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The 6th BRICS Summit is underway in Brazil.
The five BRICS Trade Ministers met in Fortaleza on Monday ahead of the BRICS Leaders Summit.
BRICS members should see each other as gateways to the region, said the Russian BRICS Business Council member.
Putin said "We will provide support to our Cuban friends to overcome the illegal blockade of Cuba”.
The government has boosted defence spending by 12 per cent in 2014-15.
Prices of fresh fruits jumped 19.8 per cent year on year in June.
India’s railway budget presented on Tuesday has revised up the plan outlay to 654.45 billion rupees for 2014-2015.
Air China signed an agreement with its Star Alliance partner German airline Lufthansa.
Merkel's business entourage includes top executives of Volkswagen, Siemens, Airbus, Deutsche Bank and Lufthansa.
A PMI reading above 50 indicates expansion, while a reading below 50 reflects contraction.
