India has formally joined the BRICS Centre for Industrial Competencies (BCIC), marking a significant step towards strengthening its manufacturing ecosystem and empowering Micro, Small and Medium Enterprises (MSMEs) through advanced industrial skills and global cooperation. The development was announced at an event organised by the Department for Promotion of Industry…
Tag: #BRICS
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Why RBI Wants BRICS to Use Digital Currencies for Trade
The Reserve Bank of India (RBI) is encouraging the Indian government to promote the use of central bank digital currencies (CBDCs) for cross-border payments among BRICS nations, according to recent media reports. The move reflects India’s growing interest in reshaping global payment systems, reducing transaction costs, and limiting over-dependence on…
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RBI Pushes BRICS Digital Currency for Easier Payments
India’s central bank has proposed a landmark initiative to link the digital currencies of BRICS nations, a move that could reshape cross-border trade and tourism payments while gradually reducing reliance on the US dollar. The proposal, recommended by the Reserve Bank of India (RBI), is expected to be placed on…
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Robert Kiyosaki Warns BRICS Could End Dollar Dominance
Renowned investor and author Robert Kiyosaki has issued a stark warning that the United States dollar could be heading toward the same fate as past failed reserve currencies, driven by the growing economic influence of BRICS nations. According to Kiyosaki, shifts in global trade, debt levels, and alternative settlement systems…
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BRICS Gold Dominance Challenges US Dollar’s Global Influence
BRICS nations are quietly reshaping the global financial landscape by strengthening their grip on gold reserves and reducing long-term dependence on the US dollar. While official data shows BRICS members holding around 20% of global gold reserves, the bloc and its closely aligned partners now account for nearly 50% of…
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BRICS Warns Against Tariffs, Backs India’s 2026 Chairship
The BRICS bloc has issued a strong warning against what it described as the “indiscriminate rise” of tariffs and protectionist trade measures, cautioning that such practices threaten to marginalize the Global South and weaken global economic stability. Meeting on the sidelines of the 80th United Nations General Assembly (UNGA) in…
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Canada Targets US H-1B Workers With New Visa Plan
Canada is preparing to welcome skilled foreign workers facing new hurdles in the United States after Washington imposed a steep $100,000 fee on H-1B visas. Prime Minister Mark Carney announced that Ottawa will soon roll out a proposal aimed at attracting these professionals, particularly from India and China, who are…