Brazil Finance Minister

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  Crisis Shadow On India's Economy, Predicts Member Of PM Modi's Think Tank

  The Indian economy is running the risk of a structural crisis, and could soon be ensnared in a "middle-income trap", eventually becoming like Brazil or South Africa, according to Rathin Roy, member of the Prime Minister's Economic Advisory Council and Director of National Institute of Public Finance and Policy.

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  BRICS Contingent Reserve Arrangement Operational: Arun Jaitley

  A crucial economic mechanism to help BRICS member nations - Brazil, Russia, India, China and South Africa - deal with economic crisis, like balance of payments pressures, has become operational, said finance minister Arun Jaitley today. The Contingent Reserve Arrangement or CRA was declared operational, after being signed more than a year ago, in 2...

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  Ex-Finance Minister Under Luiz Inacio Lula Da Silva Lula, Dilma Rousseff Arrested In Brazil: Media

  Brazilian police Thursday arrested Guido Mantega, a former finance minister under presidents Luiz Inacio Lula da Silva and Dilma Rousseff, as part of the investigation into the vast Petrobras corruption scheme, media reported.

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  'Scissorhands' Joaquim Levy, Brazil's New Finance Minister

  Joaquim Levy, Brazil's new finance minister, is an economist and banking executive widely seen as pro-market, hawkish and orthodox, earning him the nickname "Scissorhands" for his steely budgetary management.

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  If Re-Elected, 'New Government, New Team': Brazil's Rousseff

  Brazil's president Dilma Rousseff said she would make changes in her cabinet if elected for a second term after a reporter asked her on Thursday if she planned to replace Finance Minister Guido Mantega.

• Finance Minister Arun Jaitely Not to Attend BRICS Summit in Brazil

  Indian Finance Minister Arun Jaitley will not attend the BRICS summit in Brazil next week as his presence will be required in Parliament for passage of the Budget.

• Arun Jaitley Not to Attend BRICS Summit in Brazil

  Finance Minister Arun Jaitley will not attend the BRICS summit in Brazil next week as his presence will be required in Parliament for passage of the Budget.

• Finance Minister Arun Jaitley May Not Accompany PM Modi to BRICS Summit in Brazil

  Finance Minister Arun Jaitley might not accompany Prime Minister Narendra Modi on his visit to Brazil for a BRICS summit next week, as his presence is required in Parliament with the Budget session now on, sources have said.

• BRICS to set up their bank within five years, progress slow: Russia

  The bank is being set up by Brazil, China, India and South Africa to fund infrastructure projects. But it has been slow in coming, with prolonged disagreements over funding and management of the institution.

• BRICS to set up development bank, create $100 billion contingency reserve

  BRICS nations decided on Wednesday to establish a new development bank to finance infrastructure and to create a $100 billion Contingency Reserve Arrangement to tackle any financial crisis in the emerging economies.

• BRICS leaders say yes to launch of development bank

  Leaders of BRICS countries made the big-ticket announcement today in Durban of the launch of a development bank. The leaders, however, failed to agree on how much initial capital the bank needs.

• BRICS leaders approve launch of development bank

  Leaders at the BRICS Summit - where the Indian delegation was headed by Prime Minister Manmohan Singh approved the creation of a bank on the lines of the World Bank and the International Monetary Fund (IMF) to address the development needs of emerging and poor economies.

• BRICS nations agree to set up development bank

  The finance ministers of the BRICS group of nations - Brazil, Russia, India, China and South Africa - today gave a go ahead to set up a development bank, which would challenge the domination of US backed institutions like the International Monetary Fund and the World Bank.

• BRICS nations to take a call on setting up development bank

  The Summit of BRICS nations here tomorrow may take a call on the setting up of a development bank notwithstanding some key issues dogging it even as the leaders will advocate reforms of the global governance architecture.

• BRICS group pledges to check abuse of tax treaties

  Expressing concern over the abuse of tax avoidance treaties, the BRICS grouping including India, China and Russia today pledged to enhance mutual cooperation to prevent erosion of revenue.