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.
Iran's foreign minister has announced that a prisoner swap deal with France is close to being finalized. The agreement would secure the release of Iranian nationals imprisoned in France and allow for the return of French citizens detained in Iran. This development comes as Germany announces its support for a French-led effort to establish a two-state solution in the Middle East.
Qatar's prime minister has accused Israeli Prime Minister Benjamin Netanyahu of destroying months of mediation efforts to secure a ceasefire deal and free remaining hostages in Gaza. With the lives of 20 hostages at risk, Qatar had been working with the US and Egypt to broker a deal, but Tuesday's attack on Hamas' leadership in Doha has killed any hope for a resolution. Despite Trump's promises that such an attack will not be repeated, Netanyahu continues to threaten Qatar, accusing them of harboring terrorists and vowing to take action if they don't comply.
In a shocking development, Israel has launched an attack on Hamas leaders in the Qatari capital, Doha, resulting in the deaths of six people. The Qatari government has condemned the attack as "state terrorism" and has raised questions about Israel's true intentions in the region. The attack ruptures the delicate ceasefire negotiations in Gaza, where Qatar has been acting as a mediator. This latest incident highlights the increasing involvement of Qatar in the volatile conflicts in the Middle East.
Israel's strikes on Yemen's capital come amidst warnings from their defence minister and public disapproval from Donald Trump following their attack on Doha. As the Middle East watches the tense situation unfold, Qatar struggles to recover from the unprecedented assault on their sovereign territory. A senior Qatari government member expresses anger and concern over the US's delayed warning of the attack, further complicating the already tense relations in the region.
Amid ongoing protests and the resignation of Prime Minister KP Sharma Oli, Nepal has appointed former Chief Justice Sushila Karki as the country's interim head. The death toll in the protests has risen to 25, with hundreds more injured. As the Nepali Army takes over security responsibilities, flights have resumed at the international airport and authorities are cautioning against the spread of misinformation on social media.
After two days of violent protests, Nepal Army Chief General Ashok Raj Sigdel successfully persuaded former Chief Justice Sushila Karki to become the interim Chief Executive of the country. This comes after the Gen Z protests and other groups reached a consensus with political parties to restore normalcy and form an interim government. The Nepal Army, for the first time, has stepped in to quell the chaos and bring diverse political forces together for dialogue.
Days of deadly protests in Nepal have led to the overthrow of KP Sharma Oli's government and the appointment of Sushila Karki as interim prime minister. Karki, the former chief justice, has expressed positivity towards India and its people, citing personal ties from her time studying in India. She assures the safety of Indians in Nepal and promises justice for those affected by the recent violence. Meanwhile, Nepalese troops are working to restore order and bring the country back to normalcy.
In a fiery speech at the 60th Session of the UN Human Rights Council, Indian diplomat Kshitij Tyagi slammed Switzerland for its "shallow and ill-informed remarks" on India's state of press and minorities. Tyagi called on Switzerland, as the current chair of the UNHRC, to focus on tackling its own challenges such as racism and xenophobia instead of pointing fingers at India. He also delivered a sharp rebuttal to Pakistan, labelling it as a "failed state" addicted to propaganda and terror. India, Tyagi underscored, will continue to protect its citizens and defend its sovereignty with unwavering resolve.
Protests against corruption in Kathmandu, Nepal took a destructive turn as the iconic Hilton Hotel was set on fire, leaving behind a charred skeleton of its once grand glass facade. The protests also included attacks on government buildings and political leaders' residences, causing chaos throughout the city. The destruction of the Hilton Hotel is significant as it represents Nepal's aspirations for growth in the hospitality industry, with social media users expressing fear for the country's future.
Indian fruit traders have united to boycott Turkish goods, particularly apples, as a show of solidarity with their armed forces. The move comes after Turkey's open support for Pakistan in the ongoing regional tensions between India and its neighbor. The Swadeshi Jagran Manch, a prominent nationalist organization, has also joined the call for broader economic sanctions against Turkey, citing the country's military partnership with Pakistan as a threat to India's sovereignty. The organization also reminded Turkey of India's assistance during a devastating earthquake in 2023, calling for citizens to prioritize self-reliance and boycott Turkish products and cultural exports.