Page 3 - Brics

PM Modi meets Cuban President, discusses pharma, UPI at Brics Summit

Prime Minister Narendra Modi and Cuban President Miguel Diaz-Canel Bermudez on Sunday discussed ways to bolster bilateral ties across key sectors such as pharmaceuticals, biotechnology, traditional medicine and digital public infrastructure during a meeting on the sidelines of the 17th BRICS Summit. According to an official statement by the Ministry of External Affairs (MEA), both leaders also exchanged views on enhancing cooperation in areas including Ayurveda, Unified Payment Interface (UPI), disaster management, and capacity building. The two leaders agreed to work on issues of concern to the global South, including in the areas of health, pandemics and climate change. They appreciated the cooperation between the two countries in the multilateral arena, the statement added. "PM Narendra Modi met with President Miguel Diaz-Canel Bermudez of Cuba on the sidelines of the 17th BRICS Summit in Rio de Janeiro, Brazil," MEA spokesperson Randhir Jaiswal said in a post on X. He posted, .

Decade-old Brics ambition to push local currency remains a pipe dream

Despite the group's aspirations, progress has been slow - and the tide of global trade is shifting so quickly that it may be impossible to catch up

We welcome India's candidacy to host COP 33 in 2028: Brics declaration

In a joint declaration at the 17th Brics Summit on Sunday, they also expressed their commitment to remain united in the pursuit of the purpose and goals of the Paris Agreement

PM Modi, Malaysian counterpart review ties at Brics Summit sidelines

Prime Minister Narendra Modi on Sunday met his Malaysian counterpart Anwar bin Ibrahim on the sidelines of the 17th BRICS Summit here and discussed ways to strengthen bilateral ties along with regional security. The two leaders reviewed the progress in India-Malaysia relations since Prime Minister Ibrahim's state visit to India in August 2024, with particular focus on trade and investment, defence, education, healthcare, tourism and people-to-people exchanges, the Ministry of External Affairs said in a statement. Modi thanked Ibrahim for his strong condemnation of the recent Pahalgam terror attack and appreciated Malaysia's support on issues of mutual concern. The two also exchanged views on cooperation in the multilateral arena and regional security. Prime Minister Narendra Modi congratulated Malaysia on its successful chairmanship of Association of Southeast Asian Nations (ASEAN). He welcomed its continued support for the ASEAN-India Comprehensive Strategic Partnership, includin

Brics condemns Pahalgam attack; calls out double standards against terror

The BRICS grouping on Sunday condemned the Pahalgam terror attack in the strongest terms and echoed India's position to pursue a "zero tolerance" approach towards terrorism and called for shunning double standards in countering the menace. The top leaders of BRICS nations articulated their firm resolve to combat terrorism, including cross-border movement of terrorists and terror financing, on the first day of the grouping's two-day summit in this seaside Brazilian city. In an apparent reference to Washington's reciprocal tariffs, the leaders also criticised the "indiscriminate rising of tariffs", holding that such measures threaten to undermine global trade. The BRICS leaders unveiled the "Rio de Janeiro Declaration" that featured the bloc's position on a number of pressing global challenges, including terrorism, the situation in West Asia, trade and tariff, and reform of global institutions such as the UN Security Council and the Bretton Woods Institutions. "We condemn in the ...

Global South is victim of 'double standards': PM Modi at Brics Summit

The BRICS remains a powerful force for economic cooperation and global good, Prime Minister Narendra Modi said on Sunday as several top leaders of the member nations of the grouping converged in this seaside Brazilian city to hold summit talks. Chinese President Xi Jinping and his Russian counterpart Vladimir Putin skipped the summit, being hosted by Brazil in its capacity as the current chair of the influential grouping. The BRICS has emerged as an influential grouping as it brings together 11 major emerging economies of the world, representing around 49.5 per cent of the global population, around 40 per cent of the global GDP and around 26 per cent of the global trade. BRICS, originally comprising Brazil, Russia, India, China, and South Africa, expanded in 2024 to include Egypt, Ethiopia, Iran, and the United Arab Emirates, with Indonesia joining in 2025. Modi arrived here last night on the fourth leg of his five-nation tour. He has already visited Ghana, Trinidad and Tobago and

Brazil set to host Brics Summit, eager to avoid provoking Trump's ire

Brazil will play host to a summit of the BRICS bloc of developing economies Sunday and Monday during which pressing topics like Israel's attack on Iran, the humanitarian crisis in Gaza and trade tariffs imposed by US President Donald Trump are expected to be handled with caution. Analysts and diplomats said the lack of cohesion in an enlarged BRICS, which doubled in size last year, may affect its ability to become another pole in world affairs. They also see the summit's moderate agenda as an attempt by member countries to stay off Trump's radar. Brazilian President Luiz Inacio Lula da Silva will have some of his priorities, such as debates on artificial intelligence and climate change, front and center for the talks with key leaders not in attendance. China's President Xi Jinping won't attend a BRICS summit for the first time since he became his country's leader in 2012. Russian President Vladimir Putin, who will make an appearance via videoconference, continues to mostly avoid ...

PM Modi arrives in Brazil on four-day visit to attend Brics Summit

During the 17th Brics Leaders' Summit (July 6-7), Prime Minister Modi will exchange views on key global issues, including peace and security, strengthening multilateralism, responsible use of AI

UAE highlights scope for deeper trade, investment ties within Brics bloc

During the Forum, Al Zeyoudi highlighted the UAE's strong relationships with Brics nations and the community's role in driving innovation and accelerating trade

Brics finance ministers make unified proposal for voting reform at IMF

The joint statement by the group's finance ministers marks the first time the Brics countries have agreed on a unified position on the proposed reforms

Brics set to condemn Trump's 'coercive' tariffs, Mideast, climate issues

Brics leaders are discussing a call for full Israeli withdrawal from Gaza and voicing opposition to any forced displacement of Palestinians from their territory

From Ghana to Brazil: Modi's 8-day tour targets minerals, Brics, diplomacy

PM Modi visits Ghana, Trinidad & Tobago, Argentina, Brazil and Namibia to deepen South-South ties, secure critical minerals and attend the Brics summit in Rio

PM Modi emphasises India's commitment to BRICS, begins 5-nation visit

Prime Minister Narendra Modi on Wednesday said India is committed to BRICS as a vital platform for cooperation among emerging economies as he left on a week-long visit to five countries, including Brazil where he will attend the bloc's meeting. "Together, we strive for a more peaceful, equitable, just, democratic and balanced multipolar world order," he said in his departure statement. During the week-long travel, the PM will visit Ghana, Trinidad and Tobago, Argentina, Brazil and Namibia. Ghana will be his first port of call. Modi said that at the invitation of President John Dramani Mahama, he will be there on July 2 and 3. Ghana is a valued partner in the Global South and plays an important role in the African Union and the Economic Community of West African States, he said, adding that he looked forward to talks aimed at further deepening the two countries' historical ties and opening up new windows of cooperation, including in the areas of investment, energy, health, security,

'Frequent flier PM' off on 5-nation jaunt: Cong takes a jab at Modi

Taking a swipe at Prime Minister Narendra Modi ahead of his visit abroad, the Congress on Tuesday said the "frequent flier PM" is off on a 5-nation "jaunt" and alleged that he is running away from four issues, including the Manipur situation and US President Donald Trump's claims about bringing about a ceasefire between India and Pakistan. Congress general secretary in-charge communications Jairam Ramesh also alleged that the prime minister is running away from the "revelations by defence officials that India suffered reverses in the first two days of Operation Sindoor because of the PM's decisions". Prime Minister Modi will embark on a five-nation tour beginning July 2 to participate in the BRICS Summit in Brazil and expand India's ties with several key nations of the Global South. "When the going gets tough, the self-styled toughs get going. The Super Premium Frequent Flier PM is off on a 5-nation, 8-day jaunt," Ramesh said in a post on X. He is running away from at least four ..

Brics summit may focus on greater use of national currencies for trade

The July 6-7 Brics summit in Brazil will take up trade settlement in national currencies, denounce terror and address issues like AI, climate finance and disease control

Brics to take up rare earth export curb issue at leaders summit in July

China controls around 70 per cent of global rare earth elements (REE) mining output and accounts for about 90 per cent of the world's processing and refining of rare earth elements

PM Modi to visit five nations from July 2, attend Brics Summit in Brazil

During the visit, PM Modi is expected to address the parliaments of Trinidad and Tobago and Namibia

After 5-year hiatus, first batch of pilgrims arrives at Manasarovar lake

The first batch of Indian pilgrims visiting Tibet to pray at Mount Kailash and Manasarovar Lake, believed to be the abode of Lord Shiva, arrived at the holy place on Thursday, according to Chinese officials. "Pleased to know that the first batch of pilgrims has arrived at Lake Mapam Yun Tso (Manasarovar) in Xizang (Tibet) Autonomous Region, China, Chinese Ambassador to India Xu Feihong posted on X. The journey of 36 pilgrims to Mt. Kailash and Manasarovar Lake assumed significance as they were the first group of Indian pilgrims to visit the holy place after a five-year hiatus. The relations between the two countries were frozen for over four years following the Eastern Ladakh standoff. The two countries agreed to resume ties after a meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping on the sidelines of the BRICS summit in Kazan, Russia, last year. The resumption of the Kailash and Manasarovar Yatra is stated to be the first step initiated by the two ...

President Putin won't travel to Brazil for Brics Summit: Kremlin aide

Russian President Vladimir Putin will not travel to Brazil for the BRICS Summit scheduled for early next month, a Kremlin aide said on Wednesday. Brazil, as the current rotating chair of BRICS, is hosting its regular 17th summit in Rio de Janeiro on July 6-7. "Russian Foreign Minister Sergey Lavrov will represent Russia at the upcoming BRICS summit in Brazil, while Russian President Vladimir Putin will attend the event via video link," Kremlin Foreign policy aide Yuri Ushakov announced on Wednesday. President Putin will take part in key events at the summit via video link, he said. "The president will attend via video link, but the foreign minister will work at the venue, Ushakov added. The BRICS comprises Brazil, Russia, India, China and South Africa. The bloc has been expanded with five additional members Egypt, Ethiopia, Iran, Saudi Arabia and the UAE. In 2023, President Putin skipped the BRICS Summit in Johannesburg, South Africa, due to an arrest warrant issued against him b

Datanomics: Despite gains, Brics still lags behind G7 in per capita terms

Average Brics per capita income stood at $2,087 in 2000, which is projected to rise to $9,437 by 2025. In contrast, G7's average may rise from $27,855 to $53,623