Happy with India pacers, effect of discussions after Leeds Test: Morne Morkel
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Business Standard
9 minutes ago
- Business Standard
No country should use critical minerals as a weapon: PM Modi at Brics
Prime Minister Narendra Modi, on Monday (India time), urged Brics member states to work together to make supply chains for critical minerals and technology secure and reliable. In his intervention at the session during the Brics Summit in Rio de Janeiro on 'strengthening multilateralism, economic-financial matters, and artificial intelligence', the PM said: 'It's important to ensure that no country uses these resources for its own selfish gain or as a weapon against others,' the PM stated. China, which controls a significant share of the world's supply of critical minerals, especially rare earth elements, is a founder, along with India, Russia, and Brazil, of the 11-member Brics grouping, whose 17th Summit concluded on Monday evening. With Chinese President Xi Jinping skipping the summit, Premier Li Qiang represented China in Rio. A key objective of the PM's current foreign tour, his longest in a decade, is to focus on increasing cooperation in imports and processing of critical minerals, including rare earth elements, in four of the five countries he has visited or is scheduled to visit – Ghana, Namibia, Argentina, and Brazil. India's search for sourcing critical minerals, led by the PM, and his observations at the BRICS Summit in Rio come in the context of China's coercive tactics, including restricting supply and price manipulation in the sector. In his intervention, the PM welcomed the 17th Summit's emphasis on reforms in the international financial system. He said the Brics New Development Bank (NDB) has offered a strong and credible alternative to support the development aspirations of countries in the Global South. While approving projects, the NDB must focus on demand-driven approaches, long-term financial sustainability, and maintaining a healthy credit rating, Modi said. 'Strengthening our internal systems will further enhance the credibility of our call for reformed multilateralism,' he added. The PM also flagged concerns about risks, ethics, and bias in artificial intelligence, and appealed to member countries to work together for 'responsible AI,' for which 'global standards must be created to verify the authenticity of digital content, so that we can identify the source of the content, maintain transparency, and prevent misuse.' He said India will host the 'AI Impact Summit' next year. India will also host the 18th BRICS Summit in 2026. A day after the Brics Rio de Janeiro Declaration voiced 'serious concerns about the rise of unilateral tariff and non-tariff measures which distort trade and are inconsistent with World Trade Organization (WTO) rules,' US President Donald Trump said he would impose an additional 10 per cent tariff on any country aligning with 'the Anti-American policies of BRICS'. 'There will be no exceptions to this policy,' Trump stated in a Truth Social post.
The Hindu
14 minutes ago
- The Hindu
50th anniversary of Emergency will sensitise next generation to dark days of democracy, says Joshi
Union Minister for Consumer Affairs, Food and Public Distribution Pralhad Joshi has said that the 50th anniversary of the Emergency declared in the country by the then Prime Minister late Indira Gandhi is being observed to sensitise the next generation to the dark days of democracy in the country's history. He was speaking at a 'Viksit Bharat Sankalp Sabha' and remembrance of the 50th year of the struggle during Emergency organised by Bharatiya Janata Party (BJP) in Dharwad on Sunday evening. 'Emergency was imposed on June 25, 1975 by Indira Gandhi who ruled for 21 months without Constitutional and moral authority. During that time, protests were suppressed, many protestors were imprisoned and several people lost their lives,' he said. 'Indira Gandhi was accused of misusing her power during the elections by Raj Narain who took the matter to court. Justice H.R. Khanna of the Allahabad High Court delivered the verdict in that case. That judgment copy is not available anymore,' he said. Mr. Joshi said that while the former Prime Minister late Jawaharlal Nehru initiated the first Constitutional amendment, his daughter Indira Gandhi later made several amendments, including Articles 38, 39, and 42. He said that having imposed Emergency on the people and making them suffer, the Congress is now claiming that the Constitution is in danger. The Union Minister said that under the leadership of Prime Minister Narendra Modi, the country has developed immensely in the last 11 years and become the fourth largest economy in the world. The former judge S.H. Mittalkod presided over the event. Hubballi-Dharwad Mayor Jyoti Patil, the former MLAs Amrut Desai and Seema Masuti and a host of municipal councillors and BJP leaders were persent.
Time of India
16 minutes ago
- Time of India
US trade threat: Donald Trump warns Brics nations of 10% tariff hike; bloc slams US trade policies
US President Donald Trump on Monday threatened to impose an additional 10% import tariff on China, India, and other Brics nations after the 11-member grouping criticised his trade policies during their summit in Brazil. 'Any Country aligning themselves with the Anti-American policies of Brics, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy,' Trump said in a post on social media. His remarks came after Brics leaders denounced the US tariff regime as 'indiscriminate', 'damaging', and 'illegal' in their joint statement on Sunday. The Brics bloc — which includes China, India, Brazil, Russia, South Africa, Saudi Arabia, the UAE, Egypt, Ethiopia, Iran, and Indonesia — accounts for nearly half the world's population and about 40% of global economic output. Once envisioned as a forum for fast-growing emerging markets, the expanded Brics now brings together both US adversaries such as Iran and Russia, and Washington's allies, including Saudi Arabia and Indonesia. While some US-aligned members sought to moderate the criticism by avoiding Trump's name in the joint declaration, it did little to placate the White House. Saudi Arabia, a key buyer of US weapons, went so far as to withdraw its foreign minister from Sunday's session and the official Brics 'family photo', AFP reported. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2025 Top Trending local enterprise accounting software [Click Here] Esseps Learn More Undo Tariff pressure mounts ahead of August 1 Trump's renewed tariff threat comes ahead of an August 1 deadline, by which the administration has demanded new trade deals from global partners or face sweeping unilateral duties. The Brics nations now appear likely to be targeted for steeper penalties. The latest backlash also follows a Brics statement condemning US and Israeli airstrikes on Iran's nuclear infrastructure — a move seen as bolstering member state Iran amid rising Middle East tensions. China defends Brics stance China rejected accusations that the Brics platform was hostile to the United States. 'China has repeatedly stated its position that trade and tariff wars have no winners, and protectionism offers no way forward,' said foreign ministry spokesperson Mao Ning in a briefing on Monday. 'Brics is not targeted at any country,' Mao added, calling the bloc an 'important platform for cooperation between emerging markets and developing countries.' The summit's momentum appeared weakened by the absence of key leaders. Chinese President Xi Jinping, who has never missed a Brics summit in 12 years, skipped this year's event. Russian President Vladimir Putin, wanted by the International Criminal Court over the Ukraine war, joined via video link. Despite the diplomatic strain, Putin told Brics counterparts the group has become a 'key player in global governance', underlining its growing geopolitical weight. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
