
Indian Prime Minister Narendra Modi at the BRICS business forum in New Delhi proposed eliminating trade barriers, supporting 100 startups and creating 1,000 new partnerships between companies from participating countries.
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The BRICS Business Forum is a platform for discussing economic cooperation between the countries of the bloc.
"I have a request to the BRICS Business Council. Could you prepare a report on removing the top 10 trade barriers between BRICS countries? Could you support 100 BRICS startups to help them enter other BRICS markets? Could we create 1000 new partnerships between our companies?" - Modi said at the BRICS business forum in New Delhi.

The head of the Central Bank, Elvira Nabiullina, said that the impact of the ruble exchange rate on inflation in Russia remains moderate and continues to decline. According to her, a change in the effective exchange rate by one percentage point leads to an increase in inflation by no more than 0.1 percentage point.

The Bank of Russia sells gold within the framework of the budget rule and for minting coins, said Elvira Nabiullina. Earlier, the World Gold Council reported that the regulator became the largest net seller of gold in July, selling 6 tons of the metal.

The head of the Bank of Russia, Elvira Nabiullina, said that the recent increase in the use of cash does not pose macroeconomic risks. The share of cash in circulation is about 15%, which is below the level five years ago.

In the first ten days of public availability of the digital ruble in Russia, 87 thousand accounts were opened and more than 50 thousand transactions were made. The head of the Central Bank, Elvira Nabiullina, noted that users are testing the functionality and convenience of the new form of the national currency.

The head of the Central Bank of the Russian Federation, Elvira Nabiullina, said that the savings rate of Russians remains high, despite the gradual decline. Deposit growth is driven by attractive rates and tight monetary policy in a growing economy.

Chairman of the Central Bank of the Russian Federation Elvira Nabiullina said that attacks by Ukrainian drones on supply chains do not have a significant impact on inflation in Russia. The regulator kept the key rate at 14 percent.