Description

Copyright infringement not intended

Picture Courtesy: DDNEWS

Context:

India takes over the chairmanship of the 12th BRICS Parliamentary Forum.

BRICS Parliamentary Forum

It is a platform for parliamentarians from member nations to promote cooperation and dialogue.

The 1st BRICS Parliamentary Forum was held in Moscow, Russia, in June 2015, under Russian chairmanship.

Functions:

Sharing best practices in law-making and governance.
Discussing key global issues from a legislative perspective.
Building consensus to support the executive decisions made at the BRICS summits.
Enhancing people-to-people contact and understanding among member states.

The 11th BRICS Parliamentary Forum was organised in Brasilia (Brazil) in June 2025, with participating parliaments from all 10 BRICS member countries; India, Brazil, Russia, China, South Africa, Iran, the UAE, Egypt, Ethiopia, and Indonesia.

Highlights of the 11th Forum

Zero-Tolerance Policy => The forum unanimously adopts a "zero-tolerance" policy on terrorism in all its forms.

Condemnation of Pahalgam Attack => The specific condemnation of the recent terrorist attack in Pahalgam indicated international weight to India's position.

India's Proposed Action Plan for counter-terrorism receives widespread support. This includes:

Enhanced Intelligence Sharing => Creating a more robust mechanism for real-time sharing of intelligence to pre-empt attacks.
Curbing Terror Financing => Working together to block financial flows to terrorist organizations and their supporters, aligning with the objectives of the Financial Action Task Force (FATF).
Preventing Misuse of Technology => Collaborating to stop terrorists from using emerging technologies like drones, artificial intelligence (AI), and encrypted communication for their activities.

As the Chair for the 12th BRICS Parliamentary Forum, India gets the opportunity to set the agenda for the next meeting.

Must Read Articles:

INDIA AND BRICS Relations

BRICS Reducing Dollar Dependency

Source:

DDNEWS

PRACTICE QUESTION

Q. A key ambition of the BRICS grouping is to advance the process of "de-dollarization". Which of the following actions by the bloc best substantiates this ambition?

A) The consistent condemnation of unilateral economic sanctions in its joint declarations.

B) The establishment of the New Development Bank, which provides loans in the national currencies of its member countries.

C) The creation of the BRICS Business Council to promote trade and investment among member states.

D) The push for reforms in the quota system of the International Monetary Fund (IMF).

Answer: B

Explanation:

The New Development Bank directly promotes the use of member countries' national currencies for lending and investment, reducing reliance on the US dollar for these international financial transactions. This is a concrete step towards "de-dollarization."