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Monday, May 6, 2024
TopicBRICS currency

Topic: BRICS currency

BRICS summit has built a bigger club. But new members won’t be just bricks in the wall

If India is admitting new members in BRICS with caution, it's likely because the Shanghai Cooperation Organisation is often perceived as China-centric.

New payments infrastructure a priority for BRICS, Russian diplomat says at India Foundation roundtable

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'.

Why are African countries, others pushing for ‘de-dollarisation’ — trade in currency other than the USD

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.

BRICS foreign ministers call for more local currency trade, ‘appreciate’ Ukraine peace plans

Counter-terrorism, energy security, climate change & Sudan situation also among topics discussed in joint statement after 2-day meeting in Cape Town.

A BRICS currency can weaken US hold over emerging economies. India needs to decide its role

Before de-dollarisation of BRICS can occur, India must secure a place in IMF's basket of world currencies, where Chinese Renminbi is already included.

On Camera

Air India reduces baggage allowance by 5-15 kg, bringing it in line with rest of industry

Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.

China builds road through Shaksgam Valley, India registers protest

New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.