BRICS flags Courtesy: Government/ZA/Flickr
26 March 2013

A mandate for BRICS Bank

At the 5th BRICS Summit that begins in South Africa today, the heads of state of Brazil, Russia, India, China and South Africa are expected to ratify the creation of the BRICS Bank. After discussion and study for over a year by the respective governments, the bank will be launched with seed money estimated at between $50 billion to $100 billion, and most likely an equal share of voting rights for the management of the bank. What remains

Weaver_in_India sandstein_0 Courtesy: Sandstein/WikimediaCommons
9 August 2012

Democracy and enterprise

If the creation and consolidation of small enterprises is supported, the resultant growth in employment and incomes will further India’s development. This will increase the vibrancy and sustainability of our democracy.