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Promoting economic and commercial engagement has been a foundational impulse in creation of BRICS: PM

Published By : Admin | October 16, 2016 | 14:01 IST
Promoting economic and commercial engagement has been a foundational impulse in creation of BRICS: PM
Business communities are strongest proponents for closer & faster commercial cooperation: PM
We have transformed India into one of the most open economies in the world today: PM
NDB has kept clean energy, green & sustainable infra as its priority. We welcome it: PM

Your Excellency President Xi Jinping,

Your Excellency President Jacob Zuma,

Your Excellency President Michel Teme,

Your Excellency President Vladimir Putin, 

Distinguished Members of the BRICS Business Council.

It gives me great pleasure to welcome you to this meeting with the BRICS Business Council.

The Council reflects the full economic diversity and depth of business engagement between our countries.

I thank their contribution to the BRICS agenda of building inclusive economies through responsive and collective solutions.

Excellencies and Friends,

Promoting economic and commercial engagement has been a foundational impulse in the creation of BRICS.v It is, therefore, encouraging to see the BRICS Business Council take healthy shape three years after we set it up in Durban.

Our business communities are the strongest proponents for closer and faster commercial cooperation among BRICS.

Their partnerships create wealth and value in our societies.v And, enhance productivity and create jobs in our economies through technological innovations and capacity addition.

I applaud that vision. I share that vision.

Excellencies,

In India, we have undertaken substantial reforms in the last two years to streamline and simplify governance, especially doing business in India.

The results are clearly visible.

We have moved up in almost all global indices that measure such performances.

We have transformed India into one of the most open economies in the world today.

Growth is strong and we are taking steps to keep the momentum going.

I am happy to note that the BRICS Business Council also has matching priorities of ease of doing business, dismantling trade barriers, promoting skills development, establishing manufacturing supply chains and infrastructure development.

The Council’s work holds much promise for expansion of trade and business among BRICS countries.

Excellencies,

The New Development Bank is fully operational now. Its success is a concrete result of our common efforts.

We congratulate the NDB and its management for commencing the first batch of projects.

NDB has kept clean energy and green and sustainable infrastructure as its priority.

We welcome it.

We would encourage the BRICS Business Council to work closely with the NDB on identifying and implementing prospective economic projects.

India hosted the First BRICS Trade Fair in New Delhi two days ago with active participation from all your countries.

Such activities must be promoted to generate greater business awareness and commercial exchanges.

Excellencies,

Let me conclude by saying that as Governments, we count on the BRICS Business Council to work with us to achieve our common aim of:

Strengthening mutual trade;
Enhancing business opportunities;
Building investments linkages;
Promoting innovation; and
and removing bottlenecks to intra-BRICS commerce.
In a little while, we will hear from the BRICS Business Council and the leadership of NDB.

Thank you. Thank you very much.

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Cabinet approves increase in the Judge strength of the Supreme Court of India by Four to 37 from 33
May 05, 2026

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today has approved the proposal for introducing The Supreme Court (Number of Judges) Amendment Bill, 2026 in Parliament to amend The Supreme Court (Number of Judges) Act, 1956 for increasing the number of Judges of the Supreme Court of India by 4 from the present 33 to 37 (excluding the Chief Justice of India).

Point-wise details:

Supreme Court (Number of Judges) Amendment Bill, 2026 provides for increasing the number of Judges of the Supreme Court by 04 i.e. from 33 to 37 (excluding the Chief Justice of India).

Major Impact:

The increase in the number of Judges will allow Supreme Court to function more efficiently and effectively ensuring speedy justice.

Expenditure:

The expenditure on salary of Judges and supporting staff and other facilities will be met from the Consolidated Fund of India.

Background:

Article 124 (1) in Constitution of India inter-alia provided “There shall be a Supreme Court of India consisting of a Chief Justice of India and, until Parliament by law prescribes a larger number, of not more than seven other Judges…”.

An act to increase the Judge strength of the Supreme Court of India was enacted in 1956 vide The Supreme Court (Number of Judges) Act 1956. Section 2 of the Act provided for the maximum number of Judges (excluding the Chief Justice of India) to be 10.

The Judge strength of the Supreme Court of India was increased to 13 by The Supreme Court (Number of Judges) Amendment Act, 1960, and to 17 by The Supreme Court (Number of Judges) Amendment Act, 1977. The working strength of the Supreme Court of India was, however, restricted to 15 Judges by the Cabinet, excluding the Chief Justice of India, till the end of 1979, when the restriction was withdrawn at the request of the Chief Justice of India.

The Supreme Court (Number of Judges) Amendment Act, 1986 further augmented the Judge strength of the Supreme Court of India, excluding the Chief Justice of India, from 17 to 25. Subsequently, The Supreme Court (Number of Judges) Amendment Act, 2008 further augmented the Judge strength of the Supreme Court of India from 25 to 30.

The Judge strength of the Supreme Court of India was last increased from 30 to 33 (excluding the Chief Justice of India) by further amending the original act vide The Supreme Court (Number of Judges) Amendment Act, 2019.