BRICS summit yielded tangible fruits: Chinese Foreign Minister

Last Updated: Sunday, March 31, 2013, 16:18

"The summit has yielded tangible fruits which were included in the Durban Declaration and its Action Plan," he said, adding that it also resulted signing of a number of cooperation agreements.

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.

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.

Manmohan Singh hails BRICS' decision to launch development bank

Last Updated: Thursday, March 28, 2013, 23:58

Hailing the BRICS summit's decision to launch a development bank and a Contingency Reserve Arrangement (CRA), Prime Minister Manmohan Singh Thursday said India's initiatives in these projects made a significant progress.

Manmohan leaves Durban after BRICS Summit

Last Updated: Thursday, March 28, 2013, 14:11

Indian Prime Minister Manmohan Singh on Thursday flew out of Durban after attending the two-day BRICS summit, where he also interacted with Chinese President Xi Jinping.

BRICS must meet challenges of persisting weaknesses in global economy: PM

Last Updated: Thursday, March 28, 2013, 11:34

PM said BRICS should also directly support the process of development and change now underway in Africa.

India joined BRICS to forge economic cooperation: Sharma

Last Updated: Thursday, March 28, 2013, 10:11

India on Wednesday said it did not join the BRICS group to oppose others but to advocate closer cooperation among every nation to rebalance the global economy and distribution of political power.

World needs common development of China, India: Xi

Last Updated: Thursday, March 28, 2013, 08:55

Chinese President Xi Jinping said both China and India should strive for a fair, rational solution framework over the border issue.

BRICS has weak stand on India's Security Council aspirations

Last Updated: Wednesday, March 27, 2013, 23:58

BRICS leaders Wednesday reiterated their commitment to the United Nations (UN) as the foremost multilateral forum, but China and Russia, the two permanent members of its Security Council, had a somewhat weak stand on the induction of India, Brazil and South Africa into the prized club.

BRICS concerned about threat of military action against Iran

Last Updated: Wednesday, March 27, 2013, 23:56

Amidst US and Israeli warnings that they will not tolerate a nuclear-armed Iran, BRICS leaders Wednesday voiced their concern at the threat of military action against the Islamic Republic.

Need reforms in international financial institutions: BRICS

Last Updated: Wednesday, March 27, 2013, 23:24

Deciding to establish a new Development Bank for financing infrastructure needs in emerging economies, the BRICS summit today called for reform of the international financial institutions to make them more representative and to reflect the growing weight of the five-member grouping and other developing countries.