BRICS Pay will connect national payment systems of member and partner countries to enable faster cross-border digital payments in local currencies, with India and Russia signing an MoU to link UPI with Russia’s Faster Payments System.
Political efforts are under way to bridge Iran-UAE differences and secure a BRICS joint statement at the New Delhi summit amid tensions from the West Asia crisis and the bloc’s expanded membership.
Ahead of the 18th BRICS Summit in New Delhi, Indian political figures urged BRICS to adopt a positive policy on frontier technologies of the Fourth Industrial Revolution.
A BRICS business body official backed local currency and digital transaction systems for a multipolar economic framework and urged India to strengthen exports to BRICS economies.
Former BRICS Sherpa Sanjay Bhattacharyya described BRICS as a stabilising force ahead of India’s hosting of the 18th BRICS Summit, highlighting the bloc’s 20-year milestone and India’s chairship agenda.
New Delhi is completing preparations to host the 18th BRICS Summit at Bharat Mandapam, with India serving as BRICS chair in 2026.
An ICC arrest warrant requires signatory countries to detain the Russian leader, but India is not a party to the Rome Statute.
The UAE will be represented at the 18th BRICS Summit, which will focus on financial cooperation, energy transition, and engagement with emerging economies.
CAIT National General Secretary and MP Praveen Khandelwal said BRICS can strengthen India’s role in the Global South and expand trade, investment and exports for Indian businesses.
