BRICS, new delhi, New Delhi (2025)

07/09/2017

2017 Shanghai Summer School (BRICS Program) Self-financing Students List

01/01/2017

Wish you very very Happy New Year...

18/10/2016

BRICS 2016: Prime Minister Narendra Modi will also hold extensive bilateral talks with heads of Brazil, Russia, China and South Africa on the sidelines of BRICS summit
BY: EXPRESS WEB DESK | NEW DELHI |
Updated: October 15, 2016 9:26 Pm

Shortly after concluding delegation-level talks with Russian President Vladimir Putin, Prime Minister Narendra Modi held bilateral talks with Chinese President Xi Jinping. After the meeting, PM Modi said, “My meeting with President Xi Jinping was fruitful. We discussed various aspects of India-China ties.” Earlier in the day, PM Modi and Vladimir Putin held delegation-level talks on the sidelines of the BRICS summit in Goa. Both leaders later made statements detailing the partnership between the two countries.
India and Russia signed a total of 16 agreements mostly in the fields of defence, energy, power, shipbuilding and space. Both PM Modi and President Putin also lay the foundation of units 3 and 4 of the Kudankulam nuclear plant via video conferencing.
“We agreed to work on an annual military industrial conference that will allow stakeholders on both sides to institute and push collaboration,” said PM Modi. He called Russia an ‘old friend of India.’

Top heads of state including Chinese President Xi Jinping and South African president Jacob Zuma are in Goa to attend the 8th BRICS summit. Representatives from the BIMSTEC countries will also be present at the summit. BRICS is an association of emerging national economies comprising of Brazil, Russia, India, China and South Africa.
This year’s summit is themed on ‘Building Responsive, Inclusive and collective solutions.’ Prime Minister Narendra Modi, who arrived in the state Friday night, will be hosting a dinner for the state heads Sunday night. While the meetings are happening at multiple venues in the coastal state, the Leela resort is the place where all these leaders and their key delegates will be converging for the state dinner, a hotel spokesperson told PTI. The resort, that overlooks the tranquil Sal river and the lofty Betul mountains, is situated on the pristine Mobor beach.
Also read: China may carry Pak message to India at BRICS
Pakistan, with whom India is currently having increased tensions, is likely to be the flavour of the summit. When PM Modi meets Chinese President Xi Jinping later Saturday for bilateral talks, the foreign leader is likely to impress for resumption of engagement with Pakistan. Sources told the Indian Express that if India and the region have to develop, then Beijing must tell Islamabad to mend its ways.

18/10/2016

Goa

15/10/2016

सम्मलेन में पुतिन-मोदी के बीच हुए ये 16 समझौते

Amar Ujala 15 Oct. 2016 16:49

मोदी और पुतिन
BRICS सम्मेलन में आए रूस के राष्ट्रपति व्लादिमिर पुतिन के साथ प्रधानमंत्री नरेंद्र मोदी ने साझा प्रेस कॉन्फ्रेंस की। इस दौरान उन्होंने बताया कि दोनों देशों के बीच 16 समझौते हुए हैं। उन्होंने रूस के साथ हुए डिफेंस सौदों की भी जानकारी दी। दोनों देशों में इन 16 मुद्दों पर बनी सहमती...
- नरेंद्र मोदी ने बताया कि भारत ने रूस के साथ नेवी के लिए इस्तेमाल में आने वाले चार जहाजों पर समझौता किया है।

-मिसाइल डिफेंस सिस्टम s 400 डिफेंस सिस्टम की खरीद के लिए करार। रूस ने अपने इस सबसे एडवांस एयर डिफेंस सिस्टम को सीरिया में तैनात कर रखा है।

- स्टील्थ फ्रिगेट से नेवी को मिलेगी मजबूती। रूस के साथ एडमिरल ग्रिगोरोविच क्लास के 4 स्टील्थ फ्रिगेट को लेकर भी करार हुआ है।

- कामोव हेलिकॉप्टरों का भारत में उत्पादन पर भी सहमति बनी। भारत को 200 कामोव-226 टी के हेलिकॉप्टर मिलेंगे। 40 रूस से आएंगे। बाकी देश में ही बनेंगे।

- डिफेंस सेक्टर में पार्टनरशिप मजबूत करने के लिए दोनों देश एनुअल मिलिटरी इंडस्ट्री कॉन्फ्रेंस करेंगे।

- दोनों देशों के बीच साइंस ऐंड टेक्नॉलजी कमिशन बनाने पर भी सहमती बनी है। इससे तकनीक के जॉइंट डेवेलपमेंट, ट्रांसफर ऐंड शेयरिंग पर जोर होगा।

- बीते चार महीने में भारतीय कंपनियों ने रूस के हाइड्रोकार्बन सेक्टर में करीब 5.5 बिलियन डॉलर का निवेश किया है।

- एस 400 एयर डिफेंस सिस्टम खरीदा जाएगा।
- आंध्र प्रदेश में लॉजिस्टिक सिस्टम, स्मार्टसिटी मॉनिटरिंग सिस्टम विकसित करने पर समझौता।

- आंध्र प्रदेश में शिप बनाने के अलावा टेक्नॉलजी के जॉइंट डेवलपमेंट और ट्रांसफर पर सहमती।

- गैस पाइपलाइन बनाने पर जांइट रिसर्च के लिए एमओयू पर साइन हुए।

- दोनों देशों के बीच इनवेस्टमेंट फंड बनाने पर भी सहमति बनी।
- ट्रेनों की स्पीड बढ़ाने के लिए भारत और रूस रेलवे के बीच करार।

-रूस और भारतीय अंतरिक्ष संगठनों के बीच सहयोग पर करार।

-ऑयल एंड गैस, विज्ञान, वाणिज्य, अंतरिक्ष और व्यापार के क्षेत्र में समझौते।

-भारतीय और रूसी विदेश मंत्रालय के बीच सहयोग से जुड़ा करार।

30/09/2016

tember 28, 2016 - Illegal mining blamed for deadly China blast September 27, 2016 - Universities underfunded and unaffordable – South Africa’s snare September 27, 2016 - The Mexican peso doesn’t like Trump September 26, 2016 - Africa plans to boost rhino numbers September 26, 2016 - China urges end to Syria conflict as Russia, US feud September 26, 2016 - Japan scrambles fighters as Chinese Air Force conducts drills September 25, 2016 - Temer’s party faces more corruption probes
BRICS competitiveness levels rise
September 28, 2016, 3:17 pm

India and China are the best performing BRICS economies according to the Global Competitiveness scale [Xinhua]

Most BRICS countries have moved up in the World Economic Forum’s Global Competitiveness Report 2016-2017.
India’s 16-point jump to 39th position is the most notable.
The report measures how well the 138 countries in focus manage all their resources and competencies to facilitate long-term value creation.
The four principal factors of measure are economic performance, government efficiency, business efficiency and infrastructure.
But the study also examines 114 indicators that “capture concepts that matter for productivity and long-term prosperity.”
“These indicators are grouped into 12 pillars: institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labor market efficiency, financial market development, technological readiness, market size, business sophistication, and innovation.”
The report made note of the fact that global economic growth remains low and unemployment persistently high “despite substantive efforts to re-ignite recovery”.
The effects of the 2008 sub-prime mortgage crisis in the US which sparked a global financial crisis are still being felt, the report said.
Many countries tried to offset the effects of the crisis by resorting to quantitative easing fiscal stimulus. But this may not be sufficient for sustainable economic growth, the report says.
“… monetary stimulus measures such as quantitative easing are not enough to sustain growth and must be accompanied by competitiveness reforms,” the report cautions.
It also noted that despite unorthodox monetary policy, global GDP growth has fallen from levels of 4.4 per cent in 2010 to 2.5 per cent in 2015.
While it faced the impact of a corrective economic policy since 2015, China remained highest on the scale – at 28 – among BRICS nations.
Despite battling a recession of its own, Russia moved up two places to 43. South Africa, which has seen its rand currency fluctuate against the dollar, also moved up two places to 47.
Lowest among BRICS was Brazil, falling six places to 81.
The top three countries on the scale were Switzerland, Singapore and the US.
Hong Kong (as a specially administered region of China) came in at 9th place.
The three lowest on the scale were Chad, Mauritania, and Yemen.

The BRICS Post with inputs from Agencies
Helmo Preuss in Pretoria, South Africa contributed to this report

30/07/2016

HISTORY-

The term "BRIC" was coined in 2001 by then-chairman of Goldman Sachs Asset Management, Jim O'Neill, in his publication Building Better Global Economic BRICs.[18] The foreign ministers of the initial four BRIC states (Brazil, Russia, India, and China) met in New York City in September 2006 at the margins of the General Debate of the UN General Assembly, beginning a series of high-level meetings.[19] A full-scale diplomatic meeting was held in Yekaterinburg, Russia, on 16 June 2009.[20]

30/07/2016

BRICS
Not to be confused with BRIC.
BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa. The grouping was originally known as "BRIC" before the controversial inclusion of South Africa in 2010.[4] The BRICS members are all leading developing or newly industrialized country countries, but they are distinguished by their large, sometimes fast-growing economies and significant influence on regional affairs; all five are G-20 members.[5] However, BRICS countries have significantly slowed down with South Africa only growing 1% in 2015 similar to the 1.6% a year from 1994 to 2009,[6] Brazil in its worst recession since the 1930s by some measures,[7] Russia in a recession as oil prices tailspin and sanctions weigh,[8] and China's slowdown is set to be a drag on global growth[9] and is reported to be the slowest in the last 25 years.[10] Since 2009, the BRICS nations have met annually at formal summits. Russia hosted the group's seventh summit in July 2015. India is going to host the BRICS conference in Goa in 2016.[11] The term does not include countries such as South Korea, Mexico and Turkey for which other acronyms and group associations were later created.

As of 2015, the five BRICS countries represent over 3 billion people, or 42% of the world population; all five members are in the top 25 of the world by population, and four are in the top 10. The five nations have a combined nominal GDP of US$16.039 trillion, equivalent to approximately 20% of the gross world product, and an estimated US$4 trillion in combined foreign reserves.[12][13] The BRICS have received both praise and criticism from numerous commentators.[14][15][16] Bilateral relations among BRICS nations have mainly been conducted on the basis of non-interference, equality, and mutual benefit.[17]

24/07/2016

The New Development Bank (NDB) launched by the BRICS countries has issued its first bonds worldwide to raise funds for clean energy projects in member states.
The new lender sold 3 billion yuan ($449 million) of yuan-denominated, green bonds in China’s interbank market on Monday.
The green bonds were issued with a 5-year tenor and are the first such issuance by a bank of its type under guidelines issued by China’s central bank in December
It was the first time in seven years that a global financial institution has issued yuan-denominated bonds in China.
The bonds attracted investors from home and abroad. At its roadshow last Tuesday, more than 40 domestic and overseas institutional investors subscribed to the bonds.
NDB president Kundapur Vaman Kamath said the issuance was a milestone for the multilateral development bank. It will help boost sustainable development and serve as a signal of support for capital markets in BRICS countries, Kamath said.
Kamath said the bank “will support more clean and renewable energy use to reduce carbon emissions”.
Issuance of the yuan-denominated bonds shows the confidence international financial institutions have in the Chinese currency and could promote the internationalization of the yuan, said Chen Siqing, governor of the Bank of China.
Bank of China Limited is the lead underwriter and book runner for the issue, while joint underwriters include the Industrial and Commercial Bank of China Limited , China Construction Bank Limited , HSBC Bank (China) Company Limited and Standard Chartered Bank (China) Limited.
The NDB also plans to issue another 10 billion yuan in green bonds in China in the next six months, said Leslie Maasdorp, NDB’s vice president and chief financial officer.
The bank is also planning to sell bonds in Russia and India to fund green projects there, Maasdorp said.
Earlier this year, Russian Finance Minister Anton Siluanov said the NDB “will soon become a strong and well-respected international financial institution, playing a leading role in the changing international financial architecture”.
The bank plans to employ about 100 staff globally by the end of 2016 and will soon begin hiring in Brazil, Russia, India, China and South Africa.

24/07/2016

Infrastructure financing needs of the five BRICS countries was discussed at the annual meet of the New Development Bank’s board of directors in Shanghai on Wednesday.
The NDB was launched by the BRICS nations last year and is seen by its members as an alternative to the World Bank.
On Wednesday, Chinese Vice Premier Zhang Gaoli said the new lender needs to attract more capital into infrastructure and boost greater economic cooperation between the BRICS countries.
“The BRICS nations and developing countries will have a greater say in global economic governance,” he said.
BRICS members like India and South Africa are struggling with infrastructure deficit.
India needs over $1.5 trillion in investment in the next 10 years to bridge infrastructure gap, India’s Finance Minister Arun Jaitley said at the BRICS Bank Board of Governors meet last month.
The NDB Board of Directors on Wednesday approved funding for its first Russian project: the development of a small-scale energy project in Karelia.
The new lender is allocating $100 million for the project, President Kundapur Vaman Kamath told journalists.
“Today we have approved our project in Russia for $100 mln,” Kamath said. Kamath is a former executive of India’s largest private lender, ICICI Bank.
“In this one year, we have put in place all our major operational policies and procedures. The Board has approved the first set of projects with a total commitment of USD 911 mln, which covers all our five member countries. All of these projects are broadly in an area of renewable energy and through our first set of loans the Bank has begun the process of establishing its credentials as an institution that supports green and sustainable infrastructure,” Kamath added.
The bank also plans to extend finance to private sector.
“As a first step we are developing our own operational policies on that front (private sector) loans without sovereign guarantees; We have to build capacities in terms of people. It will take next six months to do that. Some time in the middle of the next year, I hope we will start looking at private sector projects in member countries. That will bring innovation,” the President of NDB Kamath said.
An emailed statement said NDB Director and Russian Deputy Finance Minister Sergei Storchak stressed that “the Bank has become a part of a big family of multilateral development banks, showing that emerging markets can agree quite quickly and effectively on such an initiative”.
Storchak expressed confidence that “with the establishment of the NDB its members have embarked on providing a new orientation to the global financial system”.

24/07/2016

Goldman Sachs to invest $184 mn in Brazil storage company
July 23, 2016, 4:46 am

Brazil’s benchmark equity index has now soared almost 60 percent in dollar terms this year [Image: Metrofit]
Goldman Sachs Group will invest 600 million reais ($184 million) in Brazilian storage company Metrofit over the next 6 years, the company said on Friday.
Metrofit, founded in 2012, is a joint venture between Brazilian real estate company TRX and U.S. company Metro Self Storage.
The terms of the agreement with the US investment bank are yet to be made public.
Metrofit plans to build up to 10 storage sites a year in different state capitals, TRX’s chief executive officer Luiz Augusto do Amaral said.
“Goldman Sachs is betting on a longer term recovery”, Amaral said. “And the timing is good to expand, since this year there is a lot of new real state coming to the market with prices lower than expected.”
Metrofit owns two self-storage sites in the Sao Paulo metropolitan region and is building two others. The company may use part of the cash injection to fund acquisitions, Amaral said.
Earlier this week, Brazilian technology startup CargoX announced that Goldman Sachs had led a 35 million reais ($11 million) investment round for the company to help it fund an expansion.

24/07/2016

Russia renews security pledge to Kabul following attack
July 24, 2016, 5:03 am

Thousands of members of the Hazara Shia minority were protesting over a new power line in Kabul when twin explosions tore through the demonstrations on 23 July 2016 [Xinhua]
Russia and Brazil have condemned the twin explosions that tore through a demonstration in Afghanistan’s capital city Kabul on Saturday, killing at least 80 people and wounding more than 230.
“Brazil condemns the attack in Kabul and expresses solidarity with the families of the victims, the people and government of Afghanistan,” said a Brazilian Foreign Ministry statement.
Daesh (Islamic State) group has claimed responsibility for the killings.
Russia condemned the attack and renewed pledges of security assistance to Kabul.
Russian President Vladimir Putin reiterated his “readiness for a most active cooperation with Afghanistan’s authorities and people in the fight against all forms of terrorism”, a Kremlin statement said.
The Kremlin is concerned Afghanistan might turn into a new hotspot amidst the end of NATO combat missions and the gradual withdrawal of US troops.

21/01/2016

Official sites :-
1- www.brics.utoronto.ca/
2- thebricspost.com/
3- brics.itamaraty.gov.br/

21/01/2016

BRICS

04/01/2016

DEFINITION of 'Gross Domestic Product - GDP'
Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period. Though GDP is usually calculated on an annual basis, it can be calculated on a quarterly basis as well. GDP includes all private and public consumption, government outlays, investments and exports minus imports that occur within a defined territory. Put simply, GDP is a broad measurement of a nation’s overall economic activity.

Gross domestic product can be calculated using the following formula:

GDP = C + G + I + NX

where

C is equal to all private consumption, or consumer spending, in a nation's economy, G is the sum of government spending, I is the sum of all the country's investment, including businesses capital expenditures and NX is the nation's total net exports, calculated as total exports minus total imports (NX = Exports - Imports).

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