Page-2 of BRIC Current Affairs, GK & News

Swiss National Bank – Annual Banking Statistics: Relevant Points

The annual banking statistics released by the Swiss National Bank makes the following observations: The UK has retained its top position in terms of money parked by its citizens and enterprises with Swiss banks. The UK accounts for more than 26 per cent of the total foreign funds parked with Swiss banks at the end of 2018. ..

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T S Tirumurti led Indian delegation at first BRICS Sherpa meeting under Presidency of Brazil

On March 15, the first-ever BRICS Sherpa meeting under the Presidency of Brazil concluded at Curitiba in Brazil. T S Tirumurti, Secretary (Economic Relations) in the MEA, led the Indian delegation at the 2-day meeting. During the meeting, India conveyed its support for the priority areas set out by Brazil, particularly to take forward BRICS ..

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2nd Russia-India-China ‘RIC’ Trilateral Summit held in Buenos Aires

In Argentina, the 2nd Russia-India-China (RIC) Trilateral Summit was held in Buenos Aires after a gap of 12 years, on the sidelines of the G-20 summit to discuss cooperation in various areas. The three leaders – Prime Minister Narendra Modi, Chinese President Xi Jinping and Russian President Vladimir Putin – agreed to have regular consultations ..

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India ranked as 58th most competitive economy on World Economic Forum

India has been ranked as the 58th most competitive economy on the World Economic Forum (WEF)’s Global Competitiveness Index (GCI) for 2018. The WEF stated that India’s rank rose by five places from 2017, the largest gain among G20 economies. On the list of 140 economies, the US topped the list followed by Singapore and ..

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New Development Bank (NDB) approves loan to Madhya Pradesh for infrastructure projects

The New Development Bank (NDB) of the BRICS countries has approved a $525-million loan to Madhya Pradesh for infrastructure projects. The loan will be used by the Indian government for on-lending to the Madhya Pradesh government for rehabilitating major district roads with a total length of about 2,000 km to improve the connectivity of the ..

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South Africa hosts 10th edition of BRICS Summit 2018

South Africa is hosting the 10th edition of BRICS Summit 2018 in Johannesburg on July 25 with theme “BRICS in Africa – collaboration for inclusive growth and shared prosperity in the 4th industrial revolution”. In it, the heads of the five BRICS nations viz. Brazil, Russia, India, China and South Africa are participating. They are ..

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