The BRICS is known as an influential bloc that represents over 3.6 billion people, or half of the world's population. The BRICS countries have a combined GDP of $16.6 trillion.
The Mumbai Metro Rail II Project aims to improve Mumbai’s transport and traffic conditions by providing a modern metro system, featuring high-capacity, safe and comfortable mode of transport, BRICS said.
The meeting adopted a joint statement on cooperation in new industries among BRICS (Brazil, Russia, India, China and South Africa) countries, state-run media reported on Tuesday.
Right from the 1950s, China’s actions have let down India’s trust and efforts to maintain good neighbourly ties
India’s response to other countries’ needs during the COVID-19 pandemic becomes noteworthy when compared to ‘wolf warrior diplomacy’ exhibited by China
Russia said on Wednesday it has decided to postpone the summit of the BRICS nations, initially scheduled to be held in St. Petersburg in July, due to the spread of the coronavirus.
The Shanghai-based New Development Bank (NDB) was established by the BRICS (Brazil, Russia, India, China, South Africa) countries in 2014 and is headed by veteran Indian banker K V Kamath.
The impact of the pandemic on trade and investment among the member nations of the BRICS (Brazil-Russia-India-China-South Africa) was discussed at a video-conference of foreign ministers of the five countries.
Sitharaman mentioned about Prime Minister Narendra Modi's initiative of creating a COVID-19 Emergency Fund and India's efforts in supplying critical medicine to the needy countries to tackle the COVID-19, an official statement said.
This was the sixth time Modi participated in the BRICS summit, his first being at Fortaleza, also in Brazil in 2014
Brazilian President Jair Bolsonaro welcomed Prime Minister Narendra Modi and Presidents of China, Russia and South Africa -- Xi Jinping, Vladimir Putin and Cyril Ramaphosa respectively at the palace, headquarters of the Brazilian Ministry of Foreign Affairs.
During the summit, the five major economies of the world will aim to significantly strengthen their cooperation in science, technology and innovation, he said.
Both India and Germany have been looking for enhanced roles and new responsibilities in an emerging international order. Despite these broader objectives and trade issues, Merkel is likely to focus more on sustainable development, renewable energy, as well as skills and mobility.
The Shanghai-based NDB - floated by Brazil, Russia, India, China and South Africa (BRICS) - is headed by renowned Indian banker K V Kamath.
Addressing a meeting of the BRICS (Brazil, Russia, India, China and South Africa) Foreign Ministers at Rio de Janeiro on Friday, Gen (retd) VK Singh, who is the Minister of State for Road Transport and Highways and was representing India, also said the objective of the powerful grouping should be to develop common approaches to address the issue of terrorism.
India was represented by Minister of State for Road Transport and Highways Gen (retd) V K Singh
Speaking of investment in higher education, the dream of making India a haven of skilled human capital will not materialise unless the government puts its money where its mouth is
A decade later, the call for multilateralism cannot and should not be for reinforcing this status quo but rather to change it, she said.
The Board of Directors of the NDB on Wednesday approved a $350-million loan for the Major District Roads Project II of Madhya Pradesh and $175 million for building and upgrading 350 bridges.
Congress hit out at PM Narendra Modi for not raising the Doklam issue with Chinese President Xi Jinping on the sidelines of the BRICS summit in Johannesburg.
Iran agreed a long-term deal on its nuclear programme with the P5+1 group of world powers - the US, UK, France, China, Russia and Germany in 2015 under which Tehran agreed to limit its sensitive nuclear activities and allow in international inspectors in return for the lifting of crippling economic sanctions.
The Kluchevskoye Gold Mining Project, initiated by India's SUN Gold Ltd, is being seen as the first-ever industrial public-private partnership investment project to be undertaken by partners from all BRICS member-states.
New Delhi should also be aware that a US-China trade spat opens up new possibilities for India, both vis-à-vis Beijing and Washington, and it should not be hesitant to exploit them
If Russia borrows from the New Development Bank, it may trim its borrowing plan at home where it uses so-called OFZ treasury bonds to cover budget deficit.
China will enhance coordination on macroeconomic policies with fellow BRICS members Brazil, Russia, India and South Africa in response to the "challenges posed by the changing policies of certain developed countries," said assistant foreign minister Zhang Jun.