PM to inaugurate BRICS conference on competition on Thursday

Last Updated: Wednesday, November 20, 2013, 19:54

The two-day conference is being organised by Competition Commission of India (CCI) on behalf of BRICS (Brazil, Russia, India, China, South Africa) countries in the national capital.

BRICS countries weathered global crisis well: India

Last Updated: Thursday, October 31, 2013, 18:47

India said on Thursday said BRICS nations have demonstrated economic resilience by weathering the global financial crisis rather well and are expected to play central role in post-crisis global economy.

India, Russia agree on BRICS economic cooperation strategy

Last Updated: Tuesday, October 22, 2013, 21:56

India has agreed to consider a Russian proposal aimed at developing multilateral economic cooperation within the BRICS grouping.

BRICS can set up mechanism for trade in local currency: Davies

Last Updated: Sunday, October 6, 2013, 12:18

Faced with currency volatility, BRICS, a grouping of major developing economies, including India, can work out a mechanism to settle trade in local currencies, South African Trade Minister Rob Davies has said.

India, China for early conclusion of IMF quota reforms

Last Updated: Saturday, September 28, 2013, 18:18

Facing economic slowdown, India and China have held?dialogue on structural reforms and agreed to intensify cooperation with other BRICS nations to push for reforms in international institutions for implementation of the commitment to implement IMF Quota and Governance Reforms.

BRICS fund to mitigate liquidity strains: Chinese analysts

Last Updated: Friday, September 6, 2013, 18:02

Terming the proposed USD-100 billion currency reserve pool as a "financial firewall" for BRICS nations, Chinese analysts have said it would help mitigate liquidity strains as the US moves to reduce the monetary stimulus.

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.

‘Bleak future for BRICS, China only exception’

Last Updated: Monday, July 29, 2013, 23:16

Indian economist Ruchir Sharma has become a celebrity of sorts here as he predicted that the "era of BRICS is over" and that China is the only nation in the five-member bloc which has better prospects of breaking out of the middle income trap.

BRICS combined GDP will surpass US, western Europe by 2020: UN

Last Updated: Thursday, April 11, 2013, 23:27

The combined output of BRICS countries will surpass the aggregate GDP of the US, Canada and other European nations by 2020, said a UN report.

'BRICS a force but cannot challenge US due to disputes'

Last Updated: Tuesday, April 2, 2013, 16:31

On March 27, BRICS nations had decided to establish a new development bank to finance infrastructure projects.

Following BRICS development bank plan with great interest: IMF

Last Updated: Friday, March 29, 2013, 09:48

The International Monetary Fund has said it is following with "great interest" the recent announcement by leaders of Brazil, Russia, India, China and South Africa (known as BRICS) to establish a development bank.

US hopes synergy between proposed BRICS bank, existing bodies

Last Updated: Friday, March 29, 2013, 09:25

The US has expressed hope that the new multilateral development bank planned by BRICS countries will work closely with existing international financial institutions and follow best of the practices.