BRICS development bank favoured to boost trade

Last Updated: Wednesday, December 5, 2012, 19:20

With 40 percent of the world market driven by emerging economies in the BRICS nations, including India, there is need for financial cooperation in the five-nation bloc and setting up of a common development bank, experts said Wednesday.

BRICS pledges $75 billion contribution to IMF's bailout fund

Last Updated: Tuesday, June 19, 2012, 12:12

India and four other countries of the five-nation BRICS bloc on Tuesday gave a big boost to IMF's USD 430 billion bailout fund for the debt-wracked 17 nation Eurozone pledging to contribute USD 75 billion with New Delhi's contribution being USD 10 billion.

BRICS nations explore options to protect currencies

Last Updated: Tuesday, June 19, 2012, 09:38

India, Brazil, Russia, China and South Africa Monday explored mechanisms, such as swap arrangement and a reserve fund. to protect their currencies against external risks.

BRICS meet successful in advancing cooperation: Chinese media

Last Updated: Friday, March 30, 2012, 14:59

Calling the Delhi BRICS summit a success, the Chinese media and think tanks on Friday said it was "not a wasted opportunity" as the five emerging economies demonstrated collective confidence by striking a "clear-cut" stand on global and regional issues.

BRICS flexes its muscles

Last Updated: Friday, March 30, 2012, 10:18

The 2012 BRICS summit held in Delhi saw the five nations take Western monetary policies head on by proposing a South-South development bank. Simultaneously, the nations ask for more voting rights at the IMF.

BRICS flexes its muscles

Last Updated: Friday, March 30, 2012, 10:18

The 2012 BRICS summit held in Delhi saw the five nations take Western monetary policies head on by proposing a South-South development bank. Simultaneously, the nations ask for more voting rights at the IMF.

No differences with BRICS on Iranian oil import: US

Last Updated: Friday, March 30, 2012, 09:38

The efforts of BRICS nations to engage in global multilateral institutions will help in strengthening the "international system", the US has said.

BRICS can collectively make a difference: Vyas

Last Updated: Monday, March 5, 2012, 21:48

Ahead of the BRICS summit, India on Monday said the grouping of fastest-growing emerging economies can collectively make a difference to the way the world functions.