BRICS Summit key Highlights: * Countering Piracy; * Countering Terrorism; * Growth and trade enhancement in BRICS countries; * Development

of Infrastructure in BRICS region; * Experience sharing in order to resolve troubles originating from urbanisation. * Equitable and fair distribution of income; * For WB President's post, supporting a candidate from developing nation; * Jobs creation and skill development; * Mutual collaboration for stabilization of Afghanistan; * Prioritizing food, water and energy security solutions; * Reforms in UNSC, WB, IMF through increase in representation from developing nations; * Revitalize WTO's Doha Round; * Solution to problems in Iran, North Africa and Syria, West Asia via diaglogue and UN; *** BRICS nations sign pacts to trade in local currency: * 5 Banks of BRICS (Brazil, Russia, India, China and South Africa) inked 2 pacts:1. Master Agreement on Extending Credit Facility in Local Currency; 2. BRICS Multilateral Letter of Credit Confirmation Facility

Agreement. This is a combined attempt to address with problems of a jolting world economy hit by sovereign debt crisis in many European countries and protectionist propensities of some developed countries. The development banks of BRICS inked a master agreement on extending credit facilities in the local currency and the BRICS multilateral letter of credit confirmation facility agreement.