<p>The BRICS nations condemned terrorist activities of the Islamic State and associated terrorist groups at the summit meeting here.<br /><br /></p>.<p>“We believe that terrorist threats can be effectively addressed through a comprehensive implementation by states and the international community of all their commitments and obligations arising from all relevant resolutions of the UN Security Council and the UN Global Counter-Terrorism Strategy,” said the BRICS declaration.<br /><br />“We call upon all states and the international community to adhere to their commitments and obligations and in this regard to resist political approaches and selective application,” it added.<br />Though there was no specific reference to Pakistan, the observation could apply to the country as it has adopted a selective approach towards dealing with terrorism.<br /><br />Earlier, Modi, while addressing the Summit, said, peace and stability is the foundation for social and economic progress. It is our responsibility that we deal effectively with the current challenge of terrorism, he said.<br /><br />With Chinese President Xi Jinping listening, Modi said: “We must unitedly fight against it (terrorism), without any discrimination between groups, or countries, sponsors or targeted countries. We must do this in BRICS as well as UN Security Council and in other groups of nations.”<br /><br />The BRICS countries also voiced concern over the fragile recovery of global growth and the potential spillover effects from the unconventional monetary policies of the developed countries and felt that the BRICS Development Bank will serve as a powerful instrument for financing infrastructure investment.<br /><br />The BRICS Bank will approve its inaugural investment projects in the first quarter of 2016 and will work closely with the China-led AIIB, said the declaration adopted at the Summit of five countries which are members of the AIIB.<br /><br />The Declaration of the BRICS countries said the global growth has witnessed fragile recovery.<br />At the Summit, Modi, who met Indian business leaders, advocated the need for tapping the unique strengths that each member country of the BRICS and developing linkages.<br /><br />He pointed out that BRICS countries together form 44 per cent of the world population, contributing 40 per cent to the global GDP and 18 per cent to the world trade.</p>
<p>The BRICS nations condemned terrorist activities of the Islamic State and associated terrorist groups at the summit meeting here.<br /><br /></p>.<p>“We believe that terrorist threats can be effectively addressed through a comprehensive implementation by states and the international community of all their commitments and obligations arising from all relevant resolutions of the UN Security Council and the UN Global Counter-Terrorism Strategy,” said the BRICS declaration.<br /><br />“We call upon all states and the international community to adhere to their commitments and obligations and in this regard to resist political approaches and selective application,” it added.<br />Though there was no specific reference to Pakistan, the observation could apply to the country as it has adopted a selective approach towards dealing with terrorism.<br /><br />Earlier, Modi, while addressing the Summit, said, peace and stability is the foundation for social and economic progress. It is our responsibility that we deal effectively with the current challenge of terrorism, he said.<br /><br />With Chinese President Xi Jinping listening, Modi said: “We must unitedly fight against it (terrorism), without any discrimination between groups, or countries, sponsors or targeted countries. We must do this in BRICS as well as UN Security Council and in other groups of nations.”<br /><br />The BRICS countries also voiced concern over the fragile recovery of global growth and the potential spillover effects from the unconventional monetary policies of the developed countries and felt that the BRICS Development Bank will serve as a powerful instrument for financing infrastructure investment.<br /><br />The BRICS Bank will approve its inaugural investment projects in the first quarter of 2016 and will work closely with the China-led AIIB, said the declaration adopted at the Summit of five countries which are members of the AIIB.<br /><br />The Declaration of the BRICS countries said the global growth has witnessed fragile recovery.<br />At the Summit, Modi, who met Indian business leaders, advocated the need for tapping the unique strengths that each member country of the BRICS and developing linkages.<br /><br />He pointed out that BRICS countries together form 44 per cent of the world population, contributing 40 per cent to the global GDP and 18 per cent to the world trade.</p>