Sign In
Learn bits
World Affairs
Mahesh

25/06/22 06:14 AM IST

14th BRICS Summit

In News 
  • Prime Minister Shri Narendra Modi led India’s participation at the 14thBRICS Summit, convened under the Chairmanship of President Xi Jinping of China in virtual moment.
Details 
  • Prime Minister called for strengthening of the BRICS Identity and proposed establishment of Online Database for BRICS documents, BRICS Railways Research Network, and strengthening cooperation between MSMEs.
  • India will be organizing BRICS Startup event this year to strengthen connection between Startups in BRICS countries.
BRICS 
  • BRICS is an acronym for the grouping of the world’s leading emerging economies, namely Brazil, Russia, India, China, and South Africa.
  • In 2001, the British Economist Jim O’Neill coined the term BRIC to describe the four emerging economies of Brazil, Russia, India, and China.
  • South Africa was invited to join BRIC in December 2010, after which the group adopted the acronym BRICS.
  • The grouping was formalised during the first meeting of BRIC Foreign Ministers’ in 2006.
  • The BRICS brings together five of the largest developing countries of the world, representing 41% of the global population, 24% of the global GDP and 16% of the global trade.
Source- PIB 

More Related Current Affairs View All

21 Aug

Promotion and Regulation of Online Gaming Bill, 2025

'The Lok Sabha recently passed the Promotion and Regulation of Online Gaming Bill 2025.' The bill encourages e-sports and online social games while prohibiting harmful online mo

Read More

21 Aug

Union Home and Cooperation Minister Shri Amit Shah introduces the Constitution (One Hundred and Thirtieth Amendment) Bill, 2025

'Union Home Minister and Minister of Cooperation, Shri Amit Shah  introduced the Constitution (One Hundred and Thirtieth Amendment) Bill, 2025, the Union Territories (Amendmen

Read More

20 Aug

How should toll collection practices be reformed?

'The Public Accounts Committee (PAC) of Parliament has proposed major changes to toll collection on national highways, including a recommendation to end the practice of perpetual t

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps