Prime Minister Manmohan Singh, is preparing to present at the 4th Summit of theBRICs - the bloc formed by Brazil, Russia, India, China and South Africa - the proposal to establish a development bank group. The new bank should be a kind of alternative to the World Bank and International Monetary Fund (IMF). The expectation is that at the end of the summit, the presidents to sign a statement indicating a willingness to create the institution, but without specifying the details.
Brazilian negotiators say that several points of the proposal need to be defined and the process will be long term. For Brazilians, it is necessary to establish a number of aspects such as terms of reference, the structure of the body, as will be paid the principal and practices of bilateral and multilateral trade.
The Indians argue that the proposal is to create a mechanism for funding of projects exclusively in developing countries. The idea is to rotate the presidency of the institution is among the five members of the BRICs. In addition,the present leaders should reaffirm the defense debates of the expansion of the IMF.
10/21/13 - The 5th India-Latin America & Caribbean Project Partnership Conclave (LAC): Explore. Experience. Engage. is being organized by the Confederation of Indian Industry (CII), under the auspices of the Ministry of Commerce & Industry and the Ministry of External Affairs, it's organized for 9-10 December, 2013 at Hotel Le Meridian, New Delhi.
06/28/13 - We are now happy to inform you that the preparations for the 2nd WORLD HYDRO POWER CONVENTION 2013 : The Complete Hydro Power Show scheduled for 5 – 6 September 2013, New Delhi, India are now in full swing. The Dual Theme for this Convention is ‘International Cooperation’ & ‘Multilateral Development for Harnessing India’s Hydro Power Potential’ (a copy of the ‘Brochure’ is enclosed for your kind perusal).» More events
11/26/13 - Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions, is recognized by Forbes as one of the most innovative companies in the world. TCS was the company of IT services with higher rankings that list, as well as the leading Indian Company. “Being in the top echelon of the list of most innovative [...]» More news