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Meanwhile, India is being viewed as the POTUS' (and the overall West's) "Trojan horse", a weak link in the BRICS group -- and is next president "The world has changed. We don't want an emperor," said Brazilian president Luiz Inacio Lula da Silva -- without taking the US president's name -- in response to Donald Trump's threat to impose an additional 10 per cent tariff on 'anti-American' BRICS countries. India's silence on the topic has been conspicuous, raising questions about its role in BRIC ...Read More >
CHENNAI: India emerged as a key architect of the BRICS agenda -- driving local-currency trade, global governance reform, green investments, and digital regulation. These developments offer strong tailwinds for sectors spanning finance, infrastructure, technology, agriculture, and clean energy. With India set to assume BRICS Chairmanship in 2026, its businesses are well-positioned to capitalise on newfound opportunities. Following are some of the highlights from the Summit as far as such opportu ...Read More >
PURI: Over two million devotees thronged Puri to witness the Suna Besha of the Trinity atop their respective chariots on Sunday. The process for Suna Besha ritual began at 4 pm. Under tight security, the Mekapa servitors retrieved three sets of ornaments from a temporary strong room relocated from the Bahar Ratna Bhandar, and handed those over to the dressers on the chariots, which were placed under a five-tier security cordon. The Trinity was adorned with a stunning array of ornaments, includ ...Read More >
New Delhi: Prime Minister Narendra Modi on Sunday addressed the BRICS Summit plenary session in Brazil, laying out a bold roadmap to reform multilateral systems, build resilient economies, and responsibly harness the power of Artificial Intelligence. The session, themed 'Strengthening Multilateralism, Economic-Financial Affairs, and Artificial Intelligence', brought together leaders from the BRICS bloc amid growing global instability and rising expectations from the Global South. The address co ...Read More >
New Delhi, Jul 6 (PTI) Finance Minister Nirmala Sitharaman held a series of bilateral meetings, including with Russian and Chinese counterparts, and discussed issues of bilateral cooperation and interests. These meetings were held on the sidelines of the BRICS Finance Ministers and Central Bank Governors meeting in Rio de Janeiro. During a meeting with Anton Siluanov, Finance Minister of Russia, Sitharaman expressed gratitude for the support extended by President Vladimir Putin after the Pahal ...Read More >
New Delhi, Jul 6 (PTI) With Prime Minister Narendra Modi in Brazil to attend the BRICS Summit, the Congress on Sunday recalled the events leading up to the formation of the grouping as also the Summit hosted by India in 2012 during which then PM Manmohan Singh had proposed the establishment of a BRICS Development Bank. Congress general secretary in-charge communications Jairam Ramesh said, "After dropping by in Ghana, Trinidad & Tobago, and Argentina, the Super Premium Frequent Flier Prime Mini ...Read More >
New Delhi: BRICS, the developing world's stand-in to the G-7 grouping. was expanded at the Kazan Summit, last year. Post expansion, Indonesia, Iran, Egypt, Ethiopia, Saudi Arabia and the UAE have joined the founding members Brazil, Russia, India, China and South Africa. In a world divided in silos, BRICS nations are advancing pragmatic pluralism. Under its presidency, Brazil has resisted strong pressures to position BRICS as an anti-West alliance. Six key agenda points at the 2025 Summit in Ri ...Read More >
New Delhi, Jul 5 (PTI) Finance Minister Nirmala Sitharaman has called for a renewed mandate for the New Development Bank (NDB), emphasising the need for greater agility, technological advancement, and efficiency in today's fast-changing world. Observing that NDB has played an important role in reshaping the financial landscape for the global South, she said it has approved more than 100 projects and it has approved more than USD 35 billion in financing across member countries, including key Ind ...Read More >
NEW DELHI: Finance minister Nirmala Sitharaman on Friday stressed the need for decisive collective action by the Global South to deal with multiple uncertainties arising out of fiscal constraints in several economies and evolving geopolitical dynamics.She was speaking at the annual meeting of Board Governors of the New Development Bank (NDB) in Rio De Janeiro, Brazil on 'Driving Development: Fostering Innovation, Cooperation, and Impact through a Multilateral Development Bank for the Global Sout ...Read More >
New Delhi: India Friday called for decisive collective action by the Global South to deal with multiple uncertainties arising out of fiscal constraints in several economies and evolving geopolitical dynamics. "This meeting takes place at a defining moment for the Global South, as the world grapples with multiple uncertainties arising from fiscal constraints in several economies, climate transition issues and evolving geopolitical dynamics," finance minister Nirmala Sitharaman said in her openin ...Read More >
New Delhi, Jul 4 (PTI) Finance Minister Nirmala Sitharaman on Friday said in today's fast changing world, the mandate for New Development Bank (NDB) must be renewed with focus on greater agility, technological advancement and efficiency. Observing that NDB has played an important role in reshaping the financial landscape for the global South, she said, it has approved more than 100 projects, and it has approved more than USD 35 billion in financing across member countries, including key Indian ...Read More >
New Delhi: Finance minister Nirmala Sitharaman on Friday flagged persistent asymmetry in global financial flows as a major impediment to sustainable development in the Global South, warning that it continues to stifle long-term investments in clean energy, urban mobility, and climate-resilient infrastructure. Speaking at the New Development Bank's (NDB) Governors Seminar in Rio de Janeiro, Brazil, Sitharaman urged a fundamental rethink of the global financial architecture to better align with t ...Read More >
New Delhi, Jul 4 (PTI) Finance Minister Nirmala Sitharaman on Friday emphasised the need for decisive collective action by the Global South to deal with multiple uncertainties arising out of fiscal constraints in several economies and evolving geopolitical dynamics. She was speaking at the Annual Meeting of Board Governors of the New Development Bank (NDB) at Rio De Janeiro, Brazil on 'Driving Development: Fostering Innovation, Cooperation, and Impact through a Multilateral Development Bank for ...Read More >
New Delhi, Jul 4 (PTI) Finance Minister Nirmala Sitharaman on Friday emphasised the need for decisive collective action by the Global South to deal with multiple uncertainties arising out of fiscal constraints in several economies and evolving geopolitical dynamics. She was speaking at the Annual Meeting of Board Governors of the New Development Bank (NDB) at Rio De Janeiro, Brazil on 'Driving Development: Fostering Innovation, Cooperation, and Impact through a Multilateral Development Bank for ...Read More >
New Delhi: Finance minister Nirmala Sitharaman will advocate for greater financial support to developing countries, stronger development banks tailored to Global South priorities, and enhanced private sector participation in sustainable growth initiatives at three high-level international meetings in July. Sitharaman is on an official visit from 30 June to 5 July to attend the UN's Financing for Development conference in Spain, the 10th annual meeting of the New Development Bank (NDB) in Rio de ...Read More >
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