Brics Summit success gives BJP a boost in domestic politics

Sebi Proposes Changes to Closing Auction Timings and Derivatives Settlement Pricing

India's market regulator Sebi has put forward new proposals to revise the Closing Auction Session (CAS) timings and the method for determining derivatives settlement prices. The move comes after traders reported increased market volatility following the session's recent introduction. Sebi is considering two options for derivative settlement pricing, along with adjustments to market timings that would introduce a transition break and extended trading intervals. The regulator has invited public feedback on these proposals, with a deadline set for October 3.

BRICS nations reject EU carbon border tax, call for equitable climate action

BRICS nations have collectively opposed the European Union's carbon border adjustment mechanism, calling it an unfair unilateral trade measure. The bloc emphasized that energy security must be balanced with climate goals, and that fossil fuels will continue to play a role in the global energy mix. Member countries called for climate actions grounded in equity and shared responsibilities among nations. BRICS expressed its preference for multilateral frameworks over unilateral measures in addressing global climate challenges.

Modi at BRICS Pushes UN Security Council Reform and Global South Voice

Prime Minister Narendra Modi addressed the BRICS Summit, calling for urgent reforms to the United Nations Security Council. He argued that global governance must shift from a privilege-based system to one built on equal partnership for developing nations. Modi proposed that BRICS collectively draft ten actionable proposals to strengthen inclusive multilateralism. He also put forward the idea of a dedicated Seafarers Emergency Support Network to protect maritime workers globally. The overarching theme of his address was empowering Global South nations to actively shape international rules rather than merely follow them.

EC meets both TMC factions amid their 'real party' claims