Brics Business Summit

An Indian-driven gold mining project in Siberia has been hailed at the BRICS Summit in Johannesburg as the first practical implementation of the objectives of the grouping comprising Brazil, Russia, India, China and South Africa.

Prime Minister Narendra Modi underlined his government's reform agenda while addressing BRICS business council at the 8th BRICS summit in Goa on Sunday.

The agreement was signed on the sidelines of the BRICS Summit in Goa to develop the Kluchevskoye gold deposit located in the Chita region of Russia in Eastern Siberia, a statement by SUN Gold said.

The Narendra Modi government has undertaken a slew of reforms, which has had India's ranking in ease of doing business go up by multiple notches in a year to 39 as per the latest ranking by the World Bank.

Even though the 2008 credit crisis and the "treacherous recovery" of global economy has impacted growth among the BRICS countries, Chinese President Xi Jinping today said the potential and the inherent strength of the five-nation grouping of emerging economies continues to be unchanged.

Prime Minister Narendra Modi today addressed the Business Council Meeting of the BRICS Summit 2016 in Goa.

The BRICS - Brazil, Russia, India, China and South Africa - agreed to create the New Development Bank (NDB) in July 2014 with initial authorised capital of $100 billion. The lender was officially launched a year later.

The first trade fair of the BRICS countries, aimed at deepening their economic engagement, trade and investment ties, got underway in New Delhi on Wednesday, to be followed by meetings of the BRICS Business Forum and BRICS Business Council, ahead of the leaders' summit in Goa later this week.

BRICS members China and Brazil agreed on Tuesday to trade in their own currencies the equivalent of up to $30 billion per year, moving to take almost half of their trade exchanges out of the US dollar zone.

The Summit of BRICS nations here tomorrow may take a call on the setting up of a development bank notwithstanding some key issues dogging it even as the leaders will advocate reforms of the global governance architecture.

Prime Minister Manmohan Singh leaves on Monday on a four-day visit to Durban in South Africa to attend a five-nation Summit on March 26 and 27 that could launch a BRICS development bank and discuss ways to reform governance in international financial institutions.

BRICS emerging nations are close to reaching a deal that would create a joint development bank, the South African diplomat charged with managing an upcoming summit of the five countries said today. "There is a lot of convergence on key issues," said Anil Sooklal, the deputy director general at the Department for International Relations.

Concerned over the fallout of the European sovereign debt crisis, BRICS countries including India today called for collective efforts to deal with the problem.

An Indian-driven gold mining project in Siberia has been hailed at the BRICS Summit in Johannesburg as the first practical implementation of the objectives of the grouping comprising Brazil, Russia, India, China and South Africa.

Prime Minister Narendra Modi underlined his government's reform agenda while addressing BRICS business council at the 8th BRICS summit in Goa on Sunday.

The agreement was signed on the sidelines of the BRICS Summit in Goa to develop the Kluchevskoye gold deposit located in the Chita region of Russia in Eastern Siberia, a statement by SUN Gold said.

The Narendra Modi government has undertaken a slew of reforms, which has had India's ranking in ease of doing business go up by multiple notches in a year to 39 as per the latest ranking by the World Bank.

Even though the 2008 credit crisis and the "treacherous recovery" of global economy has impacted growth among the BRICS countries, Chinese President Xi Jinping today said the potential and the inherent strength of the five-nation grouping of emerging economies continues to be unchanged.

Prime Minister Narendra Modi today addressed the Business Council Meeting of the BRICS Summit 2016 in Goa.

The BRICS - Brazil, Russia, India, China and South Africa - agreed to create the New Development Bank (NDB) in July 2014 with initial authorised capital of $100 billion. The lender was officially launched a year later.

The first trade fair of the BRICS countries, aimed at deepening their economic engagement, trade and investment ties, got underway in New Delhi on Wednesday, to be followed by meetings of the BRICS Business Forum and BRICS Business Council, ahead of the leaders' summit in Goa later this week.

BRICS members China and Brazil agreed on Tuesday to trade in their own currencies the equivalent of up to $30 billion per year, moving to take almost half of their trade exchanges out of the US dollar zone.

The Summit of BRICS nations here tomorrow may take a call on the setting up of a development bank notwithstanding some key issues dogging it even as the leaders will advocate reforms of the global governance architecture.

Prime Minister Manmohan Singh leaves on Monday on a four-day visit to Durban in South Africa to attend a five-nation Summit on March 26 and 27 that could launch a BRICS development bank and discuss ways to reform governance in international financial institutions.

BRICS emerging nations are close to reaching a deal that would create a joint development bank, the South African diplomat charged with managing an upcoming summit of the five countries said today. "There is a lot of convergence on key issues," said Anil Sooklal, the deputy director general at the Department for International Relations.

Concerned over the fallout of the European sovereign debt crisis, BRICS countries including India today called for collective efforts to deal with the problem.