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PM Modi proposes annual BRICS trade fair, $100 billion contingency reserve arrangement

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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.

Narendra-ModiModi 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)

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Priyanka Chopra scores Base 25 Million Followers; Ahead Of Modi, Big B

Priyanka is an ardent user of digital platforms and uses social media to stay connected with her fans and followers.

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Priyanka Chopra Has Big Plans Set For Hollywood. Flickr
Priyanka Chopra Has Big Plans Set For Hollywood. Flickr

Here’s a new feather on Priyanka Chopra’s decorated hat. The actress has scored a fan base of 25 million on Instagram, leaving behind Indian icons like Prime Minister Narendra Modi and megastar Amitabh Bachchan’s followers on the photo-sharing platform.

Modi has 13.5 million followers, while Big B has a score of 9.5 million. Priyanka, 35, is also ahead of Virat Kohli (22.7 million), Shah Rukh Khan (13.3 million), Salman Khan (17.3 million), Aamir Khan (1.2 million) and Deepika Padukone (24.9 million).

Fondly called as the “Desi girl”, Priyanka thanked her fans for showering her with so much of love.

“25 million strong… Thank you for the love… Love you right back,” she wrote on her Instagram Stories on Thursday.

A former Miss World, Priyanka carved her niche in the Hindi cinema world before making inroads into Hollywood, beginning by launching a singing career and then landing the lead role in American television show “Quantico”.

The show gave her global popularity, which also led her to bag the villain's role in "Baywatch" and also a part in "A Kid Like Jake".
The show gave her global popularity, which also led her to bag the villain’s role in “Baywatch” and also a part in “A Kid Like Jake”. Flickr

The show gave her global popularity, which also led her to bag the villain’s role in “Baywatch” and also a part in “A Kid Like Jake”.

Now she is keeping the paparazzi busy as she is rumoured to be in a relationship with pop singer Nick Jonas, who has a following of 15.5 million on Instagram.

Priyanka is an ardent user of digital platforms and uses social media to stay connected with her fans and followers.

On the acting front, Priyanka will soon be seen sharing screen space with Salman in the upcoming film “Bharat”, directed by Ali Abbas Zafar.

Also read: Priyanka Chopra’s subtle reply when asked about her marriage

Priyanka will be teaming up with Salman on the big screen after a gap of 11 years, after their last appearance in “God Tussi Great Ho” in 2008. “Bharat” is an official adaptation of a 2014 South Korean film “Ode To My Father”. (IANS)