New Delhi hosts BRICS Summit adopting strategic New Delhi Declaration
Source:Indian Express ↗
આ શા માટે મહત્વનું છે
BRICS is a crucial pillar of India's multi-alignment foreign policy and a key vehicle for projecting Global South interests and reforming global governance architecture.
સારાંશ
The article covers the live updates and key developments of the BRICS Summit held at Bharat Mandapam in New Delhi, bringing together major global leaders including Prime Minister Narendra Modi, Vladimir Putin, and Xi Jinping to discuss strategic cooperation, multilateralism, and the New Delhi Declaration.
મુખ્ય મુદ્દા
- BRICS Summit hosted in New Delhi at Bharat Mandapam focusing on multilateral cooperation and Global South priorities.
- Discussions involving key world leaders like PM Narendra Modi, Vladimir Putin, and Xi Jinping.
- Adoption of strategic declarations addressing regional and international geopolitical developments.
મહત્વપૂર્ણ શબ્દો
BRICS
An intergovernmental organization of major emerging economies, originally comprising Brazil, Russia, India, China, and South Africa, which expanded to include additional nations (BRICS+) to amplify the voice of the Global South.
UPSC context
GS Paper II (International Relations - Bilateral, regional and global groupings and agreements involving India). Important for multilateral diplomacy.
New Delhi Declaration
The foundational outcome document adopted at the BRICS Summit, outlining member nations' shared commitments on global governance, multilateralism, counter-terrorism, and sustainable economic development.
UPSC context
GS Paper II (International Relations). Tests India's multilateral leadership, foreign policy objectives, and positions on global governance and security.
પ્રિલિમ્સ ટ્રેપ
Like the Bretton Woods institutions, the New Development Bank grants weighted voting rights and veto power to its founding members.
Aspirants often assume BRICS members possess veto power in the New Development Bank similar to the IMF/World Bank, whereas the NDB operates on an equal voting share model.
સંલગ્ન સ્થિર ખ્યાલો
What are the core governance features and founding objectives of the New Development Bank (NDB)?
- Establishment & Goal: Established by BRICS nations during the 6th BRICS Summit in Fortaleza (2014) to mobilize resources for infrastructure and sustainable development.
- Voting Structure: Each participating country holds one share with equal voting power (no veto powers), contrasting sharply with the weighted voting systems of the World Bank and IMF.
- Headquarters: Headquartered in Shanghai, China, with a regional office (Africa Regional Center) in Johannesburg, South Africa.
આંતર-વિષય પેટર્ન
BRICS Multilateralism and UNSC Reforms
BRICS advocacy for reformed multilateralism intersects directly with India's pursuit of a permanent seat in an expanded UNSC, linking plurilateral diplomacy to core national security objectives.
De-dollarization and Global South Financial Architecture
The push for local currency settlements in BRICS directly addresses balance of payments vulnerabilities and dollar dependency, connecting international finance with de-dollarization debates.
BRICS expansion criteria, NDB voting structure, and New Delhi Declaration mandates on UNSC reform will likely feature in a matching set.
સંલગ્ન PYQ · 3
સંલગ્ન PYQ · 3
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