“We are honoured to assume the Chairmanship of BRICS from February 1, 2016, and build on the great work done by other members”, Modi said in his opening remarks at the BRICS meeting here.
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Modi said India attached the highest importance to BRICS, a grouping of Brazil, Russia, India, China and South Africa.
French President Hollande held the ISIS responsible for the carnage in Paris and declared three days of mourning in the nation.
The global economy remains very much a mixed bag for investors, with the United States looking like it may hike interest rates for the first time since 2006 next month, while much of the rest of the world, including China, remains vulnerable.
The G20 Summit, which was expected to mainly discuss inclusive economic growth and climate change, was set to adopt a resolution at the end of the two-day meeting tomorrow calling for better coordination and exchange of information to cut off funding and a more comprehensive approach on “addressing the conditions conducive to terrorism”.
In his main intervention, Modi said the G-20 should focus on countries that had the most growth potential, help address specific bottlenecks in these countries, and facilitate implementation of country strategies to boost the global economy.
I would like the United Nations that is celebrating its 70th anniversary to not waste anytime in defining terrorism…the proposal is in front of it…so that we get to know that who is siding with terrorism, who is helping terrorism, who is backing terrorism and who is being targeted by terrorism, who are against terrorism and who for humanity are ready to sacrifice.
The official said that the US President hailed India’s economic growth under Modi’s leadership. A meeting with US President Barack Obama is also on the cards though there has been no confirmation on this so far. “We always stand for joining efforts to effectively deal with the terrorist threat”, the Russian president added. We express our deepest sympathy and support to Russian Federation for the loss of life in Sinai. “Words can’t adequately condemn such attacks where innocent people have been killed”, he said.
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Modi said terrorism is the main global challenge today and “from regions in conflict to the streets of distant cities, terrorism extracts a deadly price”.
