The BRICS stressed on resolution of conflicts in a declaration issued after a virtual meeting of foreign ministers of the member nations of the grouping. The meeting was attended by External Affairs Minister S Jaishankar and his Chinese counterpart Wang Yi.
The US involvement in Ukraine and the Middle East is a distraction which has to end quickly so that the main business of China can be focussed on. China is America's only peer competitor, not Russia and not anybody else. Therefore it makes little sense to be diverted from the overall mission, explains Aakar Patel.
Chinese ambassador to India, Xu Feihong, on Wednesday expressed hope that the recently completed Indo-China border disengagement in Eastern Ladakh would smoothen relations and pave the way for a better understanding between the two neighbours in the days ahead.
The PM said there was a need to tackle the problem of terrorism in an organised manner.
Doval is in Beijing for the 23rd round of the Special Representatives' talks being held after a gap of five years.
The five-nation grouping BRICS on Tuesday resolved to combat terrorism in all its forms and manifestations, including the cross-border movement of terrorists, and vowed to step up joint efforts in building support for an India-backed global framework to effectively deal with the menace.
The territory of Afghanistan must not be used to carry out terror attacks against other countries, the five-nation influential grouping BRICS said on Thursday and strongly called for combating terrorism in all its forms and manifestations, including the cross-border movement of terrorists.
Modi said that there was an immediate need to strengthen the WTO, fighting protectionism, ensuring energy security and work together to fight terrorism.
US President-elect Donald Trump's pledge to impose high tariffs on three of its trading partners, including China will provide huge export opportunities for India and the domestic industry should prepare itself to tap into that, Niti Aayog CEO BVR Subrahmanyam said on Wednesday. Trump last week vowed to introduce 25 per cent tariffs (or customs duty) on imports from Mexico and Canada and an additional 10 per cent on China.
National Security Advisor Ajit Doval arrived in Beijing on Tuesday to take part in the India-China Special Representatives' talks to be held on Wednesday aimed at restoring the bilateral ties stalled for over four years' due to the military standoff in eastern Ladakh.
In their first structured bilateral talks in nearly five years, Prime Minister Narendra Modi and Chinese President Xi Jinping Wednesday agreed that India and China can have a 'peaceful and stable' relationship by displaying maturity and mutual respect and endorsed the pact on the resolution of the dragging eastern Ladakh border row.
India will place restrictions on foreign direct investment (FDI) in the national interest to ensure safeguards because of its location in a highly sensitive neighbourhood, Finance Minister Nirmala Sitharaman said during an interactive session at the Wharton Business School in the US on Tuesday. "I cannot blindly accept FDI simply because we need investment, unmindful of where it is coming from. "We want business, we want investment, but we also need some safeguards, because India is located in a neighbourhood that is very, very sensitive," Sitharaman said.
'It is unrealistic to expect that security dilemmas and strategic distrust to disappear or even diminish any time soon,' says Rup Narayan Das.
The BRICS model will need to demonstrate the efficacy of a second alternative governance structure to reform the Bretton Woods legacy.
India and China have implemented a pact on patrolling in Depsang and Demchok along the Line of Actual Control (LAC) in eastern Ladakh, as per agreed modalities and timelines. The agreement was reached on October 21 and includes provisions for disengagement and patrolling in the last two friction points in the region. The pact has been effected and implemented as agreed, with both sides resuming patrolling activities and grazing, where applicable, as per longstanding practice before the friction began. The terms of the disengagement agreements reached prior to the latest pact continue to hold in relevant areas in eastern Ladakh. The agreement applies mutually to both sides and is without prejudice to India's positions on the LAC or boundary lines. India and China are each carrying out one round of patrolling in Depsang and Demchok, but they have maintained their deployment of troops along the LAC. The focus now is on de-escalation of the overall situation. The agreement was endorsed by Prime Minister Narendra Modi and Chinese President Xi Jinping in a meeting in Kazan, Russia, signaling attempts to normalize ties.
'The BRICS anthem has to necessarily be an anthem of Vedic times -- Walk together, Dream together, Achieve together.' 'And who knows it better than Modi?' says Tarun Vijay.
Delhi's appeasement strategy may now translate as more mega arms deals with the US, generating substantial business and job creation in the American economy. Make no mistake, Americans will use it to pressure India, predicts Ambassador M K Bhadrakumar.
Noting that India has 'limitless possibilities and countless opportunities', Modi urged the BRICS business leaders to take advantage of them.
Army Chief General Upendra Dwivedi Monday said there is still a 'degree' of standoff between the Indian and Chinese militaries along the Line of Actual Control in eastern Ladakh and both sides need to sit down and firm up a broader understanding on how to calm down the situation.
'Many countries believe that if they join BRICS, they will be seen as emerging countries and their stature will be enhanced.' 'G-20 still has common action plans while BRICS does not do that much.'
A broad consensus has been achieved by India and China on restoring the 'ground situation' along the Line of Actual Control (LAC) pursuant to talks, including for patrolling and grazing cattle in the traditional areas, Defence Minister Rajnath Singh said on Thursday.
If China is accommodating regarding Depsang and Demchok, a resolution of the Sino-India territorial dispute in Eastern Ladakh could be possible.
India will have the presidency of the BRICS' $100 billion New Development Bank for six years with headquarters in China that will become operational in about two years, a major step for reshaping the international financial system dominated by the West.
Following the disengagement, both sides will soon start the coordinated patrolling in their respective areas, sources added.
India is trying hard to erase Indonesia's wariness about New Delhi, building security cooperation in the Indian Ocean and Pacific Ocean. If Indonesia decides to buy the Brahmos missile, it would further strengthen relations between the world's most populous nation and the most populous Islamic country.
Condolences have poured in from across the globe, including from the United States, Canada and Sri Lanka following the demise of former Prime Minister Manmohan Singh.
Prime Minister Narendra Modi said he looks forward to useful conversations with his fellow leaders from China, South Africa, Brazil and Russia on addressing pressing international and regional challenges that stand in the way of their goals.
Erdogan's skipping of the Kashmir reference is being seen as an apparent shift in Turkiye's stance and comes at a time when the country is trying to become a member of the BRICS grouping to forge alliances beyond the West.
Srikanth Kondapalli on what to expect from the seventh BRICS summit meeting to be held in Russia in July.
Both nations have to find ways to be sensitive to each other's politico-strategic and economic concerns, say Dr Rahul Mishra and Sana Hashmi.
Cameron also said Modi has a very clear plan about technology and the future of India and his third consecutive term in office demonstrates the ability to bring real change in a consistent way.
The business council aims to give impetus to trade.
Jaishankar said, "The immediate part which awaits us is what we call the de-escalation, which is the build-up of forces along the Line of Actual Control."
'There's no pro-China tilt in BRICS.' 'All these countries want to be close to China, but they are all good friends of India also.'
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The ministers also expressed concern over the slow pace of global economic recovery and stressed that 'the uncertainty regarding economic growth and policy responses in developed countries could lead to increased volatility in financial markets and further affect the international economy'.
'Happily,' says Ambassador B S Prakash, 'BRICS displayed new-found energy and built something real, a bank. Between needless nihilism and as yet unjustified euphoria, there are many stations for the BRICS train and we can watch its progress with renewed interest.'
Disengagement of Indian and Chinese troops has started at two friction points in Demchok and Depsang Plains in the Eastern Ladakh sector, defence officials said.
Finance Minister of the BRICS countries had also worked on the idea at various deliberations on the sidelines of the Fund-Bank and G-20 meetings, he said.
'India has the potential to do a lot more to take advantage of the time today where we stand to gain, geopolitically and in terms of market attractiveness.'
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