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.
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.
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.
Last Updated: Sunday, March 24, 2013, 14:03
The highlight of the Summit of the emerging economies of Brazil, Russia, India, China and South Africa (BRICS) is the possible setting up of the BRICS bank. But there is no no clarity on its corpus.
Last Updated: Friday, March 22, 2013, 21:32
Understanding the BRICS group of emerging economies will allow controlling its contours as also help it expand to other countries, India's External Affairs Minister said Friday.
Last Updated: Wednesday, March 20, 2013, 20:30
The summit of BRICS nations, namely Brazil, Russia, India, China and South Africa, is scheduled from March 26-27 in the South African city.
Last Updated: Tuesday, March 19, 2013, 18:10
The summit which will also be attended by Prime Minister Manmohan Singh among others will be held in Durban on March 26 and 27.
Last Updated: Friday, March 15, 2013, 15:07
Reflecting the growing might of emerging markets, a UN report Friday said that the combined output of BRIC countries including India will surpass the aggregate GDP of US, Canada and other European nation by 2020.
Last Updated: Friday, March 8, 2013, 21:26
The Brics group of emerging nations is likely to offer to countries such as the U.S. and the U.K. a stake of up to 45 percent in a development bank they are planning to set up.
Last Updated: Thursday, February 21, 2013, 18:38
BRICS will also deliberate on the possibility of a common currency, primarily for trade purposes.
Last Updated: Monday, January 14, 2013, 11:41
Retail inflation rises to 10.56 percent in December 2012 from 9.90 percent in November.
Last Updated: Thursday, January 10, 2013, 21:04
BRICS countries Thursday discussed thematic areas of joint cooperation to tackle common health issues before finalising a joint action plan.
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