BRICS Expansion

-


The five-member BRICS have invited six more nations to join the alliance on Thursday (August 24),

The group owes its name to the initials of its five member states. They are Brazil, Russia, India, C hina, and South Africa. In its recent 15th summit at Johannesburg in South Africa, BRICS has invited Iran, the United Arab Emirates, Saudi Arabia, Argentina, Egypt, and Ethiopia. Their membership will begin in January.

Approximately two dozen countries had formally applied to join the group, but there had to be consensus among its existing five members for candidate countries to be admitted.

BRICS currently represents around 40% of the world’s population and more than a quarter of the world’s GDP.

With the additions, it will represent almost half the world’s population, and will include three of the world’s biggest oil producers, Saudi Arabia, the UAE and Iran.

The formation of BRICS in 2009 was driven by the idea that the four emerging markets of Brazil, Russia, India, and China would be the future economic powerhouses of the world. South Africa was added a year later.

Comments

Post a Comment

Popular posts from this blog

Sanskrit Books and Authors in Ancient India

-
  Books Authors Abhigyan Shakuntalam (Recognition of Shakuntala) Kalidasa Aihole Prasasti Ravikirti Amarakosha   Amarasimha   Arthashastra Kautilya Ashtadhyayi   Panini Bhattikavya Bhatti Brihat Samhita   Varahamihira Buddhacharita   Asvaghosa   Charaka Samhita ( Compendium of Charaka ) Charaka Devichandraguptam   Vishakhadatta Gita Govinda  ( Song of the Cowherd) Jayadeva Gatha Saptashati Hala Lilavati   Bhaskara II   Hammira Mahakavya   Nayachandra Suri Janakiharana   ( Janaki's abduction) Kumaradasa   Kama Sutra Vatsyayana Kathasaritsagara (Ocean of the Streams of Stories )
Read more

Turkan-i-Chahalgani, the Group of Forty

-
Amir-i-Chahalgani, known variously as Turkan-i-Chahalgani and Chalisa (The Forty), was a group of 40 faithful slaves which came into existence with the task of protecting Shamsuddin Iltutmish, the third Slave Sultan of Delhi Sultanate. The idea to form the group was taken by him when he came to realize that Turkish nobles cannot be trusted and could be a threat to his rule. With the passage of time the group went on to become very influential and powerful. Though Iltutmish succeeded in keeping the group under control, after his rule they became notorious and intrigued against nearly all his successors.  The Forty acquired domination on the affairs of the state so much so that no ruler could defy them. Without their support it was utterly out of questions for the rulers to win the battle for succession. The members of this Turkish nobility used to appropriate all the offices of the state to themselves. Some of the rulers of the Slave dynasty after Iltutmish were murdered by these slaves
Read more

Hala – The Satavahana king who wrote Saptasataka

-
Hāla was a Satavahana king who is traditionally assigned the authorship of Saptasataka (Seven Hundred) or Gathasaptashati, the most important literary work in Prakrit. Written in the Arya metre, Saptasataka is a collection of self contained stanzas full of beauty.  Out of seven hundred poems, some forty-four were penned by Hala, who, according to the Matsya Purana, was the 17th Satavahana ruler.  Hāla ruled in the Deccan in the 1st century AD.   The Maharashtri Prakrit work " Lilavati Parinayam " narrates his romance and marriage with Lilavati, a princess of Simhaladvipa (identified with modern Sri Lanka). Lilavati Parinayam was written by  Kuthuhala Koūhala.
Read more