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  Victory for India, BRICS summit clears a new development bank

  World | Jul 16, 2014, 12:50 PM IST

  Fortaleza: In a major victory for India, the BRICS Summit tonight decided to establish the new development bank with an initial authorized capital of USD 100 billion for which the initial subscribed capital will be

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  BRICS nations commit to refrain from protectionist measures

  World | Jul 15, 2014, 01:59 PM IST

  Fortaleza (Brazil): BRICS nations, including India, today expressed commitment to refrain from taking any protectionist measures and improve policy coordination to enhance trade and investment. “They (BRICS trade ministers) reaffirmed their commitment to refrain from