South African President Jacob Zuma thanked Commerce Minister Anand Sharma for India's support in the matter, when the two met here this morning. India had been lobbying for South Africa's inclusion.
The BRICS bank is simply too expensive a proposition for a group of developing countries that includes many who are already overspending domestically.
The meeting, which comes after the Doklam standoff, is aimed at a working a new paradigm for the bilateral relations for the next 15 years.
An MoU on sharing hydrological information of the Brahmaputra River by China to India and another pact on amendment of the protocol on phytosanitary requirements for exporting rice from India to China to include non-Basmati rice were signed after the Modi-Xi talks in the eastern Chinese port city.
'I don't think we have ever seen such alignment of everything that we need in the banking sector.'
Prime Minister Narendra Modi on Tuesday told Russian President Vladimir Putin that a solution to the Ukraine conflict is not possible on the battlefield and peace efforts do not succeed in the midst of bombs and bullets even as he flagged concerns over a missile strike on a children's hospital in Kyiv.
The year will coincide with the 75th year of its Independence.
Russian President Vladimir Putin arrived in New Delhi late on Friday night for annual summit talks with Prime Minister Narendra Modi on Thursday that is aimed at building on the already close strategic ties, particularly in the fields of nuclear energy, hydrocarbons and defence.
Modi said South America has tremendous potential.
Prime Minister Narendra Modi on Tuesday said India will become the growth engine for the world in the coming years, and the ease of doing business has improved with "mission-mode" reforms being undertaken by his government. Speaking at the BRICS Business Forum Leaders' Dialogue in Johannesburg, Modi also said India soon will become a $5 trillion economy.
Condemning strongly the terrorist attack in Paris, India on Sunday made a case for united global effort to combat the menace of terrorism.
Modi knew in his heart that India does not have the financial muscle to support the new bank with offers of co-financing international projects, something China can do from the bank's base in Shanghai. If established in Mumbai, it may have employed a few Indian bankers and satisfied the national ego but there was little financial value to be drawn from it.
The two leaders, who will be present in Ufa to attend the SCO summit, will be meeting on the sidelines of it.
Prime Minister Narendra Modi on Wednesday gifted Kazakh President Nursultan Nazarbayev a set of books relating to religions born in India.
Modi will meet Xi at 12.30 pm (10 am IST).
Johnson also reiterated his plan to visit India ahead of the G7 summit, after a scheduled visit for Republic Day this month was called off due to the coronavirus crisis.
So far the coronavirus, which originated in the Chinese city of Wuhan, has infected more than 54 million people around the world and killed over 1.3 million others.
Borrowing from BRICS bank will help India avoid other kinds of politics emanating from the West. Overall, the BRICS institutions will necessarily adopt alternative ways of doing things based on their own cultural and socio economic needs, says M K Venu.
In a first-of-its-kind step, Brazil, Russia, India, China and South Africa (BRICS) will be signing an agreement on Thursday under which they would be able to give credit and grants to each other in their own currency instead of dollars.
'The only choice we have is to strengthen ourselves militarily and economically and develop friendships with others without alarming our neighbours, says Ambassador T P Sreenivasan.
The BRICS states need to pin down China on long-term norm-based values, ideas and concrete proposals and programmes for the mutual benefit of the constituent member states.
He may have spent his entire adult life in diplomacy, but doctorate in nuclear physics Subrahmanyam Jaishankar's face betrays both fusion and fission of his moods.
Shortly before the commencement of the Sixth G20 Summit in Cannes, France, leaders of the emerging, but powerful, economies -- Brazil, Russia, India and China -- met with the intention of designing a joint strategy on how to tackle the Eurozone debt tsunami that could overrun the developing nations causing havoc.
However, there is no official word on whether there will be any interaction between Modi and Pakistan President Mamnoon Hussain, who is scheduled to attend the meeting in China.
Wang and Swaraj also discussed issues relating to annual BRICS summit which will be hosted by India in Goa in October.
The first-quarter foreign trade growth between China and the other four nations of BRICS (Brazil, Russia, India, China and South Africa), was 16.3 percentage points higher than China's average foreign trade growth during the period, China's General Administration of Customs said.
Declaring India's readiness to contribute to global efforts to overcome the economic crisis, Prime Minister Manmohan Singh arrived in Yekaterinburg on Monday night to attend the Summits of Shanghai Cooperation Organisation and Brazil-Russia-India-China.
The Chinese inference is that if the Chinese visa is embossed on an Indian passport, held by Indian citizens from Arunachal Pradesh, it may be tantamount to recognising Indian sovereignty over Arunachal Pradesh, states Rup Narayan Das.
'Terrorism continues to be the overwhelming threat to security and stability in the SCO region and therefore Dr Jaishankar strongly pitched for 'collective action',' observes Dr Rajaram Panda.
Once the Canadian investigation runs its course, Ottawa may put on the public domain further accusations passing for "evidence" -- and that could happen at some point closer to our general election. All in all, the big question is, what is it that the US is really up to, asks Ambassador M K Bhadrakumar.
Prime Minister Narendra Modi on Saturday unequivocally said that repatriation of black money kept abroad is a "priority" for his government, as he sought close global coordination to achieve this objective.
China, however, remained ambiguous about the status of its own troops.
Prime Minister Manmohan Singh and his Pakistani counterpart Yousuf Raza Gilani on Tuesday exchanged pleasantries, their second informal chat in two days at the Nuclear Security Summit in Seoul.
Prime Minister Narendra Modi on Thursday spoke to German Chancellor Angela Merkel, who extended a standing invitation to him to visit Germany for an official bilateral engagement.
There will not be any meeting between Prime Minister Narendra Modi and German Chancellor Angela Merkel, who is travelling to Brazil to watch her team play in FIFA World Cup final, during Modi's transit halt in Germany on July 13 en route to Brazil for the BRICS Summit.
During his meeting with Bolsonaro, Prime Minister Modi invited the President of Brazil to be the chief guest at the Republic Day 2020. Bolsonaro accepted the invitation with pleasure.
August 23, the day the Chandrayaan-3 lander touched down on the lunar surface, would be celebrated as 'National Space Day'.
Both Putin and Zelenskyy have invited the prime minister to visit Russia and Ukraine respectively after the Lok Sabha elections, sources said, adding they see Modi as a "peacemaker".
Ahead of next month's annual Indo-Russia summit, Prime Minister Narendra Modi on Thursday met Russian Premier Dmitry Medvedev who said India is a "close and valued" partner for his country.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances