China has rejected India's resolution at the UN to designate Azhar as an international terrorist
The bank also plans to raise $300 million to $500 million in rupee-denominated bonds
This is nearly double the amount the bank loaned last year
The BRICS now represents two thirds of the developing world's economy
The proposed rating agency is bound to face a number of major challenges
China hopes cooperation among BRICS grouping will move forward to a new level during its 9th summit
Project has one of the largest installed capacities among projects with similar design in China
There are indications that Brazil will return to a foreign policy more aligned with US interests
BRICS countries are not yet in the top 20 countries in Global innovation index, says Telecom Manoj Sinha
Another impeding factor is the divergent political and economic pursuits among BRICS states
Interview of chairman of Brazilian chapter of BRICS Business Council and chief executive officer of Marcopolo, Jose Rubens De La Rosa
India and Brazil finalised the text of a bilateral investment agreement, and inked pacts to deepen cooperation
Grouping risks relevance as it fails to conclude significant pacts
India and Brazil signed four MoUs for enhanced co-operation in various fields including investment and agriculture
Leaders of the five economies agree to work on credit rating agency, trade in local currency and cooperation on tax evasion
According to media reports over the weekend, China had raised certain concerns about the proposal
The leaders of BRICS called for approaches to bridge the financing gap in infrastructure through enhanced involvement of Multilateral Development Banks
The five-nation group agreed to set up an independent rating agency based on market-oriented principles
PM Modi said that the leaders were unanimous in recognising the threat that terror and radicalisation present to regional and global peace
India will strongly pitch for intensified efforts to tackle terrorism including action against countries providing safe havens to terrorists