BRICS Summit concludes: Without naming Pak, Modi says nation supporting terror must be taken as a threat

Talking tough on terrorism and 'nation that natures terror', PM Narendra Modi said that the key priority for the BRICS nation is to combat cross-border terrorism and its supporters. 

On business terms, the Prime Minister said there was deliberations on possibility of setting up an independent BRICS Rating Agency based on market-oriented principles, in order to further strengthen the global governance architecture. The Prime Minister said there was also a clear need to build norms, create structures and pool capacities to stop tax evasion, and fight against black money and corruption. 

In his concluding remarks at the BRICS summit, Modi said it was agreed at the summit that those who nurture, shelter,support and sponsor forces of violence and terror are as much  a "threat to us" as terrorists themselves and efforts must be speeded up to deal with the menace.

This is seen as a boost to India's stand on the issue as it has been pitching for isolation of Pakistan for its 'terror export'. Modi said the leaders were unanimous in recognising the threat that terror, extremism and radicalization poses toregional and global peace, stability and economic prosperity.

"We underscored the need for close coordination ontracking sources of terrorist financing and target thehardware of terrorism, including weapons' supplies,ammunition, equipment and training," he said.

On key agenda of the grouping, Modi said putting the global economy back on track was another focus point of thedeliberations, adding the discussions at the summit were"detailed, substantive and productive". Modi said the Goa declaration lays a comprehensive visionfor cooperation within BRICS and international issues.

As it happened: BRICS Summit: PM addresses plenary session, says terrorist funding must be cut off