and Dawood Ibrahim are sheltered. Recognising the threat emanating from terrorism, extremism conducive to terrorism and ...

Terrorism among key threats to int'l peace, security: EAM at BRICS meet

External Affairs Minister S Jaishankar on Thursday described terrorism as among the key threats to international peace and security and said all nations must take resolute measures against this menace, including its financing and propaganda. In his opening remarks at BRICS Foreign Ministers' Meeting, Jaishankar also said that terrorism must be combated in all its forms and manifestations, and never be condoned under any circumstances. The five-nation grouping BRICS (Brazil-Russia-India-China-South Africa) brings together five of the largest developing countries of the world, representing 41 per cent of the global population, 24 per cent of the global GDP and 16 per cent of the global trade.

Russian minister set for BRICS meet in Africa with war in Ukraine on agenda

Russian Foreign Minister Sergey Lavrov was meeting in South Africa with counterparts from the BRICS economic bloc of developing nations for discussions Thursday that will start with an exchange of views on major geopolitical issues, including the war in Ukraine, South Africa's ambassador to the bloc said. Most of the BRICS countries differ sharply from the position of the US and its Western allies on the war. Speaking ahead of the meeting, the South African ambassador, Anil Sooklal, referred to the West's military aid to Ukraine as one of the things that fuels the conflict. Any endeavour that fuels the conflict does not solve the problem," Sooklal said when asked for his reaction to Western attempts to transfer weapons to Ukraine. We do not know of any global conflict that has been solved though war, he said. All it does is cause more pain and suffering and, as BRICS countries, this is what we are saying: Let's focus on finding a peaceful resolution to the challenges, rather than ..

Diseases know no borders, Covid underlined need for joint effort: Mandaviya

Mandaviya, in his address, highlighted the importance of collaborative research in mitigating and responding effectively to global health crises