Prime Minister Narendra Modi's two-day visit to Russia for the BRICS Summit 2024 has kicked off with several bilateral summits discussing key issues such as India-Russia ties, the war in Ukraine, and conflicts with Iran and Israel. The summit, with the theme of 'Strengthening Multilateralism,' will see discussions on global issues and includes new member nations - Iran, Egypt, Ethiopia, and the United Arab Emirates. As major emerging economies, the BRICS group comprises 41% of the world population and 24% of the world GDP, making it an important platform for discussions on global development and security.
BRICS: A Global Force for Collaboration and Development
The BRICS group, comprising Brazil, Russia, India, China, and South Africa, is an influential intergovernmental forum that has gained significant prominence in recent years. The acronym "BRICS" was first coined by Jim O'Neill, a former Goldman Sachs economist, in 2001, who recognized the potential of these emerging economies to reshape the global economic landscape.
Initially, the BRICS group consisted of Brazil, Russia, India, and China. South Africa joined in 2010, expanding the forum's reach and influence. The BRICS countries share a common goal of fostering economic growth, promoting international cooperation, and reforming global economic institutions to reflect the changing world order.
BRICS Summit 2024 and India's Role
The BRICS Summit 2024, held in Moscow, Russia, is set to be a significant event in the history of the group. With the theme "Strengthening Multilateralism," the summit will focus on key global issues such as sustainable development, climate change, international trade, and security.
Prime Minister Narendra Modi's participation in the summit highlights India's growing role within BRICS. India has been an active member of the group, contributing to discussions on various issues and leading initiatives in areas such as infrastructure development and financial inclusion. India's engagement with BRICS is expected to further strengthen its position as a global economic and diplomatic power.
BRICS: A Platform for Global Governance
As a major emerging economies, the BRICS countries represent a large portion of the world population and contribute significantly to global economic growth. The group provides a platform for these countries to coordinate their policies, pool their resources, and work together to address common challenges.
BRICS has established several mechanisms to promote cooperation, including the BRICS New Development Bank, the BRICS Business Council, and the BRICS Parliamentary Forum. These institutions facilitate economic, financial, and political dialogue among the member countries, helping them to shape the global agenda and contribute to a more equitable and sustainable world order.
Top 5 FAQs and Answers
1. What is the significance of the BRICS group? BRICS is an important platform for emerging economies to collaborate on global economic and political issues, fostering economic growth, promoting international cooperation, and reforming global economic institutions.
2. What are the key objectives of the BRICS Summit 2024? The summit aims to strengthen multilateralism, address global issues such as sustainable development, climate change, international trade, and security, and discuss the expansion of BRICS membership.
3. What is India's role within BRICS? India is an active member of BRICS, contributing to discussions and leading initiatives in areas such as infrastructure development and financial inclusion. India's engagement with BRICS strengthens its position as a global economic and diplomatic power.
4. What are the mechanisms established by BRICS to promote cooperation? BRICS has established the BRICS New Development Bank, the BRICS Business Council, and the BRICS Parliamentary Forum to facilitate economic, financial, and political dialogue among the member countries.
5. What is the potential impact of BRICS on the global economy? The BRICS countries represent a significant portion of the world population and contribute substantially to global economic growth. BRICS' cooperation and coordination can influence global economic policies, trade patterns, and the development of international financial institutions.
In a surprising turn of events, Kenyan President William Ruto has cancelled two major deals with India's Adani Group after its founder was indicted in the US for corruption. The deals, worth nearly $2 billion, included a 30-year lease for control of the country's main airport and a partnership to construct power transmission lines. Ruto cited "new information" from investigative agencies and partner nations as the reason for the cancellation, drawing thunderous applause from lawmakers in his state of the nation address. The move has sparked concerns about transparency and value for money in these deals, which have faced criticism from politicians and the public.
The Melanesian Spearhead Group Security Strategic Working Group, comprising representatives from all MSG member states, has successfully completed their sixth workshop meeting in Honiara last week. They have discussed the outcomes of their consultations with NGOs and CSOs in each member country, and agreed on the next steps to finalize the MSG Peace and Security Strategy. This is seen as a significant step for the sub-region in facing common threats, and the finalized report will be tabled at the upcoming Police Commissioner's and Police Minister's Meeting in Indonesia next year.
A video claiming to show Indian and Chinese armed forces chanting ‘Jai Shri Ram’ amid the recent disengagement at the Line of Actual Control in Ladakh has been circulating on social media. However, the truth is that the video is not recent and has been on the internet since January 2024. It was originally shared as footage of Indian Army personnel chanting the slogan after the consecration of the idol of Hindu deity Ram at Ayodhya’s Ram Mandir. A keyword search led to several news reports from January 2024, clarifying that the video is not recent and its authenticity has not been verified.
A group of foreign tourists in Vang Vieng, Laos fell ill after a night out on November 12th, possibly from drinking tainted alcohol. As of now, five deaths have been confirmed, including a British lawyer identified as Simone White and a young Australian woman. The Australian Prime Minister has expressed his condolences for the tragic loss of Bianca Jones and hopes for the recovery of her friend, Holly Bowles. Western government officials are supporting the families of the victims and urging caution for travelers in the popular backpacking destination.
Laishram Herojit, a low-level government worker, has appealed for the safe return of his family who went missing after an encounter between suspected Kuki insurgents and security forces in Manipur. Two women, including Herojit's wife, and an eight-year-old child are among the six people who went missing. Herojit has called for the release of his innocent family and has appealed to any group that may be holding them hostage to return them unharmed. He recalls getting a call from his wife during the violence, which later got disconnected, and a Bengali friend later informed him that they were taken away in a boat.
The International Criminal Court issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu, his former Defence Minister, and two Hamas officials for war crimes and crimes against humanity. Despite rejection from Mr. Netanyahu's office, the court's decision highlights international concern over the 13-month war in Gaza and the 2023 attack on Israel. While the warrants may limit the suspects' movements, the practical implications are limited as Israel and the US are not members of the court.
Guyana's President Dr. Irfaan Ali, in a ceremony at the State House, conferred upon Prime Minister Narendra Modi the country's highest civilian honour, the 'Order of Excellence'. Modi, who is on a three-nation tour, expressed his gratitude and dedicated the honour to India's 1.4 billion people. This recognition is a testament to India's strong commitment towards deepening friendship with Guyana and demonstrates the country's unbiased approach towards international relations.
As the first Indian Prime Minister to visit Guyana in 56 years, PM Modi's arrival marks a momentous occasion for the community. The Indian diaspora, which makes up over 40% of Guyana's population, eagerly awaits the world leader and shanti-doot who strives to unite the world and propel India into its golden age. PM Modi's visit marks a significant moment for the Indian community, deeply rooted in their traditions and eagerly showcasing their vibrant culture to welcome the Prime Minister. During this visit, PM Modi will also co-chair the second India-CARICOM Summit with the Prime Minister of Grenada, highlighting the importance of regional collaboration.
In a move to slow Russian advances in Ukraine, US President Joe Biden has approved the provision of anti-personnel mines to the Ukrainian military. This comes as reports state that North Korean troops have joined Russian marines and airborne units in battles throughout the country. The addition of anti-personnel mines marks a new level of assistance from the US in the ongoing conflict, with the mines being more deadly and longer-lasting than the previously provided anti-tank mines. Meanwhile, Ukraine's air defence units are actively working to repel a Russian air attack on the capital city of Kyiv.
Dmitry Medvedev, an ally of Russian President Vladimir Putin, has issued a warning about the start of World War Three due to a recent US decision allowing Ukraine to launch missiles into Russian territory. In response, Putin has signed a new decree giving Russia more flexibility in responding with nuclear weapons. Medvedev has accused the US of deliberately creating an escalation for former President Donald Trump's administration and claims Russia now has the right to launch a retaliatory strike against Ukraine and NATO facilities, which would mark the start of WWIII.