Full Coverage - BRICS Summit
Derivatives contracts on foreign stock indices shall be denominated, traded and settled in Indian Rupees.
Friday , 30 March '12On the development bank, the leaders directed their finance ministers to “set up a joint working group for further study, and report back to us by the next summit”.
Friday , 30 March '12Goldman Sachs put India at No 3 in 2050, a new report puts India as No 1—hence the govt’s complacence.
Friday , 30 March '12A plan to form a joint development bank by the BRICS group of the world’s most powerful emerging economies will have a hard time getting off the ground and could struggle to match the World Bank’s expertise, World Bank President Robert Zoellick said
Friday , 30 March '12PM Manmohan Singh said on Thursday, “We had an in-depth discussion on the situation in West Asia. We agreed that a lasting solution to the problems in Syria and Iran can only be found through dialogue.”
Friday , 30 March '12Sources said the proposal regarding the CECA between India and the Customs Union of Russia, Kazakhstan and Belarus was discussed between the two sides.
Friday , 30 March '12India also wants to engage with China for accessing the Central Asian countries.
Thursday , 29 March '12Intra-BRICS trade is about $230 billion and has potential of more than doubling to $500 billion by 2015.
Thursday , 29 March '12The emerging market nations also call for transparent process to select next World Bank president.
Thursday , 29 March '12The group is often criticised for being too diverse to be effective.
Thursday , 29 March '12The Delhi Declaration — the outcome document of the BRICS summit — will put forward the “contrarian view” on Syria and Iran that will be against the “drumbeats of war”
Thursday , 29 March '12For India to better leverage this club, it needs to set its own house in order
Thursday , 29 March '12The strong response comes in wake of exemption given by US to Japan and 10 European nations.
Thursday , 29 March '12Joint working group is likely to be announced today; proposed bank will provide funds at lower costs
Wednesday , 28 March '12Developed nations are undermining food security by distorting trade through subsidies.