India’s Role In BRICS

 India’s role in BRICS BRICS is an acronym for Brazil, Russia, India, China and South Africa – five emerging nations that formed an alliance­ for economic and social development. The commonality between them is that they are all newly industrialised and aiming for maximum trade and development. Together, BRICS accounts for about 40% … Read more

DMPQ- BRICS payment system

At the 2015 BRICS summit in Russia, ministers from BRICS nations, initiated consultations for a payment system that would be an alternative to the SWIFT system. Russian Deputy Foreign Minister Sergey Ryabkov stated in an interview, “The finance ministers and executives of the BRICS central banks are negotiating … setting up payment systems and moving … Read more

DMPQ- The BRICS Contingent Reserve Arrangement (CRA)

The BRICS Contingent Reserve Arrangement (CRA) is a framework for providing protection against global liquidity pressures. This includes currency issues where members’ national currencies are being adversely affected by global financial pressures. It is found that emerging economies that experienced rapid economic liberalization went through increased economic volatility, bringing uncertain macroeconomic environment. The CRA is … Read more

India’s Role In BRICS

 India's role in BRICS BRICS is an acronym for Brazil, Russia, India, China and South Africa – five emerging nations that formed an alliance­ for economic and social development. The commonality between them is that they are all newly industrialised and aiming for maximum trade and development. Together, BRICS accounts for about 40% of … Read more

19.05.18 APSC (Assam) Current Affairs

ASSAM   Centre will open up restricted northeast areas to foreigners   The ministries of home, defence and tourism have agreed, in principle, to open up restricted areas of Arunachal Pradesh and Sikkim for foreign tourists.   A formal announcement to this effect will come only after consultations with state governments involved that need to … Read more

22.02.18 APSC (Assam) Current Affairs

ASSAM Assam CM Sonowal stresses for agri research   Assam Chief Minister Sarbananda Sonowalon Friday said that extensive agro research holds the key for balanced agricultural development of the country.   The state government was giving importance to organic farming and striving to maintain growth story in sync with ecology, Sonowal said at a programme at the Assam … Read more

31.01.18 APSC (Assam) Current Affairs

ASSAM Investors Summit initiative hailed   The Assam Real Estate and Infrastructure Developers’ Association (AREIDA) has welcomed the initiative of the Government of Assam in organising the Global Investors’ Summit showcasing ‘advantage of Assam’. AREIDA president PK Sharma said every state in the country and every country in the world is in intense competition with … Read more

14-15 .01.18 APSC (Assam) Current Affairs

ASSAM CM Sonowal distributes free bikes to Class XII topper girls   Chief minister Sarbananda Sonowal on Friday launched a programme to distribute free scootys to 1000 girl students who excelled in the Class XII state board exams.   Government has been striving to sustain an academic atmosphere and make quality the only attribute to select beneficiaries … Read more