Search Result for : Brics Business Forum

The Dollar Business Bureau  The Cabinet on Wednesday approved a memorandum of understanding (MoU) signed between India and BRICS nations for setting up of BRICS Agriculture Research Platform (BRICS-ARP).  “The Union Cabinet chaired by Prime Minister Narendra Modi has given its ex-post facto approval for an MoU signed among India and various BRICS countries for establishment of the BRICS Agriculture Research Platform (BRICS-ARP),” said an official release.  On October 16, 2016, an MoU for the establishment of agriculture research platform (ARP) was inked by the foreign ministers of the member-countries at the eighth BRICS Summit held in Goa, it said.   “The Centre will promote sustainable agricultural development and poverty alleviation through strategic cooperation in agriculture to provide food security in the BRICS member ...

The Dollar Business Bureau Commerce and Industry Minister Nirmala Sitharaman reached Shanghai on Monday for attending the two-day meeting of trade ministers of BRICS (Brazil, Russia, India, China, South Africa), starting on Tuesday. During the meeting, it is expected that Sitharaman would raise concerns over the increasing trade deficit of India with its neighbour China. The seventh meeting of five-nation bloc – BRICS, will discuss on expanding cooperation in e-commerce in the forthcoming annual meeting, the Ministry of Commerce (MOC) of China said. Cooperation in e-commerce such as in the fields of payments and logistics, is fast emerging among the BRICS members, with several products of the member-nations gaining traction in China, said Zhang Shaogang, Director at Department of International Trade and Economic Affairs with China’s MOC. “Economic and technological ...

The Dollar Business Bureau The sixth meeting on Agriculture and Agrarian Development of the grouping of BRICS (Brazil, Russia, India, China and South Africa) begins on September 22 in New Delhi. An official level meeting will also be followed by the ministerial meeting on the next day, said a statement from the Agriculture Ministry. The Ministry of Agriculture and Farmers' Welfare will host the two-day conference. The discussions will be centred on five key areas of cooperation, mentioned in the BRICS Action Plan 2012-2016, it added. The cooperation areas include strategy to ensure food access for the most vulnerable population, setting up of basic agricultural information exchange system, cutting down the negative impact of climate change on food security and adaptation ...

The Dollar Business Bureau The New Development Bank (NDB), also referred as the BRICS Development Bank will issue its first yuan-denominated bonds, said a senior official of the bank. The Shanghai-headquartered bank, founded by the BRICS members (Brazil, Russia, India, China and South Africa), is looking at future funding for infrastructure projects. The decision to issue its first bond in Chinese currency shouldn't come as a surprise, especially since the bank itself is headquartered in China, plus the country currently holds the largest foreign currency reserves. NDB’s President K V Kamath, during the recent BRICS Summit held in Ufa, Russia in April this year, had recommended that the first trenches of bonds should be issued in local currency, in order to protect the BRICS ...

Source: PTI A business forum of BRICS nations will be held here for the first time next month to provide opportunities for greater economic collaboration between the countries of the five-member grouping. The forum - initiated and supported by embassies and consulates of Brazil, Russia, India, China and South Africa - will be held on September 9 at Dubai Multi Commodities Centre. “We believe that meeting and discussing are central to economic and cultural growth and development, which is why we are pleased to present this platform for networking to all of the participants involved,” said Igor Egorov, Chairman of the Dubai-based Russian Business Council (RBC). “BRICS forum will serve as a platform to unveil a roadmap for the development of ...