PM & FM In Russia | India's power push: Report from Ufa

Описание: Prime Minister Narendra Modi will reach Russia on Wednesday afternoon (July 8) on a three-day visit to attend the BRICS and Shanghai Cooperation Organization summits, on the sidelines of which he is likely to meet his Pakistani counterpart Nawaz Sharif and Chinese President Xi Jinping. India has till now only an Observer status in the grouping whose focus is on boosting connectivity, counter- terrorism cooperation, bolstering cooperation in energy sector, enhancing trade and dealing with drug trafficking. The summit of five-nation BRICS (Brazil, Russia, India, China and South Africa) will see discussions on enhancing cooperation in the economic area. With the BRICS Development Bank already set up, the summit could also look at the possibility of starting credit facility in local currency. The first head of the bank is noted Indian banker K V Kamath. TIMES NOW's Padmaja Joshi brings the very latest from Ufa in Russia.

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