Brics News
India calls for end to export controls among BRICS nations
The dismantling of export controls among BRICS nations would strengthen intra-bloc trade and promote greater solidarity within the Global South, the ministry of commerce & industry said on Friday.
2 min read23 May 2025Madan Sabnavis: There is no alternative to the US dollar as the world’s anchor currency
The US froze Russia’s dollar assets in 2022 and stunned global holders of US bonds as forex reserves. But the world is stuck with dollar dominance as no other currency can take over its role.
5 min read19 Feb 2025De-dollarization debate: The US-led West should rethink its dollar diplomacy
Geopolitics made BIS give up on the mBridge project. Western policymakers should match the enthusiasm of Brics leaders for currency digitization and take steps to regulate digital dollars, publicly or privately issued.
4 min read11 Dec 2024India to work with rest of Brics countries to further ease trade
In recent months, economists in the Indian government had underscored the need for attracting FDI from China to boost India’s manufacturing sector.
3 min read10 Dec 2024Mint Quick Edit | De-dollarization: Trump should target crypto, not Brics
The US President-elect has held out the threat of 100% tariffs against Brics members if they try to replace the dollar as the global trade currency. Perhaps crypto, especially Bitcoin, is the dollar’s real threat.
1 min read2 Dec 2024‘Go find another sucker’: Donald Trump vows 100% tariff on India, China and others BRIC countries, if...
Over the past few years a few of its member countries, in particular Russia and China, are seeking an alternative to the US Dollar or create own BRICS currency. India has so far not been part of the move.
1 min read1 Dec 2024The idea of a Brics currency is looking like a charade
The group’s plans to challenge the supremacy of the US dollar did not get far at its recent summit in Russia, even if polite noises were made. This failure to make headway should not surprise anyone.
1 min read20 Nov 2024Venezuela Ratchets Up Rhetoric Against Brazil Over BRICS Veto
Relations between Venezuela and Brazil are deteriorating quickly after Nicolas Maduro’s hopes of joining the BRICS bloc of emerging market countries were dashed by his neighbor.
2 min read31 Oct 2024Mint Primer | What the border pact means for India and China
It is a first step towards rebuilding their relationship which took a beating following the border clash at Galwan in June 2020.
2 min read24 Oct 2024Mint Quick Edit | All eyes are on the BRICS summit in Russia this week
It’ll have more than 20 heads of state in attendance, including those of China and Iran. Will de-dollarization plans move ahead? The US will be watching, as will we, with a meeting between PM Narendra Modi and China’s Xi Jinping expected to be the summit’s highlight.
1 min read23 Oct 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared