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Thursday, August 14, 2025
TopicBRICS

Topic: BRICS

China wants to turn BRICS into an anti-G7 grouping. And push yuan instead of common currency

Beijing is targeting to induct countries like Saudi Arabia and Indonesia into BRICS, which are relatively agnostic about Chinese ideas of trade and investment.

BRICS leader to discuss expansion plans in meeting in South Africa

South Africa hosted China's Xi Jinping for a state visit on Tuesday morning ahead of meetings with the grouping's other leaders later in the day.

Can a good acronym give currency to a group that’s lost relevance? The curious case of BRICS today

BRICS is in danger of becoming a vehicle for Chinese diplomatic thrust. This could become tricky territory for India, given its basically adversarial relationship with Beijing.

BRICS nations to meet in South Africa to strategise against Western dominance

The meeting, scheduled from 22 to 24 August, is likely to discuss on 40 new countries including Saudi Arabia, Argentina and Egypt who have shown interest in joining the alliance.

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'.

Need to rid UNSC sanctions regime of ‘double standards’, Doval tells BRICS counterparts

NSA Ajit Doval's remarks in Johannesburg came in backdrop of China blocking India's efforts to list Pakistani/Pakistan-based terrorists under UNSC Consolidated List.

During China visit, Honduras president seeks inclusion in BRISC-led New Development Bank

Castro's office tweeted Friday evening that he met the bank's president Dilma Rousseff in China and presented a formal request to him.

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.

BRICS foreign ministers’ meeting starts in Cape Town today, local currency trade likely on agenda

China may also push its 12-point peace plan for Ukraine at 2-day meeting, which will set stage for 15th BRICS summit in August.

On Camera

Asim Munir wants to be guardian of the Middle East. He’s fated to fail at home

Countering insurgency needs the Pakistan Army to demonstrate a political will that ties leaders at the centre with those in the borderlands. But it may not have the imagination.

Slashing GST on waste can unlock Rs 1.8 lakh crore, high tax hurting circular economy goals—CSE

Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.

India, US troops to undertake joint military exercise next month, first after Op Sindoor

21st edition of annual joint military exercise will be held from 1 to 16 September, aimed at sharing military tech, operational best practices & disaster relief coordination methods.

Modi’s ready to risk it all for farmers. Farm reform can answer Trump with new Green Revolution

Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.