BRICS consists of the major emerging economies from the world, comprising 41% of the world population.They also signed the BRICS Contingent Reserve Arrangement to provide short-term liquidity support to the members. During the Sixth BRICS Summit in Fortaleza (Brazil) in 2014, the leaders signed the Agreement establishing the New Development Bank (NDB - Shanghai, China).September 2010: The BRIC group was renamed as BRICS (Brazil, Russia, India, China, South Africa) after South Africa was accepted as a full member at the BRIC Foreign Ministers’ meeting in New York.June 2009: After a series of high-level meetings, the 1st BRIC summit was held in Yekaterinburg, Russia.September 2006: Shortly afterwards, the group was formalised as BRIC during the 1st BRIC Foreign Ministers’ Meeting, which met on the sidelines of the UN Assembly in New York City.Petersburg, Russia, on the margins of the G8 Outreach Summit. July 2006: The leaders of BRIC (Brazil, Russia, India, and China) countries met for the first time in St.BRICS Ministers appreciated India's efforts in keeping up the momentum of BRICS cooperation in ICTs.Ministers adopted the proposal to host the Digital BRICS Forum annually to facilitate sharing of information and knowledge, practices, initiatives, etc.Ministers also appreciated the discussion on the " 360-degree approach on New Industrial Revolution" in a seminar during Working Group on ICTs Cooperation.360-degree approach on New Industrial Revolution.Ministers adopted the Terms of References of Digital BRICS Task Force and supported the advancement in work of the BRICS Partnership on New Industrial Revolution (PartNIR) across several Working Groups meeting in 202 1.Terms of References of Digital BRICS Task Force.Ministers expressed concerns on the risks and ethical dilemmas related to Artificial Intelligence and encouraged members to work together to deal with such concerns and risks of Artificial Intelligence and its ethical and responsible uses.The Ministers discussed the need to work together to develop multi-pronged approaches and reference models for affordable access to communications services and digital technologies for benefitting people, thereby achieving Sustainable Development Goals (SDGs). ![]() Develop multi-pronged approaches and reference models.They recognized the significant role of ICTs in increasing the effectiveness of BRICS countries' response to the challenges caused by the COVID-19 pandemic.The Ministers encouraged continuous cooperation in ICTs activities in international organizations and multilateral forums such as the International Telecommunications Union and other organizations.Recognized the significant role of ICTs:.Recently, the Minister of State for Communications of India chaired the 7th meeting of BRICS Communications Ministers.
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