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BRICS group News

New Development Bank

01 Apr 2017

Criteria being worked out for new NDB membership: Kamath

New Development Bank, funded by the BRICS group of nations including India, has approved the terms and conditions for adding new members and will come out with a final criteria for the same, NDB head K V Kamath said on Saturday.

13 Oct 2016

Arun Jaitley warns against growing protectionism of developed economies

Addressing a gathering of finance officials of the BRICS group of emerging nations, Jaitley singled out Britain's vote to leave the European Union, as well as aggressive criticism of trade deals in the US presidential election.

16 Nov 2015

BRICS call on G20 to work harder on economic policy cooperation

Leaders of Brazil, Russia, India, China and South Africa, who met on the sidelines of the G20 summit in the Turkish town of Antalya, said global economic recovery was not yet sustainable.

08 Feb 2015

FinMin floats Cabinet note on BRICS Bank participation

The Finance Ministry has moved the Cabinet seeking approval for India's participation in the BRICS Bank as well as for nominating the first president of the multi-nation development bank.

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