SUMMITS HELD IN 2014

1. BRICS summit
Country: Brazil, Russia, India, China, South-Africa.
- 6th BRICS Summit 2014: Fortaleza, Brazil
- Next 7th BRICS Summit to be held in Ufa, Russia
Note: Ufa is the capital city of the Republic of Bashkortostan, Russia, and the industrial,
economic, scientific and cultural centre of the republic.
- The theme chosen for our discussions was "Inclusive Growth: Sustainable Solutions.
New BRICS Bank:
The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a
proposed multilateral
development bank operated by the BRICS states (Brazil, Russia, India, China and South A
as an alternative to the existing
World Bank and International Monetary Fund.
The New Development Bank headquarter will be in Shanghai, China.
The Bank will have a rotating chair and its first President will come from India for the first six
years.
The first chair of the Board of Governors shall be from Russia.
The first chair of the Board of Directors shall be from Brazil.
The Bank will also have a regional office in Johannesburg, South Africa.
Participant leaders of the five nations are
Brazil - Dilma Rousseff
Russian - Vladimir Putin
Indian - Narendra Modi
China - Xi Jinping
South Africa - Jacob Zuma
Development Capital: The member countries will also set up a $100 billion currency reserves
pool
to help countries
forestall short-term liquidity pressures.
Note: The bank will begin with a subscribed capital of $50 billion divided equally between its
five
founders.

2. IBSA Summit:
India will host the next summit of IBSA (India, Brazil, South Africa) in New Delhi in 2015.
3

3. Nuclear security summit

2nd Summit 2012 Seoul, South Korea.

 3rd Summit 2014 : Hague, Netherland

4th Summit 2016: United States

4. G 8 Summit:
G-8 Countries: Canada, France, Germany, Italy, Japan, Russia, Britain and the US
40th G-7 summit 2014 held at Brussels.
Note: It was the first time that the EU hosted a G7 summit. The summit is jointly represented by
the European Council President Herman van Rompuy and the European Commission
President.

5. G 20 Summit:
G-20 meeting (2014) of Finance ministers and central bank governors held in Sydney
(Australia).
G20 Leaders Summit (2014) will be held in Brisbane, Queensland (Australia, in November
2014.

6. SAARC Summit:
18th SAARC Summit 2014- Kathmandu (Nepal)

7. NATO Summit:
NATO Summit 2014 will be held in Britain. (Britain last hosted the summit in 1990, when
Margret Thatcher was Prime Minister).

8. BIMSTEC Summit:
3rd BIMSTEC summit 2014: Nay Pyi Taw (Myanmar)
4th BIMSTEC summit will be held in Nepal.
Note: BIMSTEC (Bay of Bangal Initiative for Multisectoral Technical and Economic
Cooperation)
BIMSTEC includes 7 countries: Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and
Nepal and aims to create cooperation in multiple sectors including trade, investment and
energy.

OTHERS SUMMITS:
1. 18th BASIC Ministerial Meeting held in New Delhi.
BASIC - (Brazil, South Africa, India and China)
Note: 17th BASIC Ministerial Meeting on Climate Change was held in Hanzghou, China
5

2. ASEAN foreign-minister-meeting held in Myanmar

3. Fifth Indo-US Strategic Dialogue held in New Delhi during which the two sides discussed
transformative initiatives in key areas of security and energy.
4. 3rd India-Africa Summit will be held in New Delhi

5. 6th International Nuclear Energy Forum ATOMEXPO-2014 held in Moscow

6. World Economic Forum 2014: held in Abuja (Nigeria). Bharti Enterprises founder and
Chairman Sunil Bharti Mittal co chair this years edition of the World Economic Forum on
Africa.

India ranking in different Indexes

1. Human Development Index 2014 135
2. Global Environment Performance Index 2014 155
3. Intellectual property (IP) environment 2014 25 (US ranked on the top followed by UK
and
France)
4. World Press Freedom Index 2014 - 140 in the list of 180 countries
5. World's best countries for doing business 2014 134
6. Global Peace Index 2014 143
7. Global Innovation Index 2014 - 76
8. World Prosperity Index 2013 106.
9. Global Corruption Index 2013 94
10. Global Competitiveness Index 2013 -60 for 2013 (Switzerland
top in this report)

Prime Minister launches 'Pradhan Mantri Jan Dhan Yojana

The 'Pradhan Mantri Jan Dhan Yojana', an ambitious financial inclusion scheme under which
the government intends to provide every household with a bank account and insurance cover,
was launched by Prime Minister Narendra Modi on Thursday.
The scheme, about which Modi made the announcement in his Independence Day speech,
was launched across the country simultaneously amid his emphasis that it lies at the core of
"our development philosophy of 'Sabka Sath Sabka Vikas'". '1.5 crore bank accounts will be
opened on first day of Jan Dhan Yojana'
Jan Dhan Yojana, a dream project to open at least one bank account to every
household. Noting that 10 crore people do not have bank account, the Finance Minister aims
to cover 7.5 crore people under Jan Dhan Yojana by January 25, 2015. As a first step, under
the scheme, every account holder will get a 'RuPay' debit card with Rs 30,000 life insurance
besides accidental insurance of up to Rs 1 lakh.