1st meeting of BRICS Working Group on Energy Saving and Energy Efficiency begins in Visakhapatnam

July 4, 2016 The first meeting of the BRICS Working Group on Energy Saving and Energy Efficiency began in Visakhapatnam, Andhra Pradesh. The two day conference will be attended by all 5 member BRICS (Brazil, Russia, India, China and South Africa) countries. India being BRICS chair for 2016 has organized this event in order to shape and steer the BRICS agenda.

Brexit: IMF warns of repercussions for global economy

July 4, 2016 The International Monetary Fund (IMF) has warned that United Kingdom’s decision to leave the European Union (EU) has created significant uncertainty. The uncertainty is likely to dampen growth in the near term, particularly in the UK, but with repercussions for Europe and the global economy.

•  Key facts IMF predicts that macroeconomic and financial market impacts in the UK and EU due to Brexit will radiate outward across the globe. The impacts of Brexit will lead to a rising level of uncertainty, both financial and possibly political in EU and UK.
• Second BRICS Youth Summit concludes in Guwahati July 4, 2016 The second BRICS Youth Summit was held in Guwahati, Assam from 1st July 2016 to 3rd July 2016. The theme of the summit was “Youth as bridge for intra-BRICS exchanges“.

India to host meet of BRICS anti-narcotics heads

July 5, 2016 India is going to host meet of the heads of anti-narcotics agencies of BRICS nations to discuss issues related to narco-terrorism and money laundering. This meet will be held ahead of the eighth annual Summit of BRICS (Brazil-Russia-India-ChinaSouth Africa nations scheduled in October 2016.