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BRICS Employment Working Group to meet on July 27-28

BRICS Employment Working Group to meet on July 27-28

The BRICS Employment Working Group's first two-day meet will begin on July 27 in Hyderabad with focus on shaping the agenda for labour and employment in these emerging economies.

Brazil's political crisis will test BRICS capability: China

Brazil's political crisis will test BRICS capability: China

Beijing: Brazil's interim President Michel Temer's major policy shift has posed a test to the capability of BRICS as the new government has relegated cooperation with the five-nation bloc to "secondary place", Chinese state media said today.

BRICS bank to issue first yuan-denominated bonds

BRICS bank to issue first yuan-denominated bonds

Beijing: The New Development Bank of the BRICS countries is set to issue its first yuan-denominated bonds with plans to release more bonds in local currencies including in Indian Rupee, a top official of the bank has said.

BRICS bank a 'worthwhile venture': Rajan

Describing the New Development Bank (NDB) set up by the BRICS countries as a "worthwhile venture", RBI Governor Raghuram Rajan today said the multi-lateral bank has gotten off to a good start raising hopes of energising the investment and financing of infrastructure projects.

BRICS bank signs pact to place headquarters in Shanghai

BRICS bank signs pact to place headquarters in Shanghai

The New Development Bank (NDB) set up by the BRICS countries on Saturday signed an agreement with China to place its Headquarters here, according legal status to the multi-lateral bank headed by eminent Indian banker K V Kamath.

India slips to 89th rank on global talent competitiveness

India slips to 89th rank on global talent competitiveness

Reflecting an acute shortage of skilled labour force and difficult business conditions, India has slipped 11 places to rank 89th on a global index of talent competitiveness, a list which has been topped by Switzerland.

 

India laggard among BRIC nations in online shopping

India may be ahead of countries like Brazil and Russia with a higher Internet population but lags behind when it comes to online shoppers and transaction sizes, a report by EY said Wednesday.

China lashes out at western attempts to demonise BRICS nations

China on Wednesday criticised western attempts to "demonise" the BRICS countries which were pushing forward structural reforms to promote global growth and reduce dependence on external markets.

'BRICS bank's bonds must have liquidity for realisation'

Former RBI Governor C Rangarajan on Wednesday said the bonds to be floated by the New Development Bank promoted by the BRICS countries should have liquidity to ensure their easy realisation.

BRICS should take lead in preserving cyber space as a global common good: Modi

Pitching for `zero tolerance" against terrorism, Prime Minister Narendra Modi today told leaders of five-nation grouping BRICS that the "choices" they make now will shape the future of the world at large.

Govt to overhaul health system

The government is working to overhaul the health system with an aim to advance the universal health coverage and focus on social indicators of health care.

BRICS to set up their bank within five years, progress slow: Russia

The BRICS bloc of emerging economies will set up its development bank with a total capital of USD 100 billion within five years, but member countries still haven`t agreed on their share in the bank`s structure, a senior Russian official said on Tuesday.

BRICS states to form teams to work on their bank

Finance ministers of the BRICS countries have agreed to set up delegations that would work out the main principles for the establishment of a development bank by this fall, Russian Deputy Finance Minister Sergei Storchak said.

'BRICS Bank can supplement infra funds provided by World Bank'

The World Bank President said during his visit to BRICS countries he did not experience even slightly a diminishing of demand for its services.

BRICS nations launch business council

BRICS countries on Wednesday morning have launched the BRICS Business Council, the key institution expected to drive private sector investments among the five member countries.

South Africa wants BRICS bank based there

President Jacob Zuma had already made a pitch for this during the BRICS Summit in India in March 2012, and according to informed sources, he will be making a strong plea again during this year’s summit.

WHO lauds India for regulatory authority for vaccines

WHO has congratulated India on getting UN body`s nod for its national regulatory authority for vaccines while praising the role played by it and other BRICS nations in lowering of medicine prices and ensuring universal healthcare.

BRICS countries seeking more say in global governance

The world's biggest five emerging economies including India are jockeying for more say in global governance as their leaders met ahead of the G-20 Summit to strengthen their calls for a new model in this regard.

BRICS seek merit-based selection process for World Bank chief

Leaders of India and four other BRICS nations on Thursday welcomed the candidatures from emerging economies for the World Bank chief's post and emphasised on the need for a merit-based selection process.

BRICS not "obliged" to follow US sanctions on Iran

The issue came up for discussion at the meeting of Brazil, Russia, India, China and South Africa (BRICS) trade ministers, a day ahead of the BRICS summit here.