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BRICS countries

04 Sep 2017

Four documents inked to boost commercial ties among BRICS nations

According to IMF's estimates, BRICS countries generated 22.53 per cent of the world GDP in 2015 and has contributed more than 50 per cent of the world economic growth during the last 10 years.

31 Aug 2017

BRICS account for 47% of global online retail sales

BRICS countries account for 47 percent of the global online retail sales surpassing $876 billion in 2016, a new study revealed on Thursday.

National Development Bank

23 Jan 2017

BRICS countries' NDB to double lending every year; staff count to increase: Kamath

BRICS countries' National Development Bank expects its lending to double every year over the next 2-3 years and is looking at leveraging its USD 10 billion capital in first 6-7 years, NDB President K V Kamath has said.

15 Oct 2016

Goa BRICS summit challenges are like old wine in new bottle

BRICS countries

13 Oct 2016

Urjit Patel warns of risks from Brexit, US elections

India and fellow BRICS countries need to be prepared to confront potential "political risk" events such as Britain`s exit from the European Union and the U.S. presidential elections, Reserve Bank of India Governor Urjit Patel warned on Thursday.

13 Oct 2016

Cabinet approves MoU between Exim Bank, New Development Bank

The Union Cabinet here on Thursday approved the signing of a Memorandum of Understanding (MoU) between New Development Bank (NDB) and Export Import Bank of India (Exim Bank) for general cooperation through the BRICS Interbank Cooperation Mechanism, an official statement said.

11 Sep 2016

Services, trade-barriers to figure in BRICS Trade Ministers meet

Non-tariff barriers, ways to promote services sector and cooperation in intellectual property rights (IPRs) are the key issues to be discussed in the meeting of trade ministers of BRICS on October 13 here.

25 Jul 2016

BRICS Employment Working Group to meet on July 27-28

The BRICS Employment Working Group's first two-day meet will begin on July 27 in Hyderabad with focus on shaping the agenda for labour and employment in these emerging economies.

Brazil's interim President

13 Jun 2016

Brazil's political crisis will test BRICS capability: China

Beijing: Brazil's interim President Michel Temer's major policy shift has posed a test to the capability of BRICS as the new government has relegated cooperation with the five-nation bloc to "secondary place", Chinese state media said today.

BRICS countries

01 Jun 2016

BRICS bank to issue first yuan-denominated bonds

Beijing: The New Development Bank of the BRICS countries is set to issue its first yuan-denominated bonds with plans to release more bonds in local currencies including in Indian Rupee, a top official of the bank has said.

New Development Bank

27 Feb 2016

BRICS bank a 'worthwhile venture': Rajan

Describing the New Development Bank (NDB) set up by the BRICS countries as a "worthwhile venture", RBI Governor Raghuram Rajan today said the multi-lateral bank has gotten off to a good start raising hopes of energising the investment and financing of infrastructure projects.

New Development Bank

27 Feb 2016

BRICS bank signs pact to place headquarters in Shanghai

The New Development Bank (NDB) set up by the BRICS countries on Saturday signed an agreement with China to place its Headquarters here, according legal status to the multi-lateral bank headed by eminent Indian banker K V Kamath.

Global talent competitiveness

19 Jan 2016

India slips to 89th rank on global talent competitiveness

Reflecting an acute shortage of skilled labour force and difficult business conditions, India has slipped 11 places to rank 89th on a global index of talent competitiveness, a list which has been topped by Switzerland.

16 Sep 2015

India laggard among BRIC nations in online shopping

India may be ahead of countries like Brazil and Russia with a higher Internet population but lags behind when it comes to online shoppers and transaction sizes, a report by EY said Wednesday.

04 Feb 2015

China lashes out at western attempts to demonise BRICS nations

China on Wednesday criticised western attempts to "demonise" the BRICS countries which were pushing forward structural reforms to promote global growth and reduce dependence on external markets.

24 Dec 2014

'BRICS bank's bonds must have liquidity for realisation'

Former RBI Governor C Rangarajan on Wednesday said the bonds to be floated by the New Development Bank promoted by the BRICS countries should have liquidity to ensure their easy realisation.

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