has been discussed at the highest level when the Prime Minister met Chinese President in Hanoi in October last.
"There are multiple reasons for the current food crisis, primarily because of recent cyclones in Bangladesh and Myanmar, which destroyed the entire rice crops in these countries, also exporters of rice. Now they have to import rice instead of exporting it," External Affairs Minister Pranab Mukherjee said during the deliberations on the issue at the ministerial meet in Yekaterinburg (Russia).
At the IMF, India is expected to link announcement of additional resources to the IMF to the implementation of 2012 quota reform.
Overall inflows into emerging market equity funds rebounded during the third week of July as optimism about a recovery in US demand helped many individual equity markets gain between 3 and 8 per cent. The diversified Global Emerging Markets equity funds received $1.08 billion, followed by Asia (excluding-Japan) equity funds which got $973 million.
The world's No. 2 personal computer maker Dell on Thursday said it would invest more in India in the coming years to commensurate with the growth of its products here, adding it expects strong demands in this part of the world to continue.
May emphasise that the country is back on the fiscal consolidation path by reining in fiscal deficit at 5.2%.
In a study titled Internet's New Billion, the Boston Consulting Group said Brazil, Russia, India, China and Indonesia will have more than 1.2 billion Internet users by 2015 -- well over three times the number of Internet users in Japan and the US combined. In 2009, the BRICI countries had some 610 million Internet users.
The French cosmetics major's sales in India grew 40.3 per cent last year. According to the company spokesperson, "Being a part of the BRIMC (Brazil, Russia, India, Mexico and China) countries, India offers high potential for us. This was recognised by L'Oral from the start of our Indian operations 13 years ago."
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.
In India, digital accounts for 10-15 per cent of the region's $400-million revenue," said Sorrell, explaining that the internet penetration in the country was still low. However, he was optimistic about the increasing use of internet on mobiles as the next opportunity for growth was here.
Out of the 1.7 billion expected subscribers in BRIC nations, India is likely to have 560 million mobile users, while China is expected to top the chart with 800 million, a report by eMarketers said. India would be followed by Russia with 189 million users and Brazil at 176 million.
He further criticised South Africa's use of the G20 platform to promote "solidarity, equality, and sustainability" to promote "Diversity, Equity, and Inclusion (DEI) and climate change."
If India signs the deal, it would be the second customer of the prized missile system after China which had struck a $3 billion contract last year.
Prime Minister Narendra Modi on Tuesday met Chinese President Xi Jinping in Fortaleza, Brazil and pressed for a solution to the boundary question, saying if the two sides could amicably resolve the vexed issue, it would set an example for the world on peaceful conflict resolution.
The BRIC (Brazil, Russia, India and China) economies will continue to grow significantly even as economic giants across the world are getting affected by the recessionary fears, says a report.
Speaking at a joint press conference with Belarus President Alexander Lukashenko on Thursday, Putin said that Russia agrees with the proposals to cease hostilities but "proceeds from the assumption that this cessation should lead to long-term peace and eliminate the root causes of the crisis."
Addressing the Brazil-Russia-India-China Summit in Brasilia, he said the four countries can benefit by sharing their experiences in the field of inclusive growth.
In the meeting, Doval conveyed to Wang that peace and tranquillity in border areas and respect for the Line of Actual Control are essential for return of normalcy in bilateral ties, according to the ministry of external affairs.
'The group commands 85 per cent of the global GDP, and if you are able to convey your point of view effectively to this group then you have reached more or less all the important players that matter.'
The theme of the Summit is "BRICS Partnership for Global Stability, Security and Prosperity". Prime Minister Dr Manmohan Singh will host President Dilma Rousseff of Brazil, President Dimitry Medvedev of Russia, President Hu Jintao of China and President Jacob Zuma of South Africa at the Summit.
This could become tricky territory for India, given its basically adversarial relationship with China, its moves to block imports and investment from that country, and to deny market access for Chinese technologies, observes T N Ninan.
Donald Trump's tariffs, meant as political punishment, have avoided the predicted chaos, lifting US growth, weakening rivals, and letting him claim victory in a resilient global economy, observes T T Ram Mohan.
The impact of the sell-off on local equity markets was widespread among developing countries, but some were hurt more than others. Russia emerged as the worst performer among the four BRIC nations and saw the highest 72.5 per cent decline in local currency terms during last year.
Russian Foreign Minister Sergey Lavrov said Moscow sees the prospect of making the Security Council more democratic, exclusively, through broadening the representation of countries from Africa, Asia and Latin America.
It was in 2005, India changed its patent law and started granting patents in medicines.
It is time for India to raise its voice not just through military prowess, but through professionalism, principled voting and partnerships, asserts Deepak Mishra.
'The future of BRICS is under stress as Chinese attempts to expand the platform are being resisted by India and Brazil.' 'Beijing is focused on a quick expansion with the aim of giving the platform a distinctly anti-Western orientation, which New Delhi and Brasilia seem to have no interest in,' notes Harsh V Pant.
Shipments of sunflower oil to India have started normalising after imports from war-torn Ukraine resumed beginning September after a gap of four months, leading to further normalisation of supplies. Ukraine has been the largest supplier of sunflower oil to India. However, after the Russia-Ukraine war broke out in February, supplies from Ukraine dwindled as Russia denied it access to the Black Sea ports.
Salary increments in India will touch a five-year high of 9.9 per cent in 2022 as organisations are planning to invest in new-age capabilities to build a resilient workforce amid strong economic recovery and positive business sentiment, a survey said on Wednesday. According to leading global professional services firm Aon's 26th Salary Increase Survey in India, organizations across industries project a 9.9 per cent salary increase in 2022, compared to 9.3 per cent in 2021. The study that analysed data across 1,500 companies from more than 40 industries, noted that the industries with the highest projected salary increases are e-commerce and venture capital, hitech/IT and IT enabled services (ITeS) and life sciences.
The 193-member general assembly voted overwhelmingly on Wednesday to condemn Russia's "illegal so-called referendums in regions within the internationally recognised borders of Ukraine and the attempted illegal annexation of the Donetsk, Kherson, Luhansk, and Zaporizhzhia regions of Ukraine, following the organisation of the above-mentioned referendums".
Prime Minister Manmohan Singh on Saturday embarked on a visit to the United States to attend the Nuclear Security Summit, where he is expected to pitch for firm response to the challenges of proliferation and the possibility of terrorists gaining access to nuclear material. During the eight-day visit, Dr Singh will also travel to Brazil to attend the Brazil-Russia-India-China and India-Brazil-South Africa summits.
Prime Minister Narendra Modi arrived in Berlin for an overnight stopover on his way to Brazil for the Brazil, Russia, India, China and South Africa (BRICS) Summit meeting that will address regional crises and security threats to restore a climate of peace while advancing global economic stability.
Prime Minister Narendra Modi was all smiles on his first international multilateral engagement. At the BRICS summit, Modi talked tough and said that the five countries -- Brazil, Russia, India, China and South Africa --should show no tolerance towards terrorism.
an President Dimitry Medvedev, Chinese President Hu Jintao, Brazil President Dilma Rousseff and South African President Jacob Zuma will participate in the summit hosted by Prime Minister Manmohan Singh.
Chinese President Xi Jinping will attend the 13th BRICS summit to be held on Thursday at the invitation of Prime Minister Narendra Modi, China's foreign ministry announced in Beijing on Wednesday.
While Indian firms performed the best in fighting corruption, Transparency International has slammed Chinese companies for their opaque business practices.
'The two sides should support rather than undermine each other, strengthen cooperation rather than guard against each other, and enhance mutual trust rather than be suspicious of each other'
