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Russia may be hit by recession, says minister

Russia may be hit by recession, says minister

Moscow, April 13 The Russian economy could slip into recession this coming fall unless measures to stimulate growth are urgently implemented, Economy Minister Andrei Belousov said. “We will propose economic stimulation measures,”...
BRICS Summit: MUTUAL INTERESTS IMPERATIVE…

BRICS Summit: MUTUAL INTERESTS IMPERATIVE…

BRICS Summit MUTUAL INTERESTS IMPERATIVE By Monish Tourangbam Associate Fellow, Observer Research Foundation, New Delhi New Delhi, April 01, 2013 : How to align national interests with multilateral goals and objectives, was the big question before the...
India is world’s fourth largest energy consumer

India is world’s fourth largest energy consumer

Washington, March 21  India, currently the fourth largest energy consumer in the world, together with China will account for the biggest share of Asian energy demand growth through 2035, according to a new report. The fourth largest energy consumer after...
BRICS to mull development bank, forex reserve pool

BRICS to mull development bank, forex reserve pool

Beijing, March 21  Leaders of BRICS countries will consider establishing a development bank and foreign exchange reserve pool at its fifth summit, a Chinese foreign ministry official said. The summit of BRICS countries, namely Brazil, Russia, India,...
US, Russia, EU are India’s foreign policy pillars: Khurshid

US, Russia, EU are India’s foreign policy pillars: Khurshid

Brussels, Feb 01  Relationships with the US, Russia, the ASEAN, Africa and the European Union (EU) are the pillars on which India’s foreign policy stands today, External Affairs Minister Salman Khurshid said. Khurshid Thursday ended a two-day visit...
Russia may become Venezuela’s No.1 oil partner

Russia may become Venezuela’s No.1 oil partner

Caracas, Jan 31  Venezuelan state-owned oil company PDVSA has signed a series of offshore gas development and drill-rig import agreements here with Russian state-controlled Rosneft, bolstering an alliance with a country that Caracas expects will be its...
Russian scientists seek funds for glacier projects

Russian scientists seek funds for glacier projects

Moscow, Jan 19  Russian scientists need more funding for the study of glaciers, especially in the Caucasus and Siberia, a top researcher said. “Glaciers are retreating everywhere,” said Vladimir Kotlyakov, president of the Glaciological Association...
BRICS should cooperate to modify international tax standards : Chidambaram

BRICS should cooperate to modify international tax standards : Chidambaram

New Delhi, Jan 18  Finance Minister P. Chidambaram urged the BRICS countries to be more proactive in modifying existing standards on international taxation and transfer pricing to safeguard their tax revenue interests. Inaugurating the meeting here of...
Russia allows hijab on work permit photos

Russia allows hijab on work permit photos

Moscow, Jan 12  Russia will now allow applicants for employment permits to be photographed with their head covered, if required by their religious beliefs, a media report said. A decree, signed by Federal Migration Service (FMS) chief Konstantin Romondanovsky,...
Russia to issue combined ID-payment cards

Russia to issue combined ID-payment cards

Moscow, Dec 28  Russian authorities will start issuing universal identity and payment cards in 2013 to streamline the payment of pensions and taxes. They can be used like bank cards in stores. The universal card, implanted with an electronic chip, will...
Russia, South Africa discussing joint weapons development

Russia, South Africa discussing joint weapons development

Moscow, Sep 18  Russia and South Africa are discussing the possibility of joint development of defence-related products, Russia’s state-run arms exporter Rosoboronexport said. “There is a great potential (for joint projects) in the area of...
Russia, Britain discussing space projects: Putin

Russia, Britain discussing space projects: Putin

London, Aug 3  Russia and Britain are discussing a number of space projects, Russian President Vladimir Putin said. “We plan to launch several British satellites,” Putin said while summing up his short visit to London. “We would like...
BRICS nations working to facilitate intra-grouping trade

BRICS nations working to facilitate intra-grouping trade

New Delhi, July 20  BRICS countries are currently moving ahead in areas in which the five member-countries can easily cooperate such as trade facilitation, said an Indian government official. “We are leaving out contentious issues at the moment...
Russia to spend $280 mn on flood-hit town

Russia to spend $280 mn on flood-hit town

Moscow, July 16 Russia will allocate nine billion rubles (around $280 million) to restore the southern town of Krymsk that was severally damaged by floods caused by torrential rains, RIA Novosti reported. The fund would be allocated by the Krasnodar regional...
China, Russia sign electrical cooperation deal

China, Russia sign electrical cooperation deal

Moscow, June 22 China and Russia have signed an agreement on electrical cooperation on the sidelines of the ongoing St. Petersburg International Forum (SPIEF), Xinhua reported. The deal was signed among Russia’s power company IDGC Holding, Russia’s...
BRICS nations explore options to protect currencies

BRICS nations explore options to protect currencies

Los Cabos (Mexico), June 19  India, Brazil, Russia, China and South Africa Monday explored mechanisms, such as swap arrangement and a reserve fund. to protect their currencies against external risks. The mechanisms were discussed during an informal meeting...
Kazakhstan allows Russia to resume space launches

Kazakhstan allows Russia to resume space launches

Moscow, June 16  Kazakhstan has given Russia permission to carry out launches from the Baikonur space centre, Kazakh Prime Minister Karim Massimov said after talks with his Russian counterpart Dmitry Medvedev. Russia and Kazakhstan have failed so far...
Russia launches US satellite from floating pad

Russia launches US satellite from floating pad

Moscow, June 2  Russia has put a US communications satellite into space from a sea-based launch pad, said the country’s space agency Roscosmos. According to the mission control centre, the Zenit-2SL carrier rocket, carrying the US Intelsat 19 telecoms...
Russia, Kazakhstan in deadlock over rocket launches

Russia, Kazakhstan in deadlock over rocket launches

Astana, May 30  Russia and Kazakhstan have failed to reach an agreement on a new drop zone for the debris of Russian carrier rockets being launched from the Baikonur space centre in Kazakhstan. Russia’s Kommersant daily said in an article recently...
BRICS and Brickbats: REMAINING A SALAD BOWL …

BRICS and Brickbats: REMAINING A SALAD BOWL …

BRICS and Brickbats REMAINING A SALAD BOWL By Shreya Upadhyay Research Scholar, School of International Studies (JNU) New Delhi, April 09 : Yet another year has gone by for the fancy ‘clubbing five’ emerging powers with mother-hood statements and...