Tuesday, October 18, 2016

Xi Fucks Modi in BRICS Summit Modi: Pakistan is 'Mother-Ship of Terrorism' Xi: Pakistan is China’s Whore. Stop Badmouthing her.


Leaders of BRICS countries, from left, Brazilian President Michel Temer, Russian President Vladimir Putin, Indian Prime Minister Narendra Modi, Chinese President Xi Jinping, and South African President Jacob Zuma raise their hand for a group photo at the start of their summit in Goa, India, Sunday, Oct. 16, 2016. Leaders of five of the world's fast-rising powers are meeting in the southwestern Indian state of Goa for their annual summit at a time when their ability to shape the global dialogue on international politics and finance is increasingly being questioned. Brazil, Russia, India, China and South Africa, or BRICS, face the tough task of asserting their growing influence as a power group even as they bridge their own trade rivalries to help grow their economies. (AP Photo/ Anupam Nath)

BENAULIM, India (AP) — The Latest on the BRICS summit of five emerging market economies (all times local):
6:30 p.m.
The newly formed multilateral New Development Bank has been widely praised at this weekend's BRICS summit, with leaders from the grouping hailing the bank's achievements and its support for clean energy and sustainable development projects.
The bank, which became operational a year ago, has already cleared loans totaling more than $900 million for renewable energy projects in the five BRICS countries — Brazil, Russia, India, China and South Africa.
Next up: a new credit rating agency for developing countries.
Bank President K.V. Kamath said Sunday that the functioning of the existing big three global agencies was effectively constraining growth in emerging nations.
At the end of their discussions Sunday on reforming the global financial and economic architecture, the BRICS leaders agreed to speedily make the credit rating agency a reality.
6:10 p.m.
The leaders of five of the world's rising powers have ended a two-day summit with a pledge to speed global economic recovery as well as fight terrorism and extremism, forces that they said pose a threat to regional and international peace and stability.
Meeting in the beach resort state of Goa in southwestern India, the five countries known collectively as BRICS — Brazil, Russia, India, China and South Africa — adopted a final declaration Sunday endorsing their commitment to act against the financing of terror groups and their supplies of weapons and other equipment.
Presidents Xi Jinping of China, Vladimir Putin of Russia, Michel Temer of Brazil and Jacob Zuma of South Africa, and their host, Indian Prime Minister Narendra Modi, also vowed in the declaration to tackle the global economic slowdown and reform the world's financial architecture.
12:30 p.m.
While skeptics may question whether the BRICS countries, once seen as the drivers of global prosperity, have much relevance with their economies slowing down, there are several countries that are eager to join the bloc. Some have set up their own groups, complete with acronyms.
There's the MINT, which clubs together the fast-growing economies of Mexico, Indonesia, Nigeria and Turkey.
Then there's the CIVETS group comprising Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa.
At least two countries — Argentina and Egypt — have expressed interest in joining the BRICS.
But for now there is no plan to expand the BRICS.
An official in Goa for the BRICS summit says bringing in new members would dilute the group's identity, apart from the additional problem of having to coin another acronym for the group.
12:15 p.m.
BRICS leaders meeting in Goa will get a chance to interact with another group of South and Southeast Asian countries that are centered around the Bay of Bengal.
The little-known group known as the BIMSTEC, or Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation, comprises Bangladesh, Bhutan, India, Myanmar, Nepal, Sri Lanka and Thailand.
The decision to bring the leaders of the BIMSTEC countries to Goa is part of a new tradition of "outreach programs" by the country hosting the annual BRICS summit meeting. It was first initiated by South Africa when it invited leading African countries to the BRICS summit held in Durban in 2013.
A year later, Brazil invited its Latin American partners to the BRICS summit that it hosted in the beach resort town of Fortaleza.
Russia invited leaders of the Shanghai Cooperation Organization — a Eurasian political, economic and military group — to the summit held in Ufa, a city in southwestern Russia, in 2015.


At Brics, Russian silence on Pak terror stuns India

Times of India - ‎4 hours ago‎
BENAULIM (GOA): China blocked India's attempts to name JeM and LeT in the Goa Declaration+ , wherein the Brics member states pledged to "relentlessly pursue" outfits designated terrorist groups by the UNSC, but what has hurt the government more, ...

The Latest: BRICS leaders praise New Development Bank

Washington Post - ‎Oct 16, 2016‎
BENAULIM, India — The Latest on the BRICS summit of five emerging market economies (all times local): 6:30 p.m.. The newly formed multilateral New Development Bank has been widely praised at this weekend's BRICS summit, with leaders from the ...

BRICS summit Goa: Here's a quick round-up

The Indian Express - ‎1 hour ago‎
Prime Minister Narendra Modi with, left to right, Brazilian President Michel Temer, Russian President Vladimir Putin, Chinese President Xi Jinping and South African President Jacob Zuma addressing the BRICS Business Council meeting during BRICS ...

BRICS Leaders Vow to Speed Global Recovery, Fight Terrorism

New York Times - ‎Oct 16, 2016‎
Meeting in the beach resort state of Goa in southwestern India, the five countries known collectively as BRICS — Brazil, Russia, India, China and South Africa — adopted a final declaration endorsing their commitment to act against the financing of ...

China positive on BRICS despite global uncertainty

RT - ‎21 hours ago‎
Speaking at the BRICS summit in India, Xi referred to the slowdown in economic growth among the group, saying its potential and strength was "unchanged" due to resources and workforces. The five major emerging economies comprise about half of the ...

Bimstec goes beyond Brics, says terrorists not martyrs

Times of India - ‎10 hours ago‎
Unlike the Brics' Goa Declaration, the outcome document of Bimstec — which has as members Bangladesh, India, Sri Lanka, Bhutan, Nepal, Thailand and Myanmar — was much more powerfully worded. China had blocked any mention of cross-border ...

'BRICS of gold' economies still glittering

Shanghai Daily (subscription) - ‎16 hours ago‎
People walk out of one of the venues of BRICS Summit, in Benaulim, in the western state of Goa, India. Figures and facts show that the BRICS countries will continue the momentum of growth and will remain a powerful engine of the world economy. — Reuter.

BRICS Development Bank To Increase Its Lending To $2.5 Billion Next Year

Huffington Post - ‎Oct 16, 2016‎
GOA, India (Reuters) - The development bank set up by the BRICS group of emerging economies will ramp up lending to $2.5 billion next year after making its first loans to back green projects, its president KV Kamath told Reuters. The BRICS - Brazil ...

India May Have Over-Played Pakistan At BRICS Summit

NDTV (blog) - ‎12 hours ago‎
He began his address to a combined gathering of BRICS and BIMSTEC leaders by saying, "With 1.5 billion people and a combined GDP of 2.5 trillion US dollars, the countries of BIMSTEC have shared aspirations for growth, development, commerce, and ...

China backs Brics nations despite global uncertainty

BBC News - ‎Oct 16, 2016‎
China's president has said the long-term prospects of the Brics countries - Brazil, Russia, India, China and South Africa - are still positive despite a precarious global economy. President Xi Jinping said the Brics countries were among those currently ...

Behind-The-Scenes At BRICS. When Xi Walked The Beach.

NDTV (blog) - ‎15 hours ago‎
The venue for the BRICS summit was the beautiful Taj property on the Benaulim beach overlooking the Arabian Sea. Sources say that Chinese President Xi Jingping broke his heavy security ring around him for a few moments and walked to the rear end of ...

BRICS declaration an example of government's 'abject failure': Congress

Hindustan Times - ‎18 hours ago‎
“And the Goa declaration of BRICS is perhaps the most sterling example of the government's absolute and abject failure,” Tewari was quoted as saying by ANI. “Despite all the rhetoric and the laser sharp discords on terror and isolating Pakistan, what ...

BRICS Summit: Why China and Russia did not name Pakistan on terrorism

The Indian Express - ‎21 hours ago‎
BRICS Summit: Why China and Russia did not name Pakistan on terrorism. P'M Modi has just been delivered an unhappy lesson at the just-concluded BRICS summit in Goa: though nine-tenths of geopolitics is about bluff, the critical one-tenth is about ...

BRICS to Deepen Economic Engagement to Combat Terror

Voice of America - ‎Oct 16, 2016‎
Amid fears of threats posed by protectionism, the BRICS countries have vowed to deepen economic engagement, tackle the global economic slowdown, and combat cross border terrorism. The leaders of the five emerging economies of Brazil, Russia, India, ...

Brics Goa Summit: Real test lies in meeting goals, not treat them as rhetoric

Firstpost - ‎20 hours ago‎
The eighth Brics Summit (attended by the heads of the governments of Brazil, Russia, India, China and South Africa) has just concluded in Goa. Going by the news coverage (both print and television), one got an impression as if the summit's sole focus ...

Modi's BRICS offensive falls flat

The Express Tribune - ‎5 hours ago‎
BEIJING: China sprang to long-time ally Pakistan's defence on Monday after Indian Prime Minister Narendra Modi branded Pakistan a 'mother-ship of terrorism' at a summit of BRICSnations. Beijing's unequivocal support came as the Modi administration ...

Reimagining BRICS

The Hindu - ‎12 hours ago‎
With India announcing that all five BRICS member states are united in acknowledging the global threat posed by terrorism, and that those who support terror are as much a threat to us than those who perpetrate acts of terror, the eighth BRICS summit ...

BRICS Face Their Own Challenges While Meeting As A Bloc

CNBC - ‎Oct 14, 2016‎
At a summit this weekend, the BRICS nations - Brazil, Russia, India, China and South Africa - will be looking for ways to boost trade between their developing economies, representing nearly half of the world's population. But while they face similar ...

Only about terrorism?

The Hindu - ‎11 hours ago‎
Over a period of 48 hours, India hosted leaders of the five-nation BRICS as well as the seven-nation BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation), which together represent two-thirds of humanity and more than ...

India slams Pakistan over BRICS wall

The Indian Express - ‎Oct 16, 2016‎
WHILE INDIA called Pakistan the “mothership” of terrorism and said “terrorism has become its favourite child”, the Goa declaration on Sunday betrayed divisions within the five-nation BRICSgrouping on terrorism, especially emanating from Pakistan. For ...

India's Modi Calls Pakistan Terror 'Mothership' at Brics Summit

Wall Street Journal - ‎Oct 16, 2016‎
BENAULIM, India—Prime Minister Narendra Modi called India's neighbor Pakistan the “mother ship of terrorism” at a Brics summit Sunday, underscoring New Delhi's differences with Islamabad's close ally China, which is a prominent member of the group.

BRICS remains on course for bigger, more effective projects in the years to come

Hindustan Times - ‎16 hours ago‎
Heading into the BRICS summit in Goa last weekend, Indian diplomacy sought four key objectives. First, use the forum to strengthen bilateral relationships with all four countries, especially Russia and China. BRICS as a grouping will undoubtedly be ...

Narendra Modi misleading BRICS, BIMSTEC: Sartaj Aziz

Economic Times - ‎22 hours ago‎
ISLAMABAD: A top Pakistani aide, accusing Indian Prime Minister Narendra Modi of "misleading"BRICS and BIMSTEC nations, has asserted that New Delhi has no moral ground to talk about counter-terrorism as it is itself involved in terrorism in Kashmir.

China proposal points direction for enhancing BRICS cooperation

Xinhua - ‎17 hours ago‎
BEIJING, Oct. 17 (Xinhua) -- A five-point proposal laid out by President Xi Jinping during an annual BRICS summit in the western Indian state of Goa, which concluded Sunday, will help consolidate confidence and chart out the direction for future ...

Security Tight at Indian Beach Resort Venue of BRICS Summit

New York Times - ‎Oct 15, 2016‎
Sniffer dogs and troops with mine detectors combed the white sandy beaches adjacent to the five-star hotel in the village of Benaulim where the leaders of Brazil, Russia, India, China and South Africa are meeting for their eighth BRICS summit ...

BRICS agrees to set up credit rating agency

The Hindu - ‎Oct 16, 2016‎
The five-nation group BRICS agreed to set up an independent rating agency based on market-oriented principles, saying it would further strengthen the global governance architecture. “We believe that BRICSinstitution-building is critical to our shared ...

Brics Summit was actually a huge success for India, despite China's machinations

Firstpost - ‎22 hours ago‎
Most Indian publications were unanimous in their verdict on the Goa Declaration that consensus over terrorism has eluded Brics nations despite a valiant effort from New Delhi. The Indian media's consternation over China's role in the joint statement ...

BRICS brings out mixed outcome

Deccan Herald - ‎14 hours ago‎
The just-concluded eighth summit of the BRICS (Brazil-Russia-India-China-South Africa) group of emerging economies at Goa ended with mixed results. On the plus side, BRICS members had reason to celebrate with the grouping's New Development Bank ...

Viewpoint: Brics sees rekindling of India-Russia romance

BBC News - ‎Oct 17, 2016‎
The Brics summit in the Indian resort state of Goa concluded on Sunday with a joint declaration which was as anodyne as such documents tend to be. Though India made it a point to focus on terrorism and managed to underscore "the need for close ...

India PM Modi brands Asian neighbor 'mother ship of terrorism' at BRICSsummit

Deutsche Welle - ‎Oct 16, 2016‎
Speaking at the two-day summit of BRICS countries, which include Brazil, Russia, China and South Africa, Indian Prime Minister Narendra Modi's comments escalated his diplomatic drive to isolate Pakistan, which India accuses of sponsoring cross-border ...

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