बोरिस जॉनसन को ब्रिटेन का प्रधानमंत्री बनने के आसार
पूर्व ब्रिटिश विदेश मंत्री बोरिस जॉनसन के ब्रिटेन का अगला प्रधानमंत्री बनने की संभावना सबसे ज्यादा है। समाचार पत्र द टाइम्स के एक नए ओपिनियन पोल के मुताबिक, वह एक बैलट में तीन चौथाई वोट जीत सकते हैं।
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants-hindi/20812-2019-07-08-06-13-44
#Borisjohnson #Opinionpoll #Thetimes #Theresa
एयर इंडिया को बेचने के लिए नए प्लान पर विचार
केंद्र सरकार ने कर्ज में डूबी सरकारी एयलाइन कंपनी एयर इंडिया को बेचने के लिए नए सिरे से विचार करना शुरू कर दिया है। नए प्लान के तहत सरकार एयर इंडिया की 100 फीसदी हिस्सेदारी बेच सकती है। हालांकि इस संबंध में आखिरी फैसला मंत्रियों के एक पैनल द्वारा लिया जाना है।
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants-hindi/20811-2019-07-08-06-13-35
#AirIndia #Deepam #Airlinecompany #Policycommission
कम ही टैक्स देते हैं भारत के सुपर-रिच
इस बजट में केंद्र सरकार ने उच्च आय वाले लोगों पर कर देयता को बढ़ाया है। इससे इस वर्ग के लोगों में असंतोष है। इस बीच सरकार ने कहा कि दो करोड़ रुपये ज्यादा सालाना कमाई करने वाले लोगों पर टैक्स बढ़ाने के बावजूद यह कई देशों के मुकाबले काफी कम है
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants-hindi/20810-2019-07-08-06-13-16
#Taxes #Superrich #SouthAfrica #HighNetworthIndividual
Iran reduces commitment in nuclear deal
Iran on 7 July 2019 will announce an increase in uranium enrichment to 5%, a concentration above the limit set by its 2015 nuclear deal, an Iranian official told, in a move signalling a deepening challenge to escalating U.S. sanctions pressure.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/20815-iran-reduces-commitment-in-nuclear-deal
#Iran #nucleardeal #HassanRouhani #Tehran #EmmanuelMacron
First model village built with Indian assistance
A model village built with Indian assistance as part of a housing project meant for war affected people and estate workers was inaugurated in Sri Lanka.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/20814-first-model-village-built-with-indian-assistance
#Firstmodelvillage #SriLanka #CBKumaratunga #culturalaffairs
Greeks vote in 1st parliamentary election
Greeks were voting on 7 July 2019 in the first parliamentary election since their country emerged from three successive international bailouts but still struggles with a crippling nearly decade-long financial crisis.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/20813-greeks-vote-in-1st-parliamentary-election
#Greeks #vote #AlexisTsipras #PrimeMinister #skyrocket
पूर्व ब्रिटिश विदेश मंत्री बोरिस जॉनसन के ब्रिटेन का अगला प्रधानमंत्री बनने की संभावना सबसे ज्यादा है। समाचार पत्र द टाइम्स के एक नए ओपिनियन पोल के मुताबिक, वह एक बैलट में तीन चौथाई वोट जीत सकते हैं।
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants-hindi/20812-2019-07-08-06-13-44
#Borisjohnson #Opinionpoll #Thetimes #Theresa
एयर इंडिया को बेचने के लिए नए प्लान पर विचार
केंद्र सरकार ने कर्ज में डूबी सरकारी एयलाइन कंपनी एयर इंडिया को बेचने के लिए नए सिरे से विचार करना शुरू कर दिया है। नए प्लान के तहत सरकार एयर इंडिया की 100 फीसदी हिस्सेदारी बेच सकती है। हालांकि इस संबंध में आखिरी फैसला मंत्रियों के एक पैनल द्वारा लिया जाना है।
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants-hindi/20811-2019-07-08-06-13-35
#AirIndia #Deepam #Airlinecompany #Policycommission
कम ही टैक्स देते हैं भारत के सुपर-रिच
इस बजट में केंद्र सरकार ने उच्च आय वाले लोगों पर कर देयता को बढ़ाया है। इससे इस वर्ग के लोगों में असंतोष है। इस बीच सरकार ने कहा कि दो करोड़ रुपये ज्यादा सालाना कमाई करने वाले लोगों पर टैक्स बढ़ाने के बावजूद यह कई देशों के मुकाबले काफी कम है
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants-hindi/20810-2019-07-08-06-13-16
#Taxes #Superrich #SouthAfrica #HighNetworthIndividual
Iran reduces commitment in nuclear deal
Iran on 7 July 2019 will announce an increase in uranium enrichment to 5%, a concentration above the limit set by its 2015 nuclear deal, an Iranian official told, in a move signalling a deepening challenge to escalating U.S. sanctions pressure.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/20815-iran-reduces-commitment-in-nuclear-deal
#Iran #nucleardeal #HassanRouhani #Tehran #EmmanuelMacron
First model village built with Indian assistance
A model village built with Indian assistance as part of a housing project meant for war affected people and estate workers was inaugurated in Sri Lanka.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/20814-first-model-village-built-with-indian-assistance
#Firstmodelvillage #SriLanka #CBKumaratunga #culturalaffairs
Greeks vote in 1st parliamentary election
Greeks were voting on 7 July 2019 in the first parliamentary election since their country emerged from three successive international bailouts but still struggles with a crippling nearly decade-long financial crisis.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/20813-greeks-vote-in-1st-parliamentary-election
#Greeks #vote #AlexisTsipras #PrimeMinister #skyrocket
Ksgindia
बोरिस जॉनसन को ब्रिटेन का प्रधानमंत्री बनने के आसार - KSG India | Khan Study Group
KSG India - Khan Study Group - India's Best IAS Coaching Center for General Studies and CSAT in Delhi, Jaipur, Bhopal, Indore, Patna and Bengaluru.
Pact signed with NLFT
The Centre signed on 10 August 2019 a pact with an insurgent group of Tripura under which it has agreed to lay down arms and join the mainstream.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/21195-pact-signed-with-nlft
#NLFT #Tripura #MoS #NLFT-SD #SabirKumarDebbarma
Kajin Sara lake
A newly-discovered lake in Nepal is likely to set a new record of being the world’s highest lake replacing Tilicho, which is situated at an altitude of 4,919 metres in the Himalayan nation and currently holding the title.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/21194-kajin-sara-lake
#KajinSaralake #Himalayannation #Tilicho #Nepal
Linked back-series of GDP
The government has come out with a linked back-series of India’s growth numbers from 1950-51 to 2003-04, with 2011-12 as the base year, to align gross domestic product numbers from past years with the new internationally accepted methodology and facilitate comparisons.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/21193-linked-back-series-of-gdp
#Linkedbackseries #GDP #CSO #Linkedback
Henley Passport Index
The "strength" of the Indian passport — countries it has visa-free access to — has weakened in the last decade, according to the annual Henley Passport Index.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/21192-henley-passport-index
#HenleyPassportIndex #SouthAfrica #BRICS #passport
The Centre signed on 10 August 2019 a pact with an insurgent group of Tripura under which it has agreed to lay down arms and join the mainstream.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/21195-pact-signed-with-nlft
#NLFT #Tripura #MoS #NLFT-SD #SabirKumarDebbarma
Kajin Sara lake
A newly-discovered lake in Nepal is likely to set a new record of being the world’s highest lake replacing Tilicho, which is situated at an altitude of 4,919 metres in the Himalayan nation and currently holding the title.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/21194-kajin-sara-lake
#KajinSaralake #Himalayannation #Tilicho #Nepal
Linked back-series of GDP
The government has come out with a linked back-series of India’s growth numbers from 1950-51 to 2003-04, with 2011-12 as the base year, to align gross domestic product numbers from past years with the new internationally accepted methodology and facilitate comparisons.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/21193-linked-back-series-of-gdp
#Linkedbackseries #GDP #CSO #Linkedback
Henley Passport Index
The "strength" of the Indian passport — countries it has visa-free access to — has weakened in the last decade, according to the annual Henley Passport Index.
Read More: https://www.ksgindia.com/index.php/study-material/news-for-aspirants/21192-henley-passport-index
#HenleyPassportIndex #SouthAfrica #BRICS #passport
Ksgindia
Pact signed with NLFT - KSG India | Khan Study Group
KSG India - Khan Study Group - India's Best IAS Coaching Center for General Studies and CSAT in Delhi, Jaipur, Bhopal, Indore, Patna and Bengaluru.
Common payment system
Brazil, Russia, India, China and South Africa, a group of major emerging economies known as BRICS, back the idea of developing a common payment system, a Russian official said.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21999-common-payment-system.html
#RDIF #BRICS #G20 #SouthAfrica #India #KirillDmitriev
ICC approves probe for Rohingya
The International Criminal Court approved a full investigation into Myanmar's alleged crimes against the Rohingya, as the southeast Asian nation faced mounting legal pressure worldwide over their fate.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21998-icc-approves-probe-for-rohingya.html
#ICC #Myanmar #ICJ #AungSanSuuKyi #genocide #Rohingya
Rules under insolvency law notified
The government on 15 November 2019 notified rules under the insolvency law to deal with resolution of financial service providers, excluding banks.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21997-rules-under-insolvency-law-notified.html
#insolvency #CIRP #FSPs #Bankruptcy #Rules #FinancialServiceProviders
UNICEF report
India had the second-highest number of deaths of children under the age of five in 2018 due to pneumonia, a curable and preventable disease that claimed the life of one child every 39 seconds globally, according to a new report by the UN.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21996-unicef-report.html
#UNICEF #Nigeria #India #ChildhoodPneumonia #UHC #Pakistan #Congo
Committee for liabilities between J&K, Ladakh
The Centre has constituted a three-member committee for division of assets and liabilities of Jammu and Kashmir between two successor Union territories, which came into existence on October 31.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21995-committee-for-liabilities-between-j-k-ladakh.html
#ICAS #Article370 #AjayKumar #liabilities #Ladakh #AnandSharma
Brazil, Russia, India, China and South Africa, a group of major emerging economies known as BRICS, back the idea of developing a common payment system, a Russian official said.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21999-common-payment-system.html
#RDIF #BRICS #G20 #SouthAfrica #India #KirillDmitriev
ICC approves probe for Rohingya
The International Criminal Court approved a full investigation into Myanmar's alleged crimes against the Rohingya, as the southeast Asian nation faced mounting legal pressure worldwide over their fate.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21998-icc-approves-probe-for-rohingya.html
#ICC #Myanmar #ICJ #AungSanSuuKyi #genocide #Rohingya
Rules under insolvency law notified
The government on 15 November 2019 notified rules under the insolvency law to deal with resolution of financial service providers, excluding banks.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21997-rules-under-insolvency-law-notified.html
#insolvency #CIRP #FSPs #Bankruptcy #Rules #FinancialServiceProviders
UNICEF report
India had the second-highest number of deaths of children under the age of five in 2018 due to pneumonia, a curable and preventable disease that claimed the life of one child every 39 seconds globally, according to a new report by the UN.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21996-unicef-report.html
#UNICEF #Nigeria #India #ChildhoodPneumonia #UHC #Pakistan #Congo
Committee for liabilities between J&K, Ladakh
The Centre has constituted a three-member committee for division of assets and liabilities of Jammu and Kashmir between two successor Union territories, which came into existence on October 31.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/21995-committee-for-liabilities-between-j-k-ladakh.html
#ICAS #Article370 #AjayKumar #liabilities #Ladakh #AnandSharma
Ksgindia
Common payment system | KSG India | Khan Study Group
Brazil, Russia, India, China and South Africa, a group of major emerging economies known as BRICS, back the idea of developing a common payment system, a Russian official said. Russia and its B
First MPC Meet of 2020
The monetary policy committee (MPC) of the Reserve Bank of India decided to hold policy rates at 5.15 percent on 6 February 2020 and maintained its accommodative stance.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22794-first-mpc-meet-of-2020.html
#MPC #CPI #Q3FY20 #GDP #NSC #ChetanGhate
Panel to examine fiscal, debt situation
The Fifteenth Finance Commission (15th FC) will set up a panel later this month to examine the fiscal and debt situation of the Centre and states and present a road map, on the lines of the erstwhile Fiscal Responsibility and Budget Management panel, the Commission’s Chairman N K Singh said on 5 February 2020.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22793-panel-to-examine-fiscal-debt-situation.html
#NKSingh #15thFC #Article293 #FY21 #FRBM #Budget
MAVEN makes surprising discovery
NASA’s ongoing Mars mission through its Mars Atmosphere and Volatile Evolution (MAVEN) spacecraft has made surprising discoveries that scientists believe may help understand the disruptive phenomena on Earth.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22792-maven-makes-surprising-discovery.html
#MAVEN #NASA #aircraft #spacecraft #Earth
India slips in International IP Index
India’s slipped to 40th position on the International Intellectual Property (IP) Index, which analyses the IP climate in 53 global economies, this year, according to a report of the US Chamber of Commerce’s Global Innovation Policy Center.Last year India was ranked at 36th position out of 50 countries.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22791-india-slips-in-international-ip-index.html
#India #International #IP #GIPC #IPR #France
Draft UN resolution on Libya
A UN resolution that would endorse a plan to restore peace to Libya and condemn the recent increase in violence faced opposition on 5 February 2020 from Russia and South Africa.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22790-draft-un-resolution-on-libya.html
#Libya #resolution #SouthAfrica #UN #British
Astronaut lands back on Earth
Koch touched down on 6 February 2020 on the Kazakh steppe after 328 days in space along with Luca Parmitano of the European Space Agency and Alexander Skvortsov of the Russian space agency.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22789-astronaut-lands-back-on-earth.html
#Astronaut #Earth #NASA #ISS #ESA #Kazakh
The monetary policy committee (MPC) of the Reserve Bank of India decided to hold policy rates at 5.15 percent on 6 February 2020 and maintained its accommodative stance.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22794-first-mpc-meet-of-2020.html
#MPC #CPI #Q3FY20 #GDP #NSC #ChetanGhate
Panel to examine fiscal, debt situation
The Fifteenth Finance Commission (15th FC) will set up a panel later this month to examine the fiscal and debt situation of the Centre and states and present a road map, on the lines of the erstwhile Fiscal Responsibility and Budget Management panel, the Commission’s Chairman N K Singh said on 5 February 2020.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22793-panel-to-examine-fiscal-debt-situation.html
#NKSingh #15thFC #Article293 #FY21 #FRBM #Budget
MAVEN makes surprising discovery
NASA’s ongoing Mars mission through its Mars Atmosphere and Volatile Evolution (MAVEN) spacecraft has made surprising discoveries that scientists believe may help understand the disruptive phenomena on Earth.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22792-maven-makes-surprising-discovery.html
#MAVEN #NASA #aircraft #spacecraft #Earth
India slips in International IP Index
India’s slipped to 40th position on the International Intellectual Property (IP) Index, which analyses the IP climate in 53 global economies, this year, according to a report of the US Chamber of Commerce’s Global Innovation Policy Center.Last year India was ranked at 36th position out of 50 countries.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22791-india-slips-in-international-ip-index.html
#India #International #IP #GIPC #IPR #France
Draft UN resolution on Libya
A UN resolution that would endorse a plan to restore peace to Libya and condemn the recent increase in violence faced opposition on 5 February 2020 from Russia and South Africa.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22790-draft-un-resolution-on-libya.html
#Libya #resolution #SouthAfrica #UN #British
Astronaut lands back on Earth
Koch touched down on 6 February 2020 on the Kazakh steppe after 328 days in space along with Luca Parmitano of the European Space Agency and Alexander Skvortsov of the Russian space agency.
Read More: https://www.ksgindia.com/study-material/news-for-aspirants/22789-astronaut-lands-back-on-earth.html
#Astronaut #Earth #NASA #ISS #ESA #Kazakh
Ksgindia
First MPC Meet of 2020 | KSG India | Khan Study Group
The monetary policy committee (MPC) of the Reserve Bank of India decided to hold policy rates at 5. 15 per cent on 6 February 2020 and maintained its accommodative stance. The central bank reiterated
Today's Headlines - 25 August 2023
BRICS currency in BRICS Summit
GS Paper - 2 (International Relations)
Brazil's President called for the BRICS nations to create a common currency for trade and investment between each other, as a means of reducing their vulnerability to dollar exchange rate fluctuations. Luiz Inacio Lula da Silva made the proposal at a BRICS summit in Johannesburg. Officials and economists have pointed out the difficulties involved in such a project, given the economic, political and geographic disparities between Brazil, Russia, India, China and South Africa.
Why does Brazil want a BRICS currency?
Brazil's president doesn't believe nations that don't use the dollar should be forced to trade in the currency, and he has also advocated for a common currency in the Mercosur bloc of South American countries.
A BRICS currency "increases our payment options and reduces our vulnerabilities," he told the summit's opening plenary session.
What do other BRICS Leaders think?
South African officials had said a BRICS currency was not on the agenda for the summit.
In July, India's foreign minister said, "there is no idea of a BRICS currency". Its foreign secretary said before departing for the summit that boosting trade in national currencies would be discussed.
Russian President Vladimir Putin said the gathering, which he attended via videolink, would discuss switching trade between member countries away from the dollar to national currencies.
China has not commented on the idea. President Xi Jinping spoke at the summit of promoting "the reform of the international financial and monetary system".
Is the US Dollar in trouble?
BRICS leaders have said they want to use their national currencies more instead of the dollar, which strengthened sharply last year as the Federal Reserve raised interest rates and Russia invaded Ukraine, making dollar debt and many imports more expensive.
Russia's sanctions-imposed exile from global financial systems last year also fuelled speculation that non-western allies would shift away from the dollar.
The objective, irreversible process of de-dollarisation of our economic ties is gaining momentum, Putin told the summit.
#upsc #news #headline #brics #currency #summit #internationalrelations #bricsnations #investment #ratefluctuations #vulnerability #lunae #economic #political #geographic #disparities #brazil #russia #india #china #southafrica #currency #mercosur #southamerican #leaders #videolink #trade #indiaforeignminister #USDOLLAR #ukraine #globalfinancial #economic
BRICS currency in BRICS Summit
GS Paper - 2 (International Relations)
Brazil's President called for the BRICS nations to create a common currency for trade and investment between each other, as a means of reducing their vulnerability to dollar exchange rate fluctuations. Luiz Inacio Lula da Silva made the proposal at a BRICS summit in Johannesburg. Officials and economists have pointed out the difficulties involved in such a project, given the economic, political and geographic disparities between Brazil, Russia, India, China and South Africa.
Why does Brazil want a BRICS currency?
Brazil's president doesn't believe nations that don't use the dollar should be forced to trade in the currency, and he has also advocated for a common currency in the Mercosur bloc of South American countries.
A BRICS currency "increases our payment options and reduces our vulnerabilities," he told the summit's opening plenary session.
What do other BRICS Leaders think?
South African officials had said a BRICS currency was not on the agenda for the summit.
In July, India's foreign minister said, "there is no idea of a BRICS currency". Its foreign secretary said before departing for the summit that boosting trade in national currencies would be discussed.
Russian President Vladimir Putin said the gathering, which he attended via videolink, would discuss switching trade between member countries away from the dollar to national currencies.
China has not commented on the idea. President Xi Jinping spoke at the summit of promoting "the reform of the international financial and monetary system".
Is the US Dollar in trouble?
BRICS leaders have said they want to use their national currencies more instead of the dollar, which strengthened sharply last year as the Federal Reserve raised interest rates and Russia invaded Ukraine, making dollar debt and many imports more expensive.
Russia's sanctions-imposed exile from global financial systems last year also fuelled speculation that non-western allies would shift away from the dollar.
The objective, irreversible process of de-dollarisation of our economic ties is gaining momentum, Putin told the summit.
#upsc #news #headline #brics #currency #summit #internationalrelations #bricsnations #investment #ratefluctuations #vulnerability #lunae #economic #political #geographic #disparities #brazil #russia #india #china #southafrica #currency #mercosur #southamerican #leaders #videolink #trade #indiaforeignminister #USDOLLAR #ukraine #globalfinancial #economic
Today's Headlines - 26 August 2023
BRICS gets six new members
GS Paper - 2 (International Relations)
The five-member BRICS invited six more countries to join the alliance, in a move which can strengthen its claim of being a ‘voice of the Global South’ on one hand, while raising concerns about China’s increasing dominance on the other. BRICS consists of Brazil, Russia, India, China, and South Africa. In its ongoing summit at Johannesburg, South Africa, it has invited Iran, the United Arab Emirates, Saudi Arabia, Argentina, Egypt, and Ethiopia. Their membership will begin in January.
Why New Members
Adding new members strengthens the group’s heft as a spokesperson of the developing world. BRICS currently represents around 40% of the world’s population and more than a quarter of the world’s GDP.
With the additions, it will represent almost half the world’s population, and will include three of the world’s biggest oil producers, Saudi Arabia, the UAE and Iran.
The rush towards BRICS is driven by two basic impulses: “First, there is considerable anti-US sentiment in the world, and all these countries are looking for a grouping where they can use that sentiment to gather together.
Second, there is a lot of appetite for multipolarity, for a platform where countries of the Global South can express their solidarity.”
The formation of BRICS in 2009 was driven by the idea that the four emerging markets of Brazil, Russia, India, and China would be the future economic powerhouses of the world. South Africa was added a year later.
While the economic performance of BRICS has been mixed, the war in Ukraine — which has brought the West together on the one hand and strengthened the China-Russia partnership on the other — has turned it into an aspiring bloc that can challenge the western geopolitical view, and emerge as a counterweight to Western-led fora like the Group of 7 and the World Bank.
What this means for India
If India’s presence at the recent G7 summit in Hiroshima, where Prime Minister Narendra Modi also participated in an informal Quad summit, was seen as a sign of New Delhi’s US tilt, it continues to attach importance to the “anti-West” BRICS.
India is also part of the Shanghai Cooperation Organisation (SCO), and despite problems, it has relations with Russia, with China.
While China does want BRICS to be an anti-western group, the Indian view is that it is a “non-western” group and should stay that way.
Among the new members, while India looks at all of them as partnerships worth developing, concerns have been raised that the group could become more pro-China and sideline New Delhi’s voice and interests.
#upsc #news #headline #brics #newmembers #internationalrelations #globalsouth #china #brazil #russia #india #southafrica #johannesburg #iran #egypt #ethiopia #world #GDP #population #quarter #economics #ukraine #worldbank #hiroshima #shanghaicooperation #organisation #SCO #NEWDELHI #prochina #interests #developing
BRICS gets six new members
GS Paper - 2 (International Relations)
The five-member BRICS invited six more countries to join the alliance, in a move which can strengthen its claim of being a ‘voice of the Global South’ on one hand, while raising concerns about China’s increasing dominance on the other. BRICS consists of Brazil, Russia, India, China, and South Africa. In its ongoing summit at Johannesburg, South Africa, it has invited Iran, the United Arab Emirates, Saudi Arabia, Argentina, Egypt, and Ethiopia. Their membership will begin in January.
Why New Members
Adding new members strengthens the group’s heft as a spokesperson of the developing world. BRICS currently represents around 40% of the world’s population and more than a quarter of the world’s GDP.
With the additions, it will represent almost half the world’s population, and will include three of the world’s biggest oil producers, Saudi Arabia, the UAE and Iran.
The rush towards BRICS is driven by two basic impulses: “First, there is considerable anti-US sentiment in the world, and all these countries are looking for a grouping where they can use that sentiment to gather together.
Second, there is a lot of appetite for multipolarity, for a platform where countries of the Global South can express their solidarity.”
The formation of BRICS in 2009 was driven by the idea that the four emerging markets of Brazil, Russia, India, and China would be the future economic powerhouses of the world. South Africa was added a year later.
While the economic performance of BRICS has been mixed, the war in Ukraine — which has brought the West together on the one hand and strengthened the China-Russia partnership on the other — has turned it into an aspiring bloc that can challenge the western geopolitical view, and emerge as a counterweight to Western-led fora like the Group of 7 and the World Bank.
What this means for India
If India’s presence at the recent G7 summit in Hiroshima, where Prime Minister Narendra Modi also participated in an informal Quad summit, was seen as a sign of New Delhi’s US tilt, it continues to attach importance to the “anti-West” BRICS.
India is also part of the Shanghai Cooperation Organisation (SCO), and despite problems, it has relations with Russia, with China.
While China does want BRICS to be an anti-western group, the Indian view is that it is a “non-western” group and should stay that way.
Among the new members, while India looks at all of them as partnerships worth developing, concerns have been raised that the group could become more pro-China and sideline New Delhi’s voice and interests.
#upsc #news #headline #brics #newmembers #internationalrelations #globalsouth #china #brazil #russia #india #southafrica #johannesburg #iran #egypt #ethiopia #world #GDP #population #quarter #economics #ukraine #worldbank #hiroshima #shanghaicooperation #organisation #SCO #NEWDELHI #prochina #interests #developing