Common payments system on BRICS agenda
BRICS is discussing a common cross-border payments system, but India’s participation would require reconciling RBI data-localisation rules and the Digital Personal Data Protection Act.
Finance
Kremlin Says BRICS Not Anti-West, Points to Rise in Local-Currency Trade
Russia said 90% of payments with BRICS countries are now settled in national currencies, while rejecting claims that BRICS is an anti-Western bloc.
BRICS at 20: India faces test of balancing geopolitical divides with economic goals
India’s hosting of the expanded BRICS Summit is framed by former diplomats as a test of balancing geopolitical divisions with practical economic, technology, and digital infrastructure cooperation.
Former diplomats envision India as “bridge” between BRICS and Western nations ahead of New Delhi summit
As India prepares to host the BRICS Summit in New Delhi, a former senior diplomat said the grouping’s 20-year milestone should push it toward more substantive cooperation and highlighted India’s potential role as a bridge between BRICS and Western countries.
Russia hopeful that BRICS Summit hosted in India can bridge Iran-UAE differences
Kremlin says India-hosted BRICS summit can help bridge Iran-UAE differences as sherpas work on the leaders’ declaration.
Beyond Expansion: Can BRICS Convert Economic Weight into Collective Power?
BRICS is urged to shift from expansion to practical implementation, interoperability, standards, and modular cooperation to convert economic scale into collective institutional power.
BRICS Summit: India to Propose AI-Based Data Sharing to Track Fugitives and Terrorists
At the 18th BRICS Summit in New Delhi, India is expected to present an AI-enabled framework for real-time information sharing among member countries to locate economic fugitives and counter terrorism.
BRICS technology cooperation delivers practical results, says MEFERI Russia CEO
Dmitry Taburov highlighted complementary expertise and digital cooperation in an interview with TV BRICS.
Pakistan’s BRICS Membership Bid Faces Consensus Hurdle
Pakistan seeks closer economic cooperation through BRICS, but admission requires agreement from every existing member, including India.