Full Coverage - BRICS Summit

BRICS Summit

BRICS bourses start cross-listing

Derivatives contracts on foreign stock indices shall be denominated, traded and settled in Indian Rupees.


BRICS to set up joint bank, promote trade in local money

Friday , 30 March '12

On 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”.
Steroidal Brics

Friday , 30 March '12

Goldman Sachs put India at No 3 in 2050, a new report puts India as No 1—hence the govt’s complacence.
BRICS interests differ over joint bank: Zoellick

Friday , 30 March '12

A 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
Delhi declaration: Talks only solution to resolve India, Syria issues

Friday , 30 March '12

PM 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.”
India, Russia talk economic pact, Koodankulam

Friday , 30 March '12

Sources said the proposal regarding the CECA between India and the Customs Union of Russia, Kazakhstan and Belarus was discussed between the two sides.
Dilma Rousseff, Dmitry Medvedev, Manmohan Singh, Hu Jintao and  Jacob Zuma at the BRICS summit on Thursday
Trade, border on table at PM-Hu meet

Friday , 30 March '12

India also wants to engage with China for accessing the Central Asian countries.
PM Manmohan Singh with S M Krishna at a session of the 4th BRICS Summit in New Delhi. (PTI)
BRICS nations sign pacts to promote trade in local currency

Thursday , 29 March '12

Intra-BRICS trade is about $230 billion and has potential of more than doubling to $500 billion by 2015.
Dilma Rousseff, Dmitry Medvedev, Manmohan Singh, Hu Jintao and Jacob Zuma at the 4th BRICS Summit in New Delhi...
BRICS nations voice concern over pace of IMF reforms

Thursday , 29 March '12

The emerging market nations also call for transparent process to select next World Bank president.
BRICS nations gird to pressure West over imbalances

Thursday , 29 March '12

The group is often criticised for being too diverse to be effective.
BRICS to take ‘other view’ on Syria, Iran

Thursday , 29 March '12

The 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”
BRICS and mortar

Thursday , 29 March '12

For India to better leverage this club, it needs to set its own house in order
Chinese President Hu Jintao on his arrival in Delhi for the BRICS Summit
BRICS won’t snap ties with Iran despite US sanctions

Thursday , 29 March '12

The strong response comes in wake of exemption given by US to Japan and 10 European nations.
(From left to right) Antonio Patriota Foreign Minister of Brazil; Fernando Pimentel Minister of Development, I...
Development bank tops Brics Summit agenda

Thursday , 29 March '12

Joint working group is likely to be announced today; proposed bank will provide funds at lower costs
Rich nations distort global trade: BRICS

Wednesday , 28 March '12

Developed nations are undermining food security by distorting trade through subsidies.