BhikhuMhatre @MumbaichaDon (Being Informed)
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In an indirect swipe at the United States, Brics members on Friday raised “serious concerns” over the unilateral imposition of trade and finance-related measures, including higher tariffs and non-tariff barriers, saying they distort trade and are inconsistent with WTO rules.
The reference to unilateral trade and finance-related actions is significant as the US has pursued sweeping tariff measures against trading partners.
Prime Minister Narendra Modi Ji on Friday said at a time when trade barriers are increasing in the world, India is building “economic bridges”, and asked business leaders to identify barriers that can be removed.
The PM urged the Brics Business Forum, which comprises captains of industry from member countries, to recommend removing “top ten trade barriers”, support at least a 100 Brics startups every year to scale their business to other Brics markets and explore opportunities to forge partnerships between a 1,000 businesses of the 11-member grouping.
PM Modi Ji Bilateral meeting today
🇪🇹 Ethiopian PM : 10 AM
🇲🇾 Malaysian PM : 10.30 AM
🇦🇪 UAE (Crown Prince) : 11 AM
🇻🇳 Vietnamese PM : 11.30 AM
🇨🇳 Chinese President : 5.45 PM
China to RESUME direct Delhi–Guangzhou flights after 6 years, as PM Modi Ji & Chinese President Xi Jinping will meet today.
Meanwhile, Xi’s aircraft ENTERS Indian airspace as he heads to Delhi for the BRICS Summit.
Moreover, Abu Dhabi Crown Prince meets PM Modi Ji.
Cai Qi is accompanying Chinese Prez to Delhi. Qi is one of the most powerful people in China after Xi Jinping. Ranks 5th on the 7-member Politburo Standing Committee & is director of the CCP General Office (controls Xi's schedule, documents, internal communications).
Delhi: Chinese President Xi Jinping arrives in Delhi to participate in the BRICS Summit 2026.
PM Modi Ji is scheduled to hold a bilateral meeting with the Chinese President later today.
The RBI rejected estimates that its record foreign-currency deposit drive will prove costly, saying the inflows will instead generate additional income as it deploys the dollars overseas, Governor Sanjay Malhotra said.
The comments come as the RBI deals with the fallout from record foreign-exchange inflows. The resulting surge in rupee liquidity risks pushing down borrowing costs and complicating efforts to keep monetary conditions aligned with its policy stance.
RBI Governor Sanjay Malhotra announced the launch of new products on the UPI.
This includes an ability to tap-to-pay using UPI at PoS terminals and a customer support solution that works on a small language model called Finance Model for India (FiMI).
BHARAT'S FOREX RESERVES SURGE TO RECORD $785.7 BILLION
India’s foreign exchange reserves jumped by a record $44.90 billion to reach an all-time high of $785.71 billion. The historic surge was driven by massive capital inflows from the Reserve Bank of India’s targeted liquidity measures, including a specialized deposit scheme for Non-Resident Indians.
'We're happy to see Egypt growing stronger under your leadership because it is our reliable friend' — Putin to Sisi
Putin highlights Egypt's participation in the upcoming Russia-Africa summit in Moscow this October
Pakistan is trying to avoid being drawn into the Saudi–Houthi conflict despite its defense commitments to Riyadh, while also seeking to preserve its relations with Iran.
"Pakistan is trying to keep a low profile in the Saudi-Houthi conflict because Pakistan's own stakes are high. It does not want to spoil relations with Iran," a Pakistani official said.
Islamabad has conveyed Saudi warnings to Tehran to restrain the Houthis while simultaneously pushing for a diplomatic solution.
Pakistan says no military response is currently under discussion.
For now, Pakistani sources say any involvement would be limited to defending Saudi territory, rather than sending troops into Yemen or participating in retaliatory strikes.
— Reuters
Two Years Without 5G, Villagers Tie Jio Employee to Tower
Villagers in Hardauli, Fatehpur tied a Jio network employee to a mobile tower after delays in restoring 5G connectivity.
Residents cited disrupted online classes and digital payments, claiming repeated complaints had yielded no solution.
Sattu and makhana have been included in the welcome kit for delegates and journalists to highlight India’s diverse food traditions.
Critical minerals featured prominently during PM Modi, Prez Putin talks, officials say; both sides treating exploration, processing and recycling as a supply-chain and national-security issue.
labour-mobility track is on the table during PM Modi, Prez Putin talks. Sources say India wants more skilled workers placed in Russia’s construction, engineering and IT sectors under the framework signed last year.
