Ufa (Russia): Prime Minister Narendra Modi on Thursday proposed that the BRICS nations host an annual trade fair, adding that India would be happy to host the first such event of the five-nation bloc.
“I will propose an annual BRICS trade fair. India will be happy to host the first BRICS trade fair,” Modi said in his remarks at the BRICS Business Council meeting at the seventh BRICS Summit.
Modi said that economic cooperation among the five countries of Brazil, Russia, India, China and South Africa is very important and would give a boost to manufacturing.
Modi spoke in Hindi and stressed the five nations should create synergies seeing each other’s advantages.
He said cooperation would also give a boost to skill development.
He said the BRICS New Development Bank has become a reality and has an Indian as its head in M.V. Kamath.
He proposed cross-BRICS collaboration and said the $100 billion BRICS Contingency Reserve Arrangement would help calm the economies.
He said customs arrangement among the BRICS nations would be a major step in boosting trade.
The five BRICS countries represent almost three billion people, or approximately 40 percent of the world population and have a combined GDP of $16.039 trillion, or 20 percent of the gross world product.
Russia’s Bashkortostan is hosting the seventh BRICS summit and the 15th Shanghai Cooperation Organization (SCO) summit in capital Ufa where around 10,000 visitors are expected during the two back-to-back summits.
The BRICS summit is set to formalize the $100 billion BRICS New Development Bank and a currency reserve pool worth another $100 billion.
Russia assumed the BRICS rotating leadership in April 2015. (IANS)
The Modi government hasnt scored too well on farmers issues, jobs and prices of essential commodities at the end of its four years in power, according to an online survey that also found a substantial number of people calling its performance “below expectations”.
The survey done by LocalCircles, a community social media platform, says that 43 per cent of those who participated in the poll rated the government as performing below expectations, 29 per cent rated it as meeting them and 28 per cent said the government was “exceeding expectations.
“Most performance parameters (of the government) show a decline over time as the gap between expectations set and impact on daily life rises,” according to the survey done with over 62,000 citizens from over 250 districts across the country. Thirty-five per cent respondents were females.
According to LocalCircles, each person who voted in the survey is registered with the portal with their detailed information and in many cases they shared their residential address.
The respondents have rated the government low on reducing crime against women and children, generating employment, improving farmers life, lowering cost of living and healthcare, the survey says.
However, it has scored well on improving India’s image globally, handling of Pakistan, fighting terrorism, infrastructure development and reducing tax harassment.
“Around 60 per cent citizens said price of essential commodities and cost of living have not reduced. Only 33 per cent believe that the price of essential commodities have come down in the last four years.”
According to the poll, around 32 per cent respondents feel that crime against women and children have reduced in the last four years while 58 per cent feel otherwise.
In the area of healthcare, only 32 per cent respondents believe that facilities and services have improved in the last four years whereas 62 per cent say no it has not.
On the state of the economy, 54 per cent respondents believe that the unemployment rate hasn’t reduced in the last four years, while 35 per cent think otherwise.
Around 46 per cent respondents believe that doing business in India was now easier while 39 per cent say it is not the case.
The respondents were asked if sufficient new infrastructure development — roads, power, irrigation, broadband — had taken place in the last four years.
“Approximately 65 per cent said yes while 29 per cent said no.”
Around 49 per cent respondents believe that corruption in India has reduced in the last four years while 44 per cent believe it has not reduced.
Asked if they felt India’s image had improved, 82 per cent said yes while 13 per cent said no.