Brics is a grouping of Brazil, Russia, India, China and South Africa, which has recently expanded to include Egypt, Ethiopia, Saudi Arabia, Iran and the United Arab Emirates. It is, therefore, a unique assemblage of several major emerging economies and representative of the Global South. This geopolitical context is important. The value of Brics as a leading group of the Global South would diminish if its two most consequential countries—India and China—were not on talking terms.
We have seen this story before. Relations between the two countries plummeted after an ugly standoff between their troops at the strategically important but contested tri-junction of the borders of India, Bhutan, and China at Doklam in June 2017. This was resolved a couple of weeks later, clearing the decks for Mr Modi's visit to China for the annual Brics summit.
Denne historien er fra October 26, 2024-utgaven av Business Standard.
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Denne historien er fra October 26, 2024-utgaven av Business Standard.
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CESS AND SENSIBILITY
Southern states say cess and surcharge eat into their share of resources, urge 16th Finance Commission to consider contribution to national economy
India's transport future balances fossil fuels and clean tech
Fossil fuels will continue to play an important role in India's transportation sector, even as alternative fuel technologies see multifold growth.
Over 6K pollution plaints in Delhi since Oct 2021; 38% still unresolved: CPCB
Delhi registered 6,170 complaints related to air pollution between October 15, 2021 and November 19, 2024, with 2,333 (38 per cent) of these remaining unresolved, according to data from the Central Pollution Control Board (CPCB).
Indians see wallets drain by ₹485 crore in 'UPI scams' in FY25
Over 600,000 incidents of fraud have been reported in the ongoing financial year till September
Future of television is smart and networked
The smart TV market has been stagnant. Is Dor the disruption it needs?
Centre spent ₹3,623 crore on crop residue mgmt since 2018: Environment minister
Since 2018, the Centre has spent ₹3,623.45 crore on crop residue management in Delhi, Punjab, Haryana, and Uttar Pradesh, with ₹1,681.45 crore allocated to Punjab, the highest among the states, Union Minister of State for Environment, Forest and Climate Change Kirti Vardhan Singh said in the Lok Sabha.
Silver prices as volatile as stocks: Should you pick gold or silver?
A Motilal Oswal Private Wealth (MOPW) report released on November 25 shows that between 1990 and October 2024, silver's price has been just as volatile as Indian stocks.
Tech stocks gain as recovery takes hold
Nifty IT index hits all-time high as IT outlook turns positive
Adani group stocks settle in red
UNDER PRESSURE
Enviro Infra booked 89.9 times on last day
The initial public offering (IPO) of sewage treatment solutions provider Enviro Infra Engineers was subscribed 89.90 times on the closing day of bidding on Tuesday.