Brics
Latest news, explainers and analysis on Brics. Tracking 7 stories on Arth Vani.
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Latest on Brics
BreakingBRICS Focuses on Fertiliser Security as India Grapples with Rising Subsidy Burden
BRICS nations are discussing global fertiliser supply stability, a critical issue for India. The country faces an increasing subsidy burden to keep fertiliser prices affordable for farmers amidst volatile international markets and high import dependence.
BRICS Nations Push Local Currency Trade to Cut Dollar Dependence
BRICS leaders have reaffirmed their commitment to increasing the use of local currencies for trade among member states. This strategic move aims to reduce the bloc's collective reliance on the US dollar for international financial transactions. The initiative reflects a broader goal of fostering greater financial autonomy and stability within the BRICS economic partnership.
BRICS Nations Unite to Launch AI Governance and Startup Innovation Framework
The BRICS alliance has formally backed new initiatives to establish global AI governance and foster a cross-border startup ecosystem. This move aims to reduce technological dependency on Western platforms while creating a collaborative digital economy for member nations including India.
PM Modi Urges BRICS Nations to Create Cross-Border Startup Corridor
Prime Minister Narendra Modi has called upon BRICS member nations – Brazil, Russia, India, China, and South Africa – to establish a dedicated cross-border corridor aimed at supporting startups. This initiative seeks to foster collaboration and growth within the startup ecosystems of these emerging economies.
IPOBreakingNifty Slides for 5th Week Amidst BRICS Diplomacy & IPO Buzz
Indian equity markets saw the Nifty index decline for the fifth consecutive week, reflecting broader economic and geopolitical undercurrents. Key events included BRICS diplomacy led by Prime Minister Modi and President Putin, alongside significant attention on the upcoming NSE IPO.
Jaishankar Urges BRICS for Predictable Business Environment, Resilient Supply Chains
External Affairs Minister S Jaishankar has called on BRICS nations to foster predictable business environments and build resilient supply chains. He emphasized the need for diversified trade relationships to absorb global economic shocks and boost cross-border business facilitation.
BRICS to Discuss Russia's Direct Grain Exchange Plan at Delhi Summit
BRICS nations, including India, are considering a Russian proposal to establish a new grain exchange for direct trade of farm produce. This initiative aims to reduce reliance on existing global commodity platforms and will be discussed at the upcoming BRICS Summit in New Delhi on September 12-13.
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