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BRICS should explore ways to help end the crisis in Iraq: Modi

Last Updated: Wednesday, July 16, 2014, 11:36

Expressing concern over "grave instability that is fast seeping across borders" in West Asia, Prime Minister Narendra Modi has said that remaining mute spectators to countries being torn up can have grave consequences, and called upon countries of BRICS to explore ways to help end the crisis in Iraq.

BRICS voices disappointment with non-implementation of IMF reforms

Last Updated: Wednesday, July 16, 2014, 07:09

The emerging-market bloc of BRICS Tuesday advocated cooperative approach and peaceful solution to global hot issues.

BRICS voices disappointment with non-implementation of IMF reforms

Last Updated: Wednesday, July 16, 2014, 06:47

The world`s leading emerging economies Tuesday expressed their disappointment with the failure to implement the 2010 International Monetary Fund (IMF) reforms.

BRICS eyes closer partnership

Last Updated: Wednesday, July 16, 2014, 05:50

The emerging-market bloc of BRICS Tuesday vowed to strive for more comprehensive cooperation and forge a closer economic partnership.

Choices BRICS nations make will impact world, says Modi

Last Updated: Wednesday, July 16, 2014, 01:28

Prime Minister Narendra Modi has said the BRICS nations bear a great responsibility as "the choices we make now, will shape the future of not just our countries, but the world at large".

Agreement on BRICS development bank significant step: Modi

Last Updated: Wednesday, July 16, 2014, 01:26

Terming the agreement towards setting up BRICS New Development Bank a significant step, Indian Prime Minister Narendra Modi on Tuesday said an open international trading regime is critical for global economic growth.

BRICS create development bank; first prez from India

Last Updated: Wednesday, July 16, 2014, 00:10

In a major victory for India, the BRICS Summit Tuesday night decided to establish the new development bank with an initial authorised capital of USD 100 billion for which the initial subscribed capital will be equally shared by the founding members.

BRICS: Modi pitches for rule-based, international trading regime

Last Updated: Tuesday, July 15, 2014, 22:48

At the summit, which is likely to establish the new BRICS bank, he said the member countries should ensure these institutions-- New Development Bank, Contingent Reserve Arrangement-- establish a new model.

BRICS members likely to have equal shareholding in new bank

Last Updated: Tuesday, July 15, 2014, 20:04

The BRICS Summit, Prime Minister Narendra Modi's first multilateral engagement, commenced Tuesday amid an understanding that the 5-member nations will have equal shareholding in the proposed USD 50 billion BRICS Development Bank which India had been strongly pressing for.

BRICS to create development bank, `mini-IMF`

Last Updated: Tuesday, July 15, 2014, 15:12

Leaders of the BRICS group of emerging powers meet Tuesday to launch a new development bank and a reserve fund seen as counterweights to Western-led financial institutions.

BRICS nations commit to refrain from protectionist measures

Last Updated: Tuesday, July 15, 2014, 14:04

BRICS nations, including India, on Tuesday expressed commitment to refrain from taking any protectionist measures and improve policy coordination to enhance trade and investment.

BRICS Bank: A new world order among multilateral institutions

Last Updated: Tuesday, July 15, 2014, 10:50

Even though the BRICS Bank is trying to rewrite rules of development, the main lending will only start from 2016.