Pakistan-based terror groups like the Lashkar-e-Tayiba and the Jaish-e-Mohammed were named on Monday in the Summit declaration of the BRICS countries.
The Brics line-up has yielded to a shaky China-India story, with new question marks over China even as India remains a "B+" performer, says T N Ninan.
India and China have agreed to take measures to further ease the situation at the borders while continuing to implement the October agreement to resolve the standoff in eastern Ladakh comprehensively. The two sides held the 32nd meeting of the Working Mechanism for Consultation & Coordination on China-India Border Affairs (WMCC) in New Delhi, agreeing to maintain communication through diplomatic and military channels and safeguard sustainable peace and stability in the border areas. This meeting follows the October 21 agreement between the two countries to resolve the over four-year-long military standoff in eastern Ladakh.
The report projected that the BRIC economies together could be larger than some of the richest countries today, in terms of US dollar by 2025 and they could account for half the size of G6 countries against 15 per cent at present.
PM stressed that 'response to terrorism must be nothing less than comprehensive'.
'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.'
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.
The 5-nation BRICS group on signed an agreement to create a $100 billion pool of foreign-exchange reserves to help each other.
'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.'
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.
The China threat continues to resonate in the strategic partnership between India and the USA, points out Rup Narayan Das.
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.
The prime minister also said that country nurtures a mindset that loudly proclaims that terrorism is justified for political gains.
'Disengagement is merely the first step in a lengthy process of arriving at a new normal along the LAC in Eastern Ladakh and the entire land boundary.' 'The Indian government should insist on the restoration of the status quo ante in Eastern Ladakh.'
The BRICS also called upon all nations to adopt a comprehensive approach in combating terrorism including countering radicalisation and blocking terror financing sources.
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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'.
The business council aims to give impetus to trade.
External Affairs Minister S Jaishankar on Saturday credited the breakthrough agreement with China on patrolling along the Line of Actual Control to the military which worked in 'very very unimaginable' conditions and deft diplomacy.
'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.'
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.
The Goa declaration didn't refer to Pakistan-based terrorist groups or cross-border terrorism.
BRIC represents the recognition that new perspectives were emerging in the world, that these emerging economies had their own weight and views.
It asked all nations to work together to expedite the adoption of the Comprehensive Convention on International Terrorism in the UN General Assembly without any further delay.
India and China have agreed to work towards a "roadmap" for rebuilding mutual trust following the border standoff in eastern Ladakh, according to a statement from the Indian Defence Ministry. Defence Minister Rajnath Singh met with his Chinese counterpart Dong Jun in Vientiane, Laos, on the sidelines of a regional security conclave. Singh called for drawing lessons from the "unfortunate border clashes" of 2020 and emphasized the need for cooperation rather than conflict. Both sides agreed to work towards a roadmap for rebuilding mutual trust and understanding, and a meeting of the Special Representatives and Secretary-Vice Minister mechanism will also take place soon.
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.
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.
China does not have to give up what it took in 2020, it will never give up its claim to Arunachal Pradesh, Ladakh and other areas, and it has all the time now to plan its next surprise, points out Lieutenant General Prakash Katoch (retd).
NSA Doval is set to travel to Beijing this week to attend the BRICS NSAs meeting scheduled to be held from July 27-28
After visiting two Central Asian countries, Prime Minister Narendra Modi arrived in Ufa on Wednesday on a three-day trip during which he will attend the BRICS and Shanghai Cooperation Organisation summits.
Doval is in Beijing for the 23rd round of the Special Representatives' talks being held after a gap of five years.
The announcement of Modi's visit comes a day after India and China ended their 73-day standoff in Dokalam by withdrawing their troops from the area.
The Summit could look at the possibility of starting credit facility in local currency by the BRICS Bank.
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."
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.
If China is accommodating regarding Depsang and Demchok, a resolution of the Sino-India territorial dispute in Eastern Ladakh could be possible.
Goldman Sachs Investment Bank in a paper in 2003 argued with facts, figures and importantly optimism that the economic potential of BRIC nations is such that they may become among the four most dominant economies by the year 2050. The foreign ministers of BRIC nations will meet in Moscow in Spring 2008 to discuss issues of mutual interest in the international arena. The BRIC countries account for about 40% of the world population & each country has its own unique advantages.
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.
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Prime Minister Narendra Modi arrived in Fortaleza on Monday to attend a summit meeting of the BRICS nations that will address regional crises and security threats to restore a climate of peace while advancing global economic stability.
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.
