BRICS members News
The development bank set up by the BRICS group of emerging economies will ramp up lending to $2.5 billion next year after making its first loans to back green projects, its president KV Kamath told Reuters.
Chinese President Xi Jinping will visit Cambodia and Bangladesh and attend the eighth BRICS summit in India from October 13 to 17, it was announced on Monday.
The meeting deliberated on security issues such as counter-terrorism, cyber security and energy security, MEA spokesperson Vikas Swarup said.
Non-tariff barriers, ways to promote services sector and cooperation in intellectual property rights (IPRs) are the key issues to be discussed in the meeting of trade ministers of BRICS on October 13 here.
India has said it has begun the internal process to set up the USD-100 billion New Development Bank (NDB) aimed at funding projects in developing nation, and hoped other BRICS members would also finalise the instruments of ratification at the earliest.
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