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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 ..
Month: Current Affairs - September, 2017
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 ..
Month: Current Affairs - September, 2017
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. ..
Month: Current Affairs - September, 2017
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 ..