Prime Minister Narendra Modi, while addressing the BRICS Summit in Ufa, Russia, said the problems being faced by the world are common to all the nations. It is possible to mitigate any challenge if we focus on reforms of the United Nations and the UN Security Council. He proposed a 10-point initiative that includes India hosting the first trade fair for the grouping and establishing research centres for railways and agriculture.
PM Modi also referred to the issue of climate change, saying, “Climate change is one of our foremost global challenges. We need to focus on renewable energy and energy efficiency.” The Prime Minister further suggested some steps that BRICS members can take to get closer to each other, terming it as “Das Kadam: 10 steps for the future”.
Das Kadam: 10 steps for the future
- BRICS Trade Fair
- BRICS Railway Research Center
- Cooperation Among Supreme Audit Institutions
- BRICS Digital Initiative
- BRICS Agricultural Research Center
- BRICS State/Local Government’s Forum
- Cooperation Among Cities in field of Urbanization
- BRICS Sports Council and Annual BRICS Sports Meet
- First Major Project of NDB to be in the field of Clean Energy
- BRICS Film Festival
Facts about BRICS
- BRICS make up 40 percent of the world’s population, 25 percent of the world’s landmass, and about 20 percent of global GDP.
- Jim O’Neill, chairman of Goldman Sachs Asset Management, coined the BRIC concept in 2001.
- South Africa was admitted by the other BRIC leaders in December 2010, adding the “S” to the original grouping.
- The theme of the summit is ‘Partnership: A powerful factor for global development’, with a firm emphasis on economic cooperation.
GK Questions
- The Headquarters of New Development Bank is at ______? Shanghai
- The Opening Capital of the New Development Bank is _____? $100 Billion
