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BRICS Bank HQ in Shanghai, India gets first presidency

BRICS Bank launched:India gets first presidency,Office in Shanghai

Pointing to the potential for BRICS insurance and reinsurance markets to pool capacities, the Summit directed the relevant authorities to explore avenues of cooperation in this regard, said the Declaration.The Declaration said that the member countries believe that sustainable development and economic growth will be facilitated by taxation of revenue generated in jurisdictions where economic activity takes place.