India will take over chairmanship of BRICS+ grouping in 2026, against the backdrop of the United States’ ‘protectionism’ threatening to upend decades of multilateral consensus.
If India is admitting new members in BRICS with caution, it's likely because the Shanghai Cooperation Organisation is often perceived as China-centric.
Deputy chief of mission at Russian embassy in India Roman Babushkin says BRICS members 'have been taking steps to switch to settlements in national currencies for quite some time now'.
USD has been the world’s reserve currency for over 75 years, but many nations are now seeking to trade in local currencies to reduce costs, avoid sanctions & reshape global financial system.
In tactical terms, the shirtless protest was worse than a self-goal. Suddenly, the fiascos of the AI Summit were forgotten, and the Youth Congress’s disruption became the issue.
IAF is fine with accepting the aircraft with 'must-haves', even if some other steps remain pending, which may take at least another year, it is learnt.
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