Showing posts with label BRICS. Show all posts
Showing posts with label BRICS. Show all posts

26 April 2012

India to lose the 'I' in BRICS????

New Delhi: Indian babus tried to persuade S&P men to raise its rating , but were rudely shocked at what transpired thereafter.
Standard & Poor's (S&P) credit analyst Takahira Ogawa listened politely as Indian govt officials at the finance ministry made an hour-long pitch for a ratings upgrade, citing economic growth prospects, revenues and their efforts to contain the government's fiscal deficit.

26 March 2012

BRICS boost foreign aid spending on health

Some of the so-called BRICS countries, which include Brazil, Russia, India, China and South Africa, have traditionally received aid, but fast economic growth over the past decade is turning them into new donors to the world's poor.