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‘Terror batters world economy’: PM Modi
Why is it in news?
- Terrorism has caused a $1 trillion loss to the world economy and the atmosphere it created has indirectly and deeply harmed trade and business, Prime Minister Narendra Modi said at the BRICS Summit in Brasilia.
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- Modi said terrorism had emerged as the biggest threat to development, peace and prosperity.
- “The atmosphere of doubt created by terrorism, terror-financing, drug-trafficking and organised crime indirectly and deeply harms trade and business. I am happy that the first seminar on BRICS Strategies for Countering Terrorism was organised.” PM Modi has said.
- 11th BRICS Summit
(1) The 11th edition of BRICS (Brazil, Russia, India, China South Africa) summit is being held in Brasilia, Brazil.
(2) Aim- to advance cooperation in the fight against transnational crime, especially organized crime, money laundering and drug trafficking.
(3) Theme for 2019- 'Economic Growth for an Innovative Future'
Source
The Hindu