Page 20 - NIS English 1-15 Oct, 2026

COVER STORY | BRICS 2026
n BRICS Remote Sensing Satellite
Constellation: Welcoming the achievements
of the remote sensing satellite constellation;
progress towards the BRICS Space Council
and the inclusion of new space agencies.
n Information Technology and Cybercrime:
Emphasis on a secure, stable, and
interoperable ICT environment; cooperation
towards implementing the UN convention
against cybercrime.
n Cybersecurity and Deepfakes: Cooperation
to tackle digital challenges such as cybercrime,
misinformation, disinformation, hate speech,
and deepfakes.
n Payments in Local Currencies: Efforts
to make cross-border payments between
BRICS nations faster, lower-cost, secure,
and accessible; ongoing discussions on trade
settlement in local currencies.
n Settlement and Depository Infrastructure:
Cooperation on sharing knowledge and
experience following the technical workshop
on settlement and depository systems.
n Invoice Discounting for MSMEs: Study
on establishing an invoice discounting
mechanism within BRICS under the ‘Jaipur
Consensus’; aim to provide working capital to
MSMEs.
ability, and rule-making. To ensure continuity within the
bloc, he proposed a ‘BRICS Continuity and Implemen- Concluding the declaration, member nations expressed
tation Mechanism,’ designed to prevent any disruption
in the monitoring and execution of decisions despite
the annual rotation of the presidency. Additionally, he
suggested establishing a ‘Seafarers’ Emergency Support
18 NEW INDIA SAMACHAR || Oct 1-15, 2026
n Global Value Chains: Emphasis on making
BRICS global value chains resilient and
inclusive, while also advancing developing
countries into high-value segments.
n BRICS Grain Exchange: Further discussion
on the initiative to establish a grain trading
platform/BRICS Grain Exchange; potential for
expansion to include other agricultural products
and commodities.
n BRICS AGRIN: Agreement to establish
BRICS AGRIN for agricultural inputs, genetic
resources, and information; welcoming the
global platform on farmers’ rights in seed
systems.
n Energy Security: Emphasis on energy security,
stable energy markets, and resilient energy
infrastructure; welcoming the BRICS Youth
Energy Summit.
n Smart Grids and Energy Storage: Welcoming
the BRICS Guiding Principles on Smart Grids
and Energy Storage, an initiative for a Digital
Center of Excellence for smart grids and
energy storage.
n Climate Change and the Paris Agreement:
Emphasis on the full implementation of the
Paris Agreement, adaptation, loss and damage,
and climate financing for developing countries.
Network’ to ensure the safety of maritime personnel.
their gratitude to the Government and people of India
for the successful event in New Delhi and extended their
full support to China for its presidency and hosting of the
19th Summit in 2027.