The fifth BRICS summit concluded in Durban, South Africa on Wednesday when most Indians were celebrating Holi, more mindful of water shortages in Mumbai than the creation of the BRICS Bank! The news about the bilateral meeting between our prime minister and the newly installed Chinese president Xi Jinping grabbed more space and attention than the formation of the BRICS bank or the creation of CRA (Contingent Reserve Arrangement) with a corpus of $100 billion to assist members that face adverse market pressures against their currencies.