BRICS Stands for Brazil, russia, India, China and South africa
At First in year 2009 only BRIC Four nations Were members later in 24 dec 2010 South Africa Joined as fifth member
BRIC First Summit tookplace in Yekaterinburg, Russia.Dicussions on United Nations reform, joint statement on global food security and Global Reserve currency.
The first Dialogue Between BRIC Nation Took place in New York 2006
In 2013, 5th Summit Durban SA,The members Agreed To Create a Financial institution by 2014 (New Development bank 2015)
NDBanks started from july 2015 with Authorised capital of 100 bn USD with equal share of 20 bln by all five member
Shanghai, china as Headquaters For NDBank and Johnesburg as its First Regional head office in SA started its operations
The bank's primary focus of lending will be infrastructure and sustained development projects(upto 34 bln usd yearly ) like renewable powers like solar, wind etc
BRICS nation are also focused in ICT sector inorder regulate the dominence of US in ICT Sector Considering PLanned for BRICS Cable
the last summits took place at 2014 fortaleza, 2015 ufa, 2016 goa
only for indian students to join @ http://www.studentbharat.com INVITES U......>> >>> >>>>
