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India to strengthen financial cooperation framework during BRICS presidency

Xinhua, February 15, 2016 Adjust font size:

India will focus on strengthening financial cooperation framework of BRICS countries during its presidency this year, said a local newspaper Monday.

The local daily The Pioneer quoted official sources here as saying that New Delhi, which took over the BRICS presidency this year from Russia on Monday, will be "carrying the New Development Bank (NDB) agenda forward."

"In line with the PM (Narendra Modi)'s thinking we will take BRICS to people and to the provinces through trade fair, film festival, wellness festival, yoga, youth and people. That will be the key focus during India's presidency," the report quoted the sources as saying.

The Indian prime minister made 10 suggestions for future cooperation of BRICS countries during the group's last summit in Ufa, Russia, last year.

"Focus will be on integration and consolidation of the announcements made by the PM last year at Ufa. During the chairmanship our focus will be on operationalizing and streamlining mechanisms established thus far and imparting them greater focus," the sources was quoted as saying.

"Plan is to give further meaningful addition to the financial architecture within the BRICS framework," the sources said.

The BRICS groups Brazil, Russia, India, China and South Africa. Endit