FM Sitharaman in Jaipur for BRICS meet today; finance ministers, central bank governors to discuss key issues
Jaipur, Aug 12
Union Finance Minister Nirmala Sitharaman is in Jaipur to attend the two-day meeting of BRICS finance ministers and central bank governors, being held under India's BRICS presidency.
The two-day meeting will begin at 11:15 a.m. on Wednesday at Hotel Rambagh in the state capital with finance ministers and central bank governors from the 11 BRICS member countries deliberating on key economic and financial issues.
RBI Governor Sanjay Malhotra also arrived in Jaipur late Tuesday night.
FM Sitharaman and Malhotra are scheduled to address the inaugural session, which will focus on financial and central banking issues of importance to BRICS economies.
FM Sitharaman was welcomed in Jaipur on her arrival late Tuesday night by Rajasthan Deputy Chief Minister Diya Kumari and Chief Secretary V. Srinivas. BJP state president Madan Rathore was also present. The two-day meeting will discuss several issues related to the economic and financial interests of BRICS nations, including economic growth, financial liberalisation and risk management. The meeting is scheduled to conclude at 12:30 p.m. on Thursday.
As part of the programme, representatives of BRICS nations will visit City Palace, Jaipur, at 5 p.m., where a special cultural programme showcasing Rajasthan's rich heritage has been organised for the delegates. This is the second time that the annual meeting of BRICS finance ministers and central bank governors is being held in Jaipur.
The annual gathering was established 18 years ago amid the global financial crisis and has since emerged as an important platform for discussions on global economic and financial challenges.
Jaipur previously hosted the meeting in 2021, during the Covid-19 pandemic. Discussions at that time focused on economic recovery, vaccination, policy support, digital health, social infrastructure and financial inclusion. Representatives of Brazil, Russia, India, China and South Africa also discussed the implications of the European Union's Carbon Border Adjustment Mechanism during the 2021 deliberations.
The current meeting comes as India holds the BRICS presidency, with participating countries expected to deliberate on strengthening economic cooperation and addressing emerging challenges facing the global economy.
— IANS
Reader Comments
Good to see India taking lead in BRICS presidency. FM Sitharaman and RBI Governor working together on key global financial issues is reassuring. But I hope the discussions also focus on practical solutions for inflation and job creation back home.
BRICS has become a crucial platform for emerging economies. With 11 members now, it's even more significant. Hope they address issues like de-dollarization and fair trade practices. Jaipur is a beautiful venue for such an important gathering. 👏
While I appreciate the diplomatic significance, I wish such meetings would translate into tangible benefits for common citizens. What concrete outcomes can we expect for small businesses and farmers from these high-level talks? Just saying...
Rambagh Palace is an iconic venue! The blend of royal heritage with modern economic diplomacy is quintessentially Indian. Being held under India's presidency, this is a chance to strengthen ties with emerging economies and push for reforms in global financial institutions. All the best to FM Sitharaman! 🙏
Interesting that India is hosting this after the expansion. The global economic landscape is shifting and BRICS is becoming a counterweight to Western-dominated institutions. Would love to see more transparency in how these meetings shape policy.
We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.