In the 2023 BRICS Summit, Brazilian President Luiz Inacio Lula de Silva pitched a proposal to study the feasibility of a new common currency. However, India has made it clear that it is not against the Dollar.
Chinese President Xi Jinping and Prime Minister Narendra Modi used a BRICS summit in Russia on Wednesday to showcase ambitions for a more harmonious relationship between the world's two most populous countries after years of animosity.
"Because there was another club, it was called the G7 and you wouldn't let anybody else into that club, so we said we'd go and form our own club. As it started, it gained a life of its own over the period of time. Others saw value in it as well," said Jaishankar.
Ajit Doval, National Security Advisor (NSA), attended the BRICS NSAs' meeting in Russia's Saint Petersburg city on Wednesday. The "spymaster" highlighted the soaring terrorism and stressed addressing it through joint efforts within the BRICS framework.
Doval's visit to Moscow comes after Prime Minister Narendra Modi's visit to both Russia and Ukraine in the past two months. During his visit, PM Modi met Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy.
Pakistan's diplomat has declared that Islamabad has already applied for membership to join BRICS and added it wants to join the group under Russian chairmanship, in 2024.
It is expected that world leaders will emphasise limiting the dominance of the United States in both shaping the economy and the world order. As of now, America monopolises the world order, where it retains itself in the top position and then Europe-- overlooking China's position.
China's gross domestic product (GDP) grew 5.5 per cent year-on-year in the first half (H1) of 2023, the country's National Bureau of Statistics (NBS) said in June.
Since South Africa is a signatory of the ICC, it has to arrest the Russian leader if he lands on the soil of Johannesburg. However, as per the current global setting, it was unlikely that African nations would take any "risk" of arresting Putin.
The BRICS nations underlined the need for using local currencies in international trade and financial transactions.
BRICS summit: The theme of this year's BRICS summit is 'Foster High-quality BRICS Partnership, Usher in a New Era for Global Development'.
The Environment Ministers adopted the New Delhi Statement on Environment, which is aimed at furthering spirit of Cooperation for Continuity, Consolidation and Consensus in Environment among BRICS Nations.
Indian Prime Minister Narendra Modi hosted a state dinner for government leaders and other officials who had arrived in the coastal state of Goa to attend a meeting of the five BRICS emerging market countries.
Geneva: India along with BRICS countries today voted in support of a UN Human Rights Council resolution to launch a probe into Israel's offensive on Gaza.India joined Brazil, Russia, China and South Africa to vote
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