Greece Can Easily Get Funding From BRICS Bank: Russia

Russia said Greece could get financing from the New Development Bank operated by Brazil, Russia, India, China and South Africa (BRICS) if it buys a few shares of the institution to become a member.

India, 20 others set up Asian Infrastructure Investment Bank

India along with 20 other countries on Friday signed an agreement to become founding members of the China-backed Asian Infrastructure Investment Bank (AIIB) to aid the infrastructure development in the Asian region and reduce the dependence on Western-dominated World Bank and IMF.

Reordering the world

Before he died in 323 BC, Alexander the Great had overthrown Darius III to conquer the Persian empire. The conquest included Assyria, Asia Minor, Egypt, Mesopotamia, Persia and the steppes of Central Asia. The 300 years that followed this conquest, the so-called Hellenistic period, are a good example of a multipolar political world. Macedonia, Syria, Pergamon and Parthia vied with one another for domination, but no single state could establish hegemony. In the end, all were left weakened, to be dominated by a surging Roman empire from the first century BC onwards.

China, Russia endorse India's place in un Security Council

BRICS stands united on Libya, opposes use of force.

India has secured a significant endorsement of its aspirations for a permanent place in the United Nations Security Council or UNSC. India has been lobbying hard in various international forums for some time to gain a permanent seat at the UNSC, on the ground that the UN body should appropriately reflect the shift in power and relative importance in favour of developing countries like itself.