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Cabinet approves pacts signed by Exim Bank under BRICS mechanism

The Cabinet has approved signing of Interbank Local Currency Credit Line Agreement and Cooperation Memorandum relating to Credit Ratings by Exim Bank with member banks under BRICS Interbank Cooperation Mechanism. These agreements were highlighted in BRICS Leaders Xiamen Declaration adopted ..

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9th BRICS summit held in Xiamen, China

The 9th BRICS summit was held in Xiamen, China. The theme of the summit was “Stronger Partnership for brighter Future”. It was for second time the summit was hosted in China after 2011 summit. At the end of summit, BRICS ..

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Five banks of BRICS nations sign pact for credit lines

Five banks of BRICS Interbank Cooperation Mechanism (ICM) have agreed to establish local currency credit lines and develop cooperation on credit ratings. In this regard, they have signed agreement ahead of 9th BRICS summit to be held in Xiamen, China. ..

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Xiamen is hosting 9th edition of BRICS summit-2017

The 9th edition of BRICS summit-2017 has started at Xiamen in the Fujian Province of east China on September 3, 2017 with theme “BRICS: Stronger Partnership for a Brighter Future”. For this, Prime Minister Narendra Modi has embarked on a ..

Shanghai hosted 2017 meeting of BRICS Trade Ministers

The 7th Meeting of BRICS Trade Ministers was held in Shanghai, China from August, 1-2, 2017. From India, the 6-member delegation led by Commerce and Industry Minister Nirmala Sitharaman , along with Ambassador J.S. Deepak, PR to WTO participated in ..

BRICS nations vow to fight protectionism

India and other four other members of the BRICS grouping members (Brazil, Russia, China and South Africa) have pledged to fight protectionism. Decision in this regard was taken at the two-day meeting of the trade ministers from BRICS nations held at ..

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