Page 2 - Brics

Brics must defend multilateral trading amid tariff volatility: Jaishankar

External Affairs Minister S Jaishankar has called on BRICS to defend the multilateral trading system amid increasing protectionism and tariff volatility during a meeting of the bloc's foreign ministers here on the sidelines of the UN General Assembly session. When multilateralism is under stress, BRICS has stood firm as a strong voice of reason and constructive change, Jaishankar said in a social media post. In a turbulent world, BRICS must reinforce the message of peacebuilding, dialogue, diplomacy and adherence to international law, he said. As rising protectionism, tariff volatility and non-tariff barriers impact trade flows, BRICS must defend the multilateral trading system, he said. Jaishankar's remarks come weeks after the US slapped 50 per cent tariffs on India, including an additional 25 per cent penalty for its purchase of Russian oil, among the highest in the world. The external affairs minister also called on the bloc to amplify its collective call for a comprehensive .

New Development Bank plans first rupee-denominated bond by March-end

NDB, which has previously raised funds in Chinese yuan and South African rand, is in advanced stages of discussions with the Indian central bank for its debut rupee issuance, the sources said

'Like vampires sucking our blood dry': Peter Navarro slams Brics alliance

Navarro rakes up examples where he tries to say that Brics cannot survive without selling to the US, adding that historically, all the member nations hate each other and want to kill each other

Peter Navarro mounts fresh attack amid India-US rapprochement hopes

With Jaishankar representing India at Brics Summit, New Delhi seeks balance in relations with both partners and the US as adviser Navarro renews criticism over Russian oil imports

Brics leaders to hold virtual meet to discuss Trump's trade tariffs

The US has set different tariffs for different BRICS nations, however, making it difficult for them to agree on a joint statement, according to the Brazilian officials

Russia, China oppose discriminatory sanctions against Brics nations: Putin

Russia and China have taken a common stand against "discriminatory sanctions" that hinder the socioeconomic development of BRICS member countries, Russian President Vladimir Putin has said. Putin, who arrived here to attend the Shanghai Cooperation (SCO) summit, made the remarks in an interview with China's state-run Xinhua news agency. He said that Russia and China are paying special attention to mobilising additional resources for critical infrastructure projects, and stand united in strengthening BRICS' ability to address pressing global challenges. The Russian president said that Moscow and Beijing take a "common stand against discriminatory sanctions that hinder the socioeconomic development" of BRICS members and the world at large. Putin's remarks came in the backdrop of US President Donald Trump threatening the member countries of BRICS with 10 per cent tariffs. BRICS is an intergovernmental organisation comprising Brazil, Russia, India, China and South Africa. Saudi Arabia

PM Modi invites Xi Jinping to Brics 2026 summit hosted by India

The two leaders met on the sidelines of the Summit of the leaders of the Shanghai Cooperation Organisation (SCO) in Tianjin today

New Development Bank appoints RBI's Rajiv Ranjan as vice president

NDB, the BRICS multilateral bank, named RBI executive director Rajiv Ranjan vice president and chief risk officer for five years; he will assume charge in September

De-dollarisation is not part of India's financial agenda, says MEA

The remarks came in response to Brazilian President Luiz Inacio Lula da Silva's recent comments that BRICS members could "discuss" creating a trade currency among themselves

Best of BS Opinion: India must make rational choices on Trump tariffs

Our editorials and opinion pieces today look at the impact of Trump's tariffs and how India should calibrate its responses, as well as the social and economic impact of AI replacing IT jobs

Supported by Brics, like-minded allies: Russia amid Trump's tariff threats

Russia's Foreign Ministry spokeswoman Maria Zakharova accused the US of being unable to accept the erosion of its dominance in an emerging multipolar international order

India seeks to avoid Trump's Brics wrath as it pursues US trade deal

With New Delhi set to assume the Brics chairmanship in 2026, India needs to differentiate itself from members like China and Russia, who are seeking to build the bloc as an opposition voice to the US

BRICS set up to 'hurt us', 'degenerate' US dollar: Trump | Trump tariffs | Trade war | India | China

President Donald Trump on Tuesday claimed that BRICS was established to “hurt" the US and "degenerate" the dollar as he warned that the member countries of the bloc would face a 10 per cent tariff.

India looking at importing uranium from Namibia: Envoy ahead of PM's visit

PM Modi is on a five-nation visit which began on Wednesday in Ghana. From Ghana, PM Modi travelled to Trinidad and Tobago, and then he headed to Argentina and Brazil

Brics isn't anti-American, but Donald Trump's threats could make it so

At the Brics meeting this week in Brazil, leaders jointly condemned the 'indiscriminate rising of tariffs,' in a swipe at President Donald Trump's trade policy

PM Modi awarded Brazil's highest civilian honour by President Lula

President Lula conferred Brazil's highest civilian honour, the 'Grand Collar of the National Order of the Southern Cross', on PM Narendra Modi

Trump says Brics aims to hurt us, threatens 10% tariff on member nations

President Donald Trump on Tuesday claimed that BRICS was established to hurt" the US and "degenerate" the dollar as he warned that the member countries of the bloc would face a 10 per cent tariff. Trump made the remarks while talking to reporters at the sixth Cabinet meeting at the White House. They have to pay 10 per cent if they are in BRICS, he said. Trump said BRICS was set up to hurt us" and "degenerate our dollar and take the dollar off as the standard. And that's okay if they want to play that game, but I can play that game too. So anybody that's in BRICS is getting a 10% charge, he said, adding that this will be happening pretty soon. Well, if they're a member of BRICS, they're gonna have to pay a 10% tariff. Just for that one thing, Trump said. Trump claimed that BRICS "largely broke up" but there are a couple that hang around". BRICS is not, in my opinion, a serious threat. But what they're trying to do is destroy the dollar so that another country can take over and be

India and Brazil set to sign key agreements to boost bilateral trade

India's trade with Brazil is the largest compared to its trade with any other country in Latin America. However, it is far below Brazil's trade with China, the US, Argentina, and Germany

Trump believes Brics seeking to 'undermine' US interests: White House

While addressing a press briefing on Monday, Press Secretary Karoline Leavitt stated that Trump will take any necessary action to prevent nations from taking 'advantage of the US' and its people

PM Modi arrives in Brasilia for State visit after attending Brics Summit

During his visit, PM Modi will hold talks with President Lula to boost the Strategic Partnership in trade, defence, energy, tech, agriculture, health, and people-to-people ties