BRICS bank to consider new memberships within six months

Last Updated: Thursday, July 9, 2015, 00:38

The BRICS New Development Bank will consider membership of new countries within six months, with the most probable new candidates being African states, its first president, India`s K.V. Kamath, said on Wednesday.

NDB to set its own standards; no rivalry with others: Kamath

Last Updated: Wednesday, July 8, 2015, 19:38

Kamath also said that the new bank, set up by India and four other members of the BRICS grouping, will strive to approve its first loan before end of the current fiscal.

BRICS FMs discuss elements of development bank

Last Updated: Wednesday, July 8, 2015, 00:59

On the eve of the BRICS Summit to be attended by Prime Minister Narendra Modi, Finance Ministers of the five member countries met today, focusing their discussions on the contours and other elements of the BRICS Development Bank.

BRICS nations agrees to create $100 billion forex pool

Last Updated: Wednesday, July 8, 2015, 00:47

The 5-nation BRICS group Tuesday signed an agreement to create a USD 100 billion pool of foreign- exchange reserves to help each other "in case of any problems with dollar liquidity", with India chipping in USD 18 billion.

BRICS, SCO summits to yield pragmatic results: Chinese experts

Last Updated: Tuesday, July 7, 2015, 18:44

The BRICS Summit and a meeting of the Shanghai Cooperation Organisation to be held in Russia this week would yield pragmatic results including a new development bank, Chinese experts have said.

'BRICS not 'psychologically ready' to sign free trade zone'

Last Updated: Monday, July 6, 2015, 22:25

BRICS nations are not "psychologically ready" to sign a free trade zone deal but may sign an agreement on more profound economic integration in the next 5 years, a top Russian minister said today ahead of a summit of leaders of Brazil, Russia, India, China and South Africa.

BRICS summit gives Putin a chance to show Russia not isolated

Last Updated: Monday, July 6, 2015, 21:09

The BRICS emerging economies will launch a development bank at a summit this week which President Vladimir Putin hopes will help reduce Western dominance of world financial institutions and show Moscow is not isolated.

FM Jaitley to attend inaugural meet of BRICS bank at Moscow

Last Updated: Sunday, July 5, 2015, 12:17

During the four-day visit, he will also be participating at the functions on the sidelines of the BRICS Summit at Ufa which is being attended by Prime Minister Narendra Modi.

Competitive markets resilient to economic uncertainties: Pilot

Last Updated: Thursday, November 21, 2013, 12:14

The ongoing summit would discuss various issues and challenges in competition enforcement in BRICS countries and take the agenda of cooperation among the BRICS competition authorities forward from the earlier two conferences.

BRICS agree on bank's structure, progress difficult: Russia

Last Updated: Monday, September 2, 2013, 08:55

The establishment of the development bank aimed at providing funds for infrastructure projects has been slow in coming, with prolonged disagreement over funding and management of the institution.