India will work to define BRICS in new form under its presidency, says PM Modi at Rio summit
India will hold the BRICS presidency next year.
In an address at a session on environment and global health, Modi also said that the health of the earth and the health of people are connected to each other. "For India, climate justice is no alternative; it is a moral duty," Modi said, adding: "Where some people measure it in numbers, India lives it in values."
The prime minister also indicated India's possible priorities during its presidency of the BRICS grouping.
"Under India's BRICS presidency, we will work to define BRICS in a new form. BRICS will mean -- Building Resilience and Innovation for Cooperation and Sustainability," he said.
Modi also underlined the need to remain prepared for any eventualities.
The COVID pandemic taught us that viruses do not come taking visas, and solutions, too, are not chosen by looking at passports, he said.
The prime minister also said the developing nations must have the same confidence about the future that the developed nations have.
The self-confidence about the future that developed countries have -- the same self-strength should also be in these countries, he added.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India Today
30 minutes ago
- India Today
Rahul Gandhi's charges against poll panel justified or irresponsible? Experts debate
The big focus of this episode of News Today is on the Gujarat bridge collapse and Rahul Gandhi versus the Election Commission over Bihar electoral roll revision. In Gujarat, 12 people died after a portion of a bridge collapsed in Vadodara. The bridge's weakening structure had been flagged by a panchayat member in 2022, but insufficient maintenance led to this avoidable tragedy. Prime Minister Modi announced ₹2,00,000 compensation for the families of the deceased and ₹50,000 for the injured. While Rahul Gandhi has accused the Election Commission of acting as an agent of the Modi government, questioning the integrity of the electoral roll revision in Bihar. The Election Commission's decision to conduct a special intensive revision of voter lists in Bihar has sparked a heated debate. The move, requiring fresh documentation for those not registered as of 2003, has raised questions about its timing and necessity.
News18
an hour ago
- News18
Trump Tariffs Live Updates: Sri Lanka, Philippines, Iraq Among 7 Nations Hit With Up To 30% Tariffs
Trump New Tariffs Live Updates: The new tariffs include 30% on imports from Algeria, Iraq, and Libya; 25% on Brunei and Moldova; and 20% on the Philippines Trump Tariffs Live Updates: US President Donald Trump on Wednesday announced a new round of tariffs targeting several countries. The tariffs include 30% duties on imports from Algeria, Iraq, Libya and Sri Lanka; 25% on goods from Brunei and Moldova; and 20% on imports from the Philippines. This comes after the US President had said that more countries would receive formal tariff notices by noon and the following morning. 'We will be releasing a minimum of 7 countries having to do with trade, tomorrow morning, with an additional number of countries being released in the afternoon. Thank you for your attention to this matter!' Trump posted on his Truth Social account. Just a day earlier, Trump had announced new plans to impose a 10% tariff on goods from the BRICS nations — Brazil, Russia, India, China, and South Africa. The President had also revealed the 50% tariff on copper and suggested that tariffs on pharmaceutical goods could rise to 200% within a year, adding to the ongoing uncertainty in global markets. Jul 09, 2025 23:31 IST Trump Tariffs Live: India Spared In Latest US Tariff Notices, Offers Exporters A Breather India, currently negotiating a trade agreement with the US, has been noticeably excluded from the latest round of tariff letters issued by the Trump administration on Wednesday. This reprieve is expected to bring significant relief to Indian exporters, as both countries are actively engaged in talks aimed at deepening their economic relationship. So far, at least 20 countries have received tariff notices from Washington. The list includes Bangladesh, Indonesia, Japan, South Korea, Malaysia, Thailand, South Africa, Bosnia and Herzegovina, Cambodia, Kazakhstan, Laos, Serbia, and Tunisia. Jul 09, 2025 23:29 IST Trump Tariffs Live: Trump Defends Tariffs, Says Billions Flowing In, Foreign Firms Rushing To Build In US US President Donald Trump has doubled down on his aggressive tariff strategy, claiming it is bringing in 'hundreds of billions of dollars' to the US. Speaking about the economic impact, Trump said many companies are now opting to avoid these high duties by moving operations to the United States. 'We're taking in hundreds of billions of dollars… But more important than that, we have a lot of people that would rather not have pay that, so they're coming in and they're building plants… We're getting them fast approvals,' Trump said. Jul 09, 2025 22:23 IST Trump Tariffs Live Updates: Sri Lanka Slapped With 30% Tariff The US imposed 30% tariff on Sri Lanka. Jul 09, 2025 20:45 IST Trump Tariffs Live: Indian Drug Prices For US Market May Rise As Trump Mulls 200% Import Tariff Indian pharmaceutical companies may be forced to hike prices of medicines exported to the United States if the Trump administration moves ahead with its proposed import tariff of up to 200 per cent, industry sources have said. The sharp increase in duties could severely impact cost structures, especially for smaller drugmakers operating on narrow profit margins. 'It is still an evolving situation. We think that it (tariff) cannot be that much because it would also increase the cost for buyers in the US. In the worst-case scenario, if it happens, then we will have to increase the prices accordingly, we don't have a choice there as we operate on low margins,' a senior industry executive told PTI. Jul 09, 2025 18:36 IST Trump Tariffs Live: Bank Of England Warns US Tariffs Could Threaten UK Financial Stability The Bank of England has warned that rising global tensions and unpredictable US tariffs could pose serious risks to the UK's financial system. In its latest half-year report, the Bank pointed to ongoing trade disputes between the US and China, along with conflicts in Iran, Gaza, and Ukraine, as key areas of concern. 'As an open economy with a large financial sector, these risks are particularly relevant to UK financial stability,' it added. Jul 09, 2025 17:11 IST Trump Tariffs Live: EU Races To Finalise Trade Deal With US Ahead Of Tariff Deadline The European Union is pushing to secure a trade agreement with the United States within days to avoid the return of steep tariffs, an EU trade spokesman said on Wednesday. Talks have intensified following US President Donald Trump's decision to extend the tariff deadline from July 9 to August 1. EU trade spokesman Olof Gill said the bloc is ready to strike a deal and that reaching an agreement now depends on both sides finding common ground. Without a resolution, the two powers risk reigniting a damaging trade war. Jul 09, 2025 16:24 IST Trump Tariffs Live: Trump's 50% Copper Tariff And 200% Pharma Threat: What It Means For India Trump's tariff push on copper and pharmaceuticals is set to test India's export resilience. On July 8, US President Donald Trump announced a 50 per cent tariff on copper imports and said that tariffs on pharmaceutical imports could reach as high as 200 per cent within a year. Jul 09, 2025 15:59 IST Trump Tariffs Live: Global Markets Gain Ground Ahead Of Trump's New Tariffs Global shares moved mostly higher on Wednesday, with investors reacting to ongoing trade negotiations sparked by the Trump administration's push for stronger deals. After a mixed session on Wall Street, early trading in Europe showed gains across major indexes — Germany's DAX rose 0.7%, the UK's FTSE 100 edged up 0.1%, and France's CAC 40 climbed 0.8%. In Asia, Japan's Nikkei 225 closed 0.3% higher, while South Korea's Kospi added 0.6%, as both countries work to finalise trade agreements with the United States before new US tariffs take effect on 1 August. Meanwhile, futures for the S&P 500 and Dow Jones in the US were also up 0.1%, signalling cautious optimism among global investors.
&w=3840&q=100)
Business Standard
an hour ago
- Business Standard
Trade union strike: Normal life remains unaffected; sporadic violence in WB
Normal life was not impacted in most parts of the country due to a nationwide strike called by the 10 central trade unions to protest against the labour policies of the Centre, though some sporadic incidents of violence were reported from West Bengal. However, the trade unions claimed that the strike was successful, and a large number of workers abstained from work, impacting postal, banking, insurance, and mining sectors. Reports of violence were received from pockets of West Bengal after Left-wing activists clashed with police and supporters of the ruling Trinamool Congress in some districts. Left-leaning bank unions, All India Bank Employees Association, All India Bank Officers Association and Bank Employees Federation of India also supported the strike, leading to disruption in services in some parts of the country. However, there was no impact on private sector banks and many large public sector banks like State Bank of India, Punjab National Bank and Bank of Baroda. The All India Power Engineers Federation claimed that over 2.7 million power sector workers hit the road across the country to protest against privatisation. In a statement, a forum of the 10 central trade unions said there was a bandh-like situation in many states of the country. They include Puducherry, Assam, Bihar, Jharkhand, Tamil Nadu, Punjab, Kerala, West Bengal, Odisha, Karnataka, Goa, Meghalaya, and Manipur. Reports of partial bandhs were also received from parts of Rajasthan, Haryana, Telangana, and Andhra Pradesh, among others, the forum said. There were industrial and sectoral strikes held in Madhya Pradesh, Maharashtra, Uttar Pradesh, Uttarakhand and Gujarat, it added. Several political parties supported the strike call, including the Congress, Communist Party of India (Marxist), and Communist Party of India. In Bengaluru, Congress general secretary Randeep Singh Surjewala said the nationwide strike is aimed at opposing the Narendra Modi government's 'anti-worker and anti-farmer' policies, and its 'failures' to create jobs and fill existing vacancies. In Odisha, the Biju Shramik Samukhya, a trade union affiliated to the Opposition Biju Janata Dal (BJD), joined the protests. In Telangana, Bharat Rashtra Samithi leader K Kavitha said that her party and Telangana Jagruti supported the strike as the BJP-led government at the Centre has eroded workers' rights. The trade unions have said that the central government is implementing reforms that weaken workers' rights. They called the one-day strike in support of their demand for doing away with the four labour codes along with contractualisation, privatisation of public sector undertakings and increasing minimum wages to ₹26,000 per month, among others. The forum had last year submitted a 17-point demand to Labour Minister Mansukh Mandaviya. The government has not been conducting the annual labour conference for the last 10 years, the forum claimed. However, the Confederation of All India Traders, which BJP Lok Sabha member Praveen Khandelwal leads, said there was no impact of the strike on commercial activity in the national capital.
