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June 11, 2024 8:43 AM

BRICS calls for enhanced use of local currencies in trade between member countries

The BRICS ministers of Foreign Affairs met in Russia's Nizhny Novgorod on Monday and held a plethora of discussions, including an important one on the enhanced use of local currencies in trade and financial transactions between the BRICS countries. At the meeting, the ministers recognized the need for a comprehensive reform of the global financial architecture. "They recalled the paragraph 45 of the Johannesburg II Declaration tasking the Finance Ministers and Central Bank Governors of the BRIC...

June 10, 2024 1:37 PM

BRICS meeting to mark India’s inaugural foreign policy engagement in PM Modi’s third term

The first assignment for India's foreign policy under the historic third consecutive term of Prime Minister Narendra Modi will begin at the meeting of the BRICS (Brazil-Russia-India-China-South Africa) Foreign Ministers beginning in the Russian city of Nizhny Novgorod on Monday (local time). The two-day meeting chaired by Russian Foreign Minister Sergey Lavrov comes ahead of the BRICS Summit slated to be held this October. Last year, S Jaishankar represented India at the BRICS foreign ministeri...

June 10, 2024 1:42 PM

On first day in office as Prime Minister for the third time, PM Modi signs file on Kisan Welfare

Prime Minister Narendra Modi commenced his historic third consecutive term on Monday by authorizing the release of the 17th installment of the PM-KISAN scheme, which aims to benefit 9.3 crore farmers with a disbursement of around Rs 20,000 crores. Arriving at his office in South Block on the first morning after taking oath, PM Modi signed the file pertaining to the flagship scheme's installment for farmers, underscoring his government's commitment to their welfare. After signing the file, PM M...

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