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October 8 Page 2 Imphal Times Supplementary issue 2 Editorial BRICS : Building Responsive, Inclusive and Collective Solutions Imphal Saturday, October 8, 2016 By : Syed Mahmoud Nawaz beyond the original concept which forestall short-term liquidity global peace and security and The 8th BRICS Summit is set to take was envisioned for the financial pressures. undermine social and economic place in the middle of this month in markets. The idea to establish the Bank was confidence. They emphasized the Goa under the Chairmanship of Over the years BRICS has evolved proposed by India during the need for a united global effort to Retreating credibility India. BRICS, grouping Brazil, in a phased and progressive manner, 4th BRICS Summit held in New Delhi combat terrorism in accordance with The air is thick with anticipation of the arriving festivals in this Russia, India, China and South thereby very meticulously in 2012. During the 6th BRICS Summit norms and principles of international State with a perennial presence of occasions for celebrations. Africa is a unique international strengthening its two main pillars: at Fortaleza (Brazil) all agreements law, including the UN Charter. That the people pour their hearts out in their celebrations might mechanism which has been playing (1) coordination in multilateral were signed by BRICS members and The leaders appreciated India’s very well be a manifestation of their frustrations and an important role in rebalancing forums, with a focus on economic in May 2015 Shri. K.V. Kamath from BRICS Chairpersonship and the hopelessness of the present situation. Wishes and messages of global influence thereby having and political governance and (2) India was appointed as the good pace of implementation and peace and harmony, not to positive effects on world economy cooperation between members. President of the New Development expansion of BRICS cooperation forget development and progress will be doled out to the public and politics. BRICS pushes for reforming the Bank with its headquarters in agenda and voiced their full support with unerring accuracy and seemingly empathic statements, both BRICS nations collectively account structures and forums of global Shanghai (China). The 7th BRICS for a successful hosting of the by the ruling leaders elected by the people, as well as by those for 43% of the world population, governance, especially in the Summit at Ufa (Russia) in July 2015 upcoming 8th BRICS Summit in Goa who have taken over the cause of fighting against the injustice with around 25% of the world’s total economic and financial fields – marked the entry into force of the under India’s Chairpersonship. They and independence of the people upon themselves. The ideologies, land area and close to 30 % of the International Monetary Fund, agreement on the NDB. also appreciated the strengthening have they been practiced as propagated, could have propelled GDP with around 17 % share in the World Bank, G-20 etc. There is Recently the Bank approved its first of people-to-people exchanges this small state into a league of its own, one which the rest of world trade. These five major special emphasis on the reforms of package of loans worth about $811 through organization of various the world would have looked up to for inspiration and guidance. emerging economies are looking for political institutions, such as the million. The four projects in Brazil, BRICS events across the cities and The reality that lay around us couldn’t be more different or ironic. their right place, in the global United Nations as well. China, South Africa and India are all provinces of India. In spite of so many patriots and pioneers of freedom and justice, economic and political stage, which Intra-BRICS cooperation has also in the renewable and green energy In New Delhi, External Affairs why is the common man in Manipur still could not live a decent befits their potential and been solidifying with a clear and development sphere. And to quote Minister, Smt. Sushma Swaraj while life? Why is efficiency and hard work not being regarded with capabilities. Their rising prominence broad agenda which has been the NDB spokesperson, ”There are sharing India’s plan of action during the same venerability as the ability to cozy up to power and will surely help in resolving global developed over the years. And this many more new projects in the BRICS Chairpersonship said, “We riches? Why is fear and violence being viewed as the preferred issues in a better way. includes areas such as finance, pipeline including projects from will adopt a five-pronged approach. mode of getting things done-for those who can, or profess to In 2001, in a research paper on agriculture, economy and trade, Russia. They are at various stages It will comprise of Institution have the power, to unleash them? What is the meaning of peace global economics titled ‘Building combating transnational crime, of consideration or appraisal”. Building, Implementation, and independence when the common people, far removed from Better Global Economic BRICs’ science and technology, health, “NDB signifies developing Integration, Innovation, and the company of the powerful government and the relentless which was published by Goldman education, corporate and academic countries’ coming of age; their Continuity with Consolidation”. insurgents, live in fear and uncertainty, deprived of their rightful Sachs, British economist Jim O’ Neill dialogue and security, among aspirations to stand on their own On the sidelines of the 8th BRICS stakes, their share of the benefits being utilized, albeit without coined and used the acronym others. The group is geared up to feet”, the spokesperson added. Summit, there will also be the BRICS- their consent or knowledge, by the bureaucrats and heads of ‘BRICs’ for the first time for four tackle challenges in the social, The Prime Minister of India, Shri. BIMSTEC (Bay of Bengal Initiative departments as well as those fighting for independence to further rapidly developing economies- economic and environmental fields, Narendra Modi had recently said, for Multi-Sectoral Technical and their professed cause of development, justice and independence? Brazil, Russia, India and China. and create new opportunities for the “BRICS acts as a vital pillar of hope Economic Cooperation) Outreach Why, despite the teeming guardians of truth and In 2006, Brazil, Russia, India and members of the BRICS group in for this world full of political Summit which will see leaders equality, the majority of the public is still reeling under injustice China began a regular informal different areas especially with an challenges, safety related from Bangladesh, Bhutan, Nepal, and oppression? Is extortion and use of force- lethal force at diplomatic coordination initiative, eye on the 2030 Agenda for challenges and economic Sri Lanka, Myanmar and Thailand times a prerequisite for attainment of peace, freedom and with annual meetings of Foreign Sustainable Development. challenges”. joining the BRICS leaders. independence? How do these opposing forces, purportedly working Ministers at the margins of the BRICS as well as other emerging In September 2016, the BRICS Goa has been chosen as the venue towards the same goal, envisage the participation of the public General Debate of the UN General market economies and developing leaders met informally on the for the 8th BRICS Summit over many for which they are supposedly carrying out their pursuits when Assembly (UNGA). This countries do continue to face major margins of the G20 Summit in other places in India. Recently the the trust and empathy have all but evaporated into thin air? The successful interaction led to the financing constraints at times in Hangzhou, China and according to Chinese foreign Minister Mr. Wang frightened feelings and uncertainty of the people should be allayed decision that the dialogue was to addressing infrastructure gaps and a media note issued on this Yi paid a pre-summit visit to Goa. first. The present practice of holding a gun to the head of the be carried out at the level of Heads sustainable development needs. To occasion, the BRICS leaders After the visit, an impressed Mr. Yi public while enquiring their allegiance will not work in the long of State and Government in annual address these issues, BRICS has underlined the importance of further said, “Goa has a time honored run. The spawning of a breed of self-styled insurgents and Summits. The First BRIC Summit now under its belt, the New strengthening strategic partnership history, beautiful landscape, rich protectors of freedom and progress who are taking advantage was held in Yekaterinburg (Russia) Development Bank (NDB) which guided by principles of openness, resources and hardworking people of the naivety and unsure state of mind of the common public, in 2009. The depth and scope of the will mobilize resources for solidarity, equality, mutual and is one of the most developed while carrying on with extortion, demanding huge exacting dialogue among the Members of infrastructure and sustainable understanding, inclusiveness, states in India. Goa is small, but amounts as donations, and conniving with the powerful whose BRIC group – which became BRICS development projects in BRICS mutually beneficial cooperation. beautiful. I believe Goa is an epitome faults are conveniently overlooked as long as their purpose are in 2011 with the inclusion of South and other emerging and They also underlined the of the future and bright prospect of being served should be put to a complete halt. The Government Africa – kept on expanding from developing economies. And to importance of establishment of a India. I am sure the BRICS summit should cleanse itself to regain that dwindling confidence of the year to year. More than an acronym compliment the working of the just and equitable international will put Goa at an even bigger people. A new beginning is still possible. It is not lofty ideals or that identified countries emerging NDB, the grouping also has the order based on International law.
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