Russia President Vladamir Putin woos China before BRICS summit

Last Updated: Thursday, July 9, 2015, 00:44

Russian President Vladimir Putin and his government courted Beijing on Wednesday before a BRICS summit, playing down a stock market plunge in China and proposing better terms for investors from Beijing.

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.

India to contribute $18 bn to BRICS forex reserves pool

Last Updated: Wednesday, July 8, 2015, 16:16

India will contribute USD 18 billion to the USD 100 billion foreign-exchange reserves pool that is being set up by five nations of the BRICS grouping to help each other "in case of any problems with dollar liquidity".

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.

Arun Jaitley to attend inaugural meet of BRICS bank at Moscow

Last Updated: Monday, July 6, 2015, 08:35

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.

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.