Maxim Oreshkin Highlights the Growing Role of BRICS in the Global Economy at the International Symposium “Creating the Future”

Maxim Oreshkin Highlights the Growing Role of BRICS in the Global Economy at the International Symposium “Creating the Future”

New Delhi [India], November 5: Further global economic growth will be driven by BRICS countries, stated Maxim Oreshkin, Deputy Chief of Staff of the Presidential Administration of the Russian Federation, during the “Future of a Multipolar World” panel discussion at the “Creating the Future” International Symposium held at the National Center “Russia.”

“At the BRICS Summit in Kazan, a large portion of the global economy was represented. The BRICS countries continue to dominate global sustainable growth and the global economy. The economic growth of the future will be generated by the countries represented at the Kazan Summit. As BRICS countries increasingly dominate the global economy, more elements of the global growth platform are becoming non-Western, non-American, and instead belong to BRICS nations,” emphasized Oreshkin.

The Deputy Chief of Staff also noted that an increasing number of BRICS and Global South countries are asserting themselves in the technological arena and leading in many markets. For instance, China is the leading country in the electric vehicle market, while Russia plays a prominent role in nuclear energy.

“A key factor here is investment–it’s what drives economic growth. Investments will reveal the potential seen in developing economies along a sustainable growth path. Russia and other BRICS nations, as stated in the summit’s declaration, recognize significant opportunities within existing institutions like the New Development Bank (NDB) of BRICS,” he added.

According to Oreshkin, the ideology of BRICS attracts countries due to its commitment to two principles: resolving all issues through consensus and focusing on a positive agenda. BRICS is aimed at finding joint solutions to improve the world, foster development, and enhance people’s quality of life.

“The position of Russia and other BRICS countries is proactive. Some things are better achieved quietly, without drawing attention. Today, we’re discussing how the Russian economy has emerged from the pressures of recent years. This has been possible due to proactive policies, especially since 2014. Numerous institutions within the Russian economy have been established to provide support. In 2022, we didn’t just react to the adverse pressure from Western countries; we took proactive measures that not only minimized negative impacts but also yielded significant positive benefits,” added Oreshkin.

The “Creating the Future” International Symposium runs from November 4-6. Participants include scientists, researchers, futurists, science fiction writers, and government officials from 101 countries, including Russia, India, Italy, Iran, China, the UAE, Serbia, the USA, and France. The program includes over 60 sessions across four key themes: the future of humanity, the future of technology, the future of a multipolar world, and the future of civilizations. Program details and event broadcasts are available at https://future.russia.ru/.

The “Creating the Future” International Symposium is the inaugural event of the National Center “Russia,” established on July 1, 2024, by decree of the President of the Russian Federation, Vladimir Putin. The center is dedicated to preserving the legacy of the “Russia” International Forum and Exhibition, showcasing the achievements of the country and its people. The center’s activities involve federal government bodies, state-owned companies, corporations, and regional authorities.

Media Contact: pressa@russia.ru

National Center “Russia” Website: https://russia.ru/

Symposium “Creating the Future” Website: https://future.russia.ru/

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Hiranandani launches Tierra III – 5 lakh sqft. of managed villa plots in Chennai

Hiranandani launches Tierra III – 5 lakh sqft. of managed villa plots in Chennai

As time evolves, so do the needs for more meticulously managed plots for sale in Oragadam and other parts of the country. Today’s astute real estate investors have exceptionally high expectations. They demand not only high-quality plots for sale but also excellence in service, safety for their investments, and best-in-class social and civic infrastructure.

Having an experience of over 40 years, the Hiranandani Group has been able to successfully cater to the evolving needs of today’s customers. Hiranandani Gardens, at Mumbai and Hiranandani Estate, at Thane are award-winning townships and are shining examples of harmonious township living.

After the success of two phases of plotted development at Hiranandani Parks, Chennai, Tierra III was launched to cater to the growing demands of quality villa plots in Chennai within a mixed-use, integrated township. Hiranandani Parks is a 360-acre township, located at Oragadam, south-west of Chennai. The township boasts a fine mix of residential towers and neo-classical villas and offers managed villa plots in Oragadam.

The new launch, Tierra III spans 25 acres, with sizes ranging between 600 to 4000 sqft. With ‘managed plots’ being the underlying philosophy, key features include 100% clear title with immediate patta transfer, clearly defined plot boundaries, plug ‘n’ play civic infrastructure, villa design and build assistance – to maintain the architectural ethos of the township. Plots for sale in Oragadam are now available at Tierra III.

Understanding the need and affinity of the Chennai micro market, Dr Niranjan Hiranandani was perhaps one of the first national-level developers to launch villa plotted development with robust infrastructure in an integrated township. Commenting on the latest launch, Dr Hiranandani opines, “Investing in real estate, when done with prudence, and diligent management, makes it one of the most secure investments globally. The new launch, Tierra III at Hiranandani Parks covers nearly 5,00,000 sq ft. of plotted development.”

Elaborating further, N Shridhar, Director – Group Strategy, Hiranandani commented, “Oragadam, as a location, has seen a surge in economic development over the past 5 years. Adding to its already established automotive manufacturing, other industries like wind technology, IT/ITeS, and mobile phone manufacturing – now call Oragadam and its immediate vicinity their home. Which, in turn, creates a robust demand for good-quality housing. A project like Hiranandani Parks, in its small life cycle, has provided impressive returns on plots to its earliest investors. At the township level, we as the Hiranandani Group have already sketched a road map that includes new residential segments, to add to the vibrancy of the existing product mix.”

The concept of an integrated, mixed-use township holds true. The presence of The Indian Public School (TIPS), Rela Hospital, Nilgiris Supermarket, multi-cuisine restaurants, a 55-acre golf course, a grand clubhouse, 7-themed gardens and more makes this township a hub for fine living with ample recreational activities.

To know more about these villa-plotted development and how we manage plots at Hiranandani Parks, visit www.hiranandaniparks.com.

Forex trading robots: what they are, and how to use them in trading

Forex trading robots: what they are, and how to use them in trading

New Delhi [India]: There are different types of traders in the Forex market, and each has its own way of working. However, all traders can be divided into two groups: those who prefer to trade manually and those who stick to automated trading and use trading robots. In this article, Octa discusses Forex trading robots, also called Expert Advisors, and automated trading.

Trading robots are automatic trading systems that, based on a certain algorithm, independently manage the trader’s financial flows. An automated trading program or script is not subject to ordinary human weaknesses–it doesn’t need to eat, sleep, or spend time with its loved ones. The trading robot can analyse the situation around the clock during the entire market operation hours, choose the most convenient moments for transactions, control the account balance, and monitor the execution of orders. Practice shows that using Forex trading robots greatly simplifies and automates the trader’s activity.

History and types of trading robot creation

* First generation. The prototypes of modern trading robots appeared in the late 60s and early 70s of the last century. These semi-automatic systems were based on long-term trend-tracking strategies, with sharp changes in quotes serving as a signal. They signalled traders about changes in the market, and the traders made their own decisions on what to do in this situation.

* The second generation. In the early 70s, new robots based on statistical algorithms appeared. The first was ‘momentum, ‘ which monitored the oversold market using various indicators. Another one was ‘reversal systems’, which detected deviations of the traded asset from its average value for a specified period and calculated the moments when the probability of quotes returning to the average would be higher than 50 per cent.

* The third generation of robots relied not so much on digital price and time data as on a data set–they identified which patterns were present in the market and signalled when the pattern changed, not the trend.

Algorithms have been improving evenly with the technological progress of society. Thus, high-frequency robots (HFT robots) appeared with the growth of internet connection speed, which can make thousands of transactions per second. With the advent of artificial intelligence (AI) technology, there is no need to write an extended code–AI has taken this function over. Machine learning (ML) technology will help create a trading algorithm by observing the trader’s actions.

How to choose a trading robot

The actual efficiency of a trading robot directly depends on what algorithm it is guided by. A certain algorithm often brings solid profit for a long time, and then, due to certain market mechanisms, it starts to operate at a loss. Therefore, to make money on Forex, you need to be able to not only install and run the program but also understand the relevance of its working methods. During the selection process, it is necessary to study the essential information and parameters that directly affect the profitability of automated trading.

* Frequency of transactions. Suppose your broker has commissions for opening and closing positions. In that case, the number of operations the robot performs is important because the more orders you open, the more commissions you will have to pay. For example, the Octa broker has no commissions for entering or exiting a position. The trading robot can open as many orders as the trading signals it receives without commission issues, as Octa only considers the spread.

* Risk-reward ratio. A Forex robot should be profitable, but what exactly do you mean by this concept? For you, how much profit is profit? After all, it is one thing if you are satisfied with an income of $50-70 per week and another if you want to earn $100 daily. The higher the expectations, the greater the risk degree. Some robots are designed for trading with conservative strategies, which are the least risky but do not promise a significant income. Other robots are suitable for aggressive trading, where large drawdowns are allowed in the expectation of large profits.

* Trading conditions. No universal trading robots would trade with absolutely the same efficiency in any market conditions. Some robots are designed for trend trading, and some show good results only when trading during flat periods. As a rule, the description of each Forex robot tells you what type it belongs to. If you don’t know what is better–trend trading or channel breakout, then pay attention to the currency pairs you want to trade. Some pairs tend to form clear and relatively stable trends, while others are more likely to move in sideways channels.

* Sustainability. All automated Forex trading systems need to be tested. To understand how stable the Expert Advisor works, it is unnecessary to use it immediately on a real trading account–you can choose a demo one for testing. For example, Octa’s trading conditions on real and demo accounts are identical, which allows you to test the robot in situations as close to the real market as possible.

Why do you need trading robots in the first place? To make money, of course. Robots do not tire and can trade 24 hours a day, seven days a week. Trading robots today can be bought or downloaded for free. The main thing is to evaluate your purchase adequately. For beginners, a trading robot can become a teacher in currency operations, and for a professional–working hands that implement the necessary trading strategy.

Octa is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services already utilised by clients from 180 countries with more than 42 million trading accounts. Free educational webinars, articles, and analytical tools they provide help clients reach their investment goals.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

Octa has also won more than 70 awards since its foundation, including the ‘Best Educational Broker 2023’ award from Global Forex Awards and the ‘Best Global Broker Asia 2022’ award from International Business Magazine.