Scribd Logo
Upload

Welcome to Scribd!

  • 12 views

    Daliy Fact - TNPSC Exam 08-Sep-2016

    Uploaded by

    Vetrii IAS Academy
    Daliy Fact- TNPSC Exam 08-Sep-2016: BRICS – Brazil Russia India China South Africa - It is a group of emerging economics. By Vetrii IAS Academy, Chennai

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Daliy Fact - TNPSC Exam 08-Sep-2016

    Uploaded by

    Vetrii IAS Academy
    12 views1 page
    Daliy Fact- TNPSC Exam 08-Sep-2016: BRICS – Brazil Russia India China South Africa - It is a group of emerging economics. By Vetrii IAS Academy, Chennai

    Original Title

    Daliy Fact- TNPSC Exam 08-Sep-2016

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Daliy Fact- TNPSC Exam 08-Sep-2016: BRICS – Brazil Russia India China South Africa - It is a group of emerging economics. By Vetrii IAS Academy, Chennai

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    12 views1 page

    Daliy Fact - TNPSC Exam 08-Sep-2016

    Uploaded by

    Vetrii IAS Academy
    Daliy Fact- TNPSC Exam 08-Sep-2016: BRICS – Brazil Russia India China South Africa - It is a group of emerging economics. By Vetrii IAS Academy, Chennai

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    BRICS Brazil Russia India

    ndia China South Africa


    It is a group of emerging economics.
    Comparison with world,
    On Population 43%

    On World GDP 37%

    Share on World Trade 17%

    Acronym BRIC was first used in 2001 by chairmen of Goldman Sachs Asset Management, Jim O'Neill

    South Africa became member of BRIC on December 24, 2010 to form BRICS.

    Bilateral relation among BRICS is based on non-interference,


    non interference, equality and mutual benefit.

    BRICS Summits :

    Summit
    1

    Date
    16-June-2009

    16-April-2010

    Place

    Objective

    Yekaterinburg,

    Consensus on improving the global economic situation and

    Russia

    reforming financial institution

    Brasilia, Brazil

    Issues on the Iran and nuclear weapons, development, the


    furtherance of the BRIC as an international body, reform of
    financial institutions, and cooperation and issues related to
    global governance.

    14-April-2011

    Sanya, China

    Economics, anti-terror
    terror law under UN, United Nations Security
    Council reform, decision to cease mutual trade payments in U.S.
    dollars.

    29 March 2012

    New Delhi, India

    Proposal to create BRICS development bank.


    bank
    BRICS Partnership for Global Stability, Security and Prosperity.

    2627 March 2013

    Durban, South

    Partnership for Development, Integration and Industrialisation.

    Africa
    6

    1416 July 2014

    Fortaleza, Brazil

    BRICS New Development Bank and BRICS Contingent Reserve


    Arrangement agreements signed.

    89 July 2015

    Ufa, Russia

    SCO EEU join summit

    8th summit is to be held at Goa, India on October 15-16,


    15
    2016.

    BRICS Bank
    

    New Development Bank - initial capital of $50 billion and raised to $100 billion.
    

    The five members will have an equal share for each in the bank.

    Headquarters Shanghai
    

    K.V. Kamath from India will assume the first presidency of the bank.

    Chairman of Board of governance will be Russian

    The emergency reserve fund aka

    "Contingency Reserve Arrangement" will also have $100bn.

    You might also like