Ajay Banga was on Wednesday appointed the next president of the World Bank, becoming the first-ever Indian-American to head the global financial institution which said it looks forward to working with him at a time when it's tackling the toughest development challenges facing developing countries. "The executive directors of the World Bank today selected Ajay Banga as president of the World Bank for a five-year term beginning June 2, 2023," the bank said in a press statement. In February, President Joe Biden announced that the US would be nominating Banga, 63, to lead the World Bank because he is "well equipped" to lead the global institution at "this critical moment in history."
The Delhi and Districts Cricket Association sacked its senior selection committee, comprising former National selector Gagan Khoda, Mayank Sidhana and Anil Bhardwaj, on Thursday after the state team was decimated by Saurashtra in a Ranji Trophy group league game.
Implementation of BI tools can improve the bottom line by 10-15 per cent of insurance companies.
India moving in right direction on GST, says Panagariya.
"Feel nostalgic when I see this picture. We had burnt government's 'jokepal' at that time," Kejriwal tweeted, attaching a picture of him holding a burning copy of the draft Lokpal back in 2011.
The technical report of the NSSO has generated controversy following its observation that as much as 36 per cent units forming part of MCA-21 database, used in computing GDP, could not be either identifiable or traceable in the field.
Accusing the Congress of creating obstacles in the path of growth and economy, he declared that the government would try to get the bill passed with the help of parties
Bhushan questioned the appointment and removal processes of the Lokpal laid out in the bill, which was recently cleared by the Aam Aadmi Party cabinet, saying they would put the ombudsman at the mercy of the city government.
The chief minister claimed that MLAs have been getting calls after Governor Kalraj Mishra agreed Wednesday night to convene a session from August 14.
The meeting was called for discussing the points which were raised by Governor Kalraj Mishra on Monday.
With logjam in the Upper House leaving key bills in the limbo, Rajya Sabha chairman Hamid Ansari has called an all-party meeting on Friday.
The chief minister's decision came on a day when two top Bharatiya Janata Party leaders returned the gifts given to them by the Education Department amid indications that others may follow suit.
The economy may grow by around 7 per cent this financial year as estimated by the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), say economists with various organisations. The first advance estimates for 2023-24 will be released on Friday by the National Statistical Organisation (NSO), an exercise done for calculating ratios such as the fiscal deficit. The interim Budget will be presented on February 1.
'We are not organising any large celebrations on New Year's Eve to avoid last-minute changes in guidelines.'
The Securities and Exchange Board of India's (Sebi's) technical advisory committee has been mandated to probe the trading halt at National Stock Exchange (NSE) and fix accountability. The committee after a detailed examination would send its findings and recommendations to whole-time member Madbhi Puri Buch, to decide the future course of action, said two people in the know. The panel, which is currently chaired by Ashok Jhunjhunwala of IIT Madras, is learnt to have sought an explanation over two key issues from NSE: One on the effectiveness of interoperability as it was unable to migrate the trading positions; the other on laxity in switching it to the disaster recovery site.
"We want good ties with all neighbours including India and Afghanistan," he told the Senators.
Chetan Ghate, Pami Dua and Ravindra Dholakia have been appointed for 4 years
Several parties had requested that the session, which was originally scheduled to continue till April 8, be curtailed due to the five assembly elections being held in eight phases till April 29.
India's winning streak in elections to UN bodies demonstrates it is time for the country to become a permanent member of the Security Council and those who doubt this can no longer behave like "ostriches in sand", the Indian envoy to the world body has said.
'Similar to the case of the digital payment system where the government created a public platform and others joined in, we are exploring a similar structure to create a PPP platform where the compute required for AI could be accessed by the small player.'
Oppn parties took on the government over reports that the J&K government was planning to release 800 more separatists.
Criticising the move, the opposition led by the Congress said that Question Hour is the 'golden hour of the House'. Leader of the Congress in Lok Sabha, Adhir Ranjan Chowdhury, said the argument and rationale that has been put forth by Parliamentary Affairs Minister Pralhad Joshi is far from convincing.
The session, which will continue till August 11, is likely to discuss issues like lynching incidents and vigilantism, the Kashmir situation and the border stand-off with China.
The BJP member also sought to put the LVB-DBS merger on hold in order to facilitate a forensic audit of the takeover of the assets of both banks.
'Government shouldn't be in the business of running airlines, instead it should develop the ecosystem of civil aviation.'
The activities of the two secretariats over the years have increased many folds which involve manpower planning, judicious and prudent financial management, transfer, postings of senior officials, meeting the grievances of the officials and staff, reveals Rup Narayan Das.
As indications emerge that Centre could withdraw the controversial ordinance on lawmakers, Bharatiya Janata Party and Congress on Wednesday engaged in a slugfest over the issue with the Opposition claiming victory and the ruling party accusing it of changing tunes.
In run-up to the session, while over 4,000 people including MPs and staff have been tested for COVID-19, most parliamentary operations have been digitalized, entire premises sanitised and doors made touch-free.
However, the Telangana statehood was not even on the agenda of the assembly which reconvened on Thursday morning.
The DMK parliamentary party appears to be a house divided, reports R Rajagopalan.
'If because of El Nino, the monsoon is affected adversely in the current year, naturally it will affect income projections and consequently Budget numbers.'
Prime Minister Narendra Modi wants the event at the Madison Square Garden in NEw York to be representative of an emerging India
'Indian-Americans for Trump 2016' -- which was registered as a political action committee on January 21 with the federal election commission -- aims at garnering support of Indian-Americans to have Donald J Trump become the next president of the United States.
Analysts say IT major cleaning up act before new CEO takes over; regulator might take a year
Ajay Banga is one of the nine members of the Commission on Enhancing National Cyber Security.
Veteran Congress leader and former Lok Sabha Speaker Balram Jakhar passed away in New Delhi on Wednesday. He was 92.
Its passage in the Lok Sabha is all but certain due to the massive majority the Bharatiya Janata Party and its allies have, and the Union government is confident of its passage in the Rajya Sabha as well with the support of several non-aligned regional parties which have often joined the treasury benches in the past.
The Jalan panel has recommended to the RBI to keep shady entities out of banking licence race.
As deputy governor, Patel headed the RBI panel to draft the monetary policy report, which became the basis of the ongoing reforms at the apex bank
Other members of the high-level advisory committee are former RBI Deputy Governor Usha Thorat, former Securities and Exchange Board of India Chairman C B Bhave, and Nachiket M Mor, Director of the Central Board of Directors of RBI, Governor Raghuram Rajan said.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances