BRICS+ and changing global alliances: A step towards exploring new currency ideas and challengesOriginally comprising Brazil, Russia, India, and China, BRICS was coined by Goldman Sachs in the 1990s to encourage investment in emerging ...
31 Aug, 2023, 10.41 AM IST
What is a BRICS currency, and could one be adopted?The greenback's share of official FX reserves fell to a 20-year low of 58% in the final quarter of 2022, and 47% when adjusted for exchange...
24 Aug, 2023, 08.04 AM IST
What is a BRICS currency, and could one be adopted?Brazil's President, Luiz Inacio Lula da Silva, has proposed the creation of a common currency for BRICS nations to reduce vulnerability to ...
23 Aug, 2023, 09.59 PM IST
BRICS seeks UN, WTO, WHO, World Bank, IMF reforms on 6 principlesThe BRICS foreign ministers who met on Tuesday under the Indian Presidency discussed the Covid challenge threadbare besides an action plan ...
02 Jun, 2021, 08.35 AM IST
BRICS makes a case for strong quota-based and resourced International Monetary Fund"We reaffirm our commitment to a strong, quota based and adequately resourced IMF. Borrowed resources by the IMF should be on a temporary b...
16 Oct, 2016, 07.23 PM IST
India should avoid divisions among BRICS: Chinese mediaIndia should shed its "long-standing bias against China" and avoid divisions among the five-member BRICS bloc.
25 Feb, 2016, 08.25 PM IST
BRICS has no plans to form military, political alliance: Vladimir PutinBRICS has no plans to form a military and political alliance, Russian President Vladimir Putin said today, in an apparent effort to allay a...
08 Jul, 2015, 08.37 PM IST
BRICS bank to get going in 2 years; India to head for 6 yearsIndia will have the Presidency of the BRICS' $100 billion New Development Bank for six years with headquarters in China that will become op...
16 Jul, 2014, 07.06 PM IST
Manmohan Singh wants better policy coordination from G20 membersSingh and other Indian officials have urged caution about the depth and manner in the so-called taper in the monetary expansion the US inte...
06 Sep, 2013, 04.00 AM IST
China, Russia warn against US fiscal stimulus withdrawalWith the five countries in the BRICS bloc hard hit by slow economic growth, host Russia and China, articulated their concerns about the pla...
05 Sep, 2013, 06.56 PM IST
BRICS summit yielded tangible fruits: Wang Yi, Chinese Foreign MinisterDuring the summit, the leaders agreed to set up a BRICS Development Bank, a Contingent Reserve Arrangement, a Business Council and a think-...
31 Mar, 2013, 03.36 PM IST
Need reforms in international financial institutions: BRICSBRICS summit calls for reform of the international financial institutions to make them more representative and to reflect the growing weigh...
27 Mar, 2013, 10.17 PM IST
- BRICS summit to discuss feasibility of development bank
The BRICS grouping will discuss the feasibility of establishing a development bank at next month's summit in S Africa to strengthen economi...
21 Feb, 2013, 06.07 PM IST
BRICS call for speedier IMF quota reformsBRICS leaders today called upon the developed world to expedite the process of giving greater voice and representation to poor countries.
29 Mar, 2012, 10.31 PM IST
To deepen relations, Brics nations should trade in their own currenciesIndia has proposed the idea of establishing a Brics bank, to mirror the two multilateral institutions, the World Bank and the IMF.
26 Mar, 2012, 10.30 AM IST
- Brics: Good intentions
Brics should reinforce the G20 process, to achieve the goals reiterated at Sanya.
16 Apr, 2011, 06.12 AM IST
- BRICS seek lower dependence on dollar, higher scrutiny of commodity futures
The BRICS group of emerging-market powers kept up the pressure on Thursday for a revamped global monetary system that relies less on the do...
15 Apr, 2011, 06.29 AM IST