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BRICS Bank HQ in Shanghai, India gets first presidency

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

For a climate of peace and stability, it calls for newer levels of cooperation, he said. "I believe for the first time an institution like BRICS brings together a group of nations on the basis of future potential rather than existing prosperity. The very idea is forward-looking. BRICS must provide a united, clear basis for a peaceful and stable world", the Prime Minister said.