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."
As more than 120 heads of government and heads of State gathered in Glasgow for the COP26 summit, climate change activists made their point to world leaders outside the Scottish Event Campus, the designated venue for the global summit.
Indian-American business leader Ajay Banga is poised to become the next President of the World Bank after the nomination period closed and no country proposed an alternate candidate for the prestigious post. In February, President Joe Biden announced that the US would be nominating Banga to lead the World Bank because he is "well equipped" to lead the global institution at "this critical moment in history." The World Bank on Wednesday closed a month-long window for nominations for its next president, with no alternatives announced to 63-year-old Banga.
India believes in sabka saath, sabka vikas, sabka vishwas, sabka prayaas and walks ahead with it, Modi said.
According to Downing Street sources it was "no biggie".
Wayanad will continue to support Rahul but not to the same extent as in 2019, when his margin of victory had been enormous. Articulate, to the point and speaking in fluent Malayalam, CPI's Annie Raja, had the people who gathered to see her, listening in rapt attention, notes Shyam G Menon.
India's role as a leader of the global south may require it to give up its ambition to serve as a bridge between the warring halves of the international community, points out Mihir S Sharma.
Li also had a difficult meeting with some of the Western leaders on the sidelines, especially Italian Prime Minister Giorgia Meloni, who has signalled Italy's resolve to quit China's famed Belt and Road Initiative for its failure to bring the expected results to Rome.
Kharif crops were sown in only 4.15 lakh hectares against the target of 28.27 lakh hectares till July 21 or only in 14.71 per cent of the arable land.
'Interim Budget has ignited the entrepreneurial spirit.'
The petition alleged that "illegal mining" was being carried out by Singh, the MP from Kaiserganj, in Majharath, Jaitpur and Nawabganj villages of Tarbganj tehsil in the district.
Bajaj Auto, the king of the market for CNG-powered passenger three-wheelers, now wants to replicate this dominance in two-wheelers. The difference is that while the former is zooming - registrations for CNG-powered passenger three-wheelers nearly doubled during January-December 2023 - the latter, meaning a market for CNG-powered two-wheelers, does not exist.
There have been sharp differences between the Russia-China combine and the Western countries over the text to describe the Ukraine crisis.
Modi was honoured with the 'Order of Zayed', the UAE's highest civilian award, in 2019 as a mark of appreciation for his efforts to boost bilateral ties between the two nations.
Billionaire philanthropist George Soros believes the turmoil at Gautam Adani's business empire may weaken Prime Minister Narendra Modi's hold on the government -- a statement which was strongly countered by BJP as an attack on Indian democracy.
Prime Minister Narendra Modi and President Joe Biden will have a one-on-one meeting in the Oval Office of the White House on Thursday before holding high-level talks to further boost the growing Indo-US strategic relations in areas like defence, space, clean energy and critical technologies.
For long-term financial security, millennials must not only provide social security for their young families but also ensure that their financial burdens are not passed down to their families, says Casparus Kromhout.
The cost of living crisis is the biggest short-term risk the world is facing, while the failure of climate mitigation and climate adaptation is the largest long-term concern, the World Economic Forum said on Wednesday. Releasing its annual Global Risks report in London ahead of its Davos summit next week, the WEF also said geopolitical rivalries and inward-looking stances will heighten economic constraints and further exacerbate both short- and long-term risks. The Global Risks 2023 report, drawing on views of over 1,200 experts, policy-makers and industry leaders from across the world, also urged countries to work together to avoid 'resource rivalries'.
A few days back, Atul Ganatra, president of the Cotton Association of India, presented a grim scenario of the crop's prospects in the 2024-25 season that starts in October. Addressing the association's annual general meeting, Ganatra said the area under the crop could go down by at least 10 per cent in the coming season due to falling yields and realisation, leading to farmers losing interest. The fear of a decline in acreage comes against the backdrop of India's cotton production probably falling to its lowest in a decade, according to estimates.
The new year will witness two unmanned missions under the "Gaganyaan" project, deep ocean exploration project, "Samudrayaan" and many more.
General insurance companies are likely to see a surge in demand for health insurance in the coming months due to falling air quality in the country. The health insurance segment has registered a strong growth after the pandemic due to higher awareness. In the first half of financial year 2023-24, the segment grew by 24.4 per cent to Rs 54,713.52 crore from Rs 43,981.54 crore in H1FY23, driving growth of the non-life insurance industry.
Kareena in a Kalimpong murder mystery, Priyanka in a Hollywood rom-com, a South Korean style western and lots, lots more on OTT this week.
G20 is an ideal platform to discuss and find solutions to "most pressing" problems such as global warming and climate change which affect the poor most, President Droupadi Murmu said in her maiden address to the nation on the eve of Republic Day.
Suppose NLP is weaponised to influence policymakers to go the wrong way on climate change, or launch military attacks on neighbouring countries, warns Devangshu Datta.
'The first duty of the government is to learn lessons from a bad experience and course correct. It's a pity that the government is making policy without looking at evidence and differentiating between immediate and urgent.'
Prime Minister Narendra Modi said on Friday that the combination of technology and talent will be a guarantee for a bright future for the world.
Some of the world's biggest polluters, the US, China, European Union and India, have reiterated their previous pledges of cutting emissions by 2020 that were widely regarded as weak, especially the 17 per cent reduction of carbon emissions from 2020 levels proposed by the US.
The US President will travel to India on Thursday to attend the G20 Summit, national security advisor Jake Sullivan told a press conference at the White House.
Prime Minister Narendra Modi held talks with US President Joe Biden at the White House on Thursday to discuss a wide range of issues of mutual and global interests, aimed at further boosting the Indo-US strategic relations in areas like defence, space, clean energy and critical technologies.
India is ranked 7th in the climate risk index.
India decided to cut down its carbon emission intensity by 20-25 per cent by 2020 in the run up to the Copenhagen summit, shortly after a similar declaration by China.
I am not joining the small minority which still argues that global warming is voodoo science; there is simply too much evidence of ice melting to argue from that standpoint. But I would suggest that there is hope on the global warming front, says T N Ninan.
India's negotiating posture at the multilateral negotiations should be aligned with a significantly transformed development strategy domestically.' 'The positions the country takes at the negotiations will then carry credibility, says Shyam Saran, former foreign secretary and India's chief negotiator on Climate Change 2007-2010.
'Had they agreed to our demands that we raised two years ago, we would have never started our agitation again.'
India ranked 111th out of 125 countries in the Global Hunger Index-2023, which was rejected by the government as erroneous and having malafide intent. The index, released on Thursday, also stated that India has the highest child wasting rate in the world at 18.7 per cent, reflecting acute undernutrition. India ranked 107th out of 121 countries in the 2022 edition of the Global Hunger Index (GHI), a tool for comprehensively measuring and tracking hunger at global, regional, and national levels.
Forest land that will also be exempted includes land situated within 100 km along the international borders, Line of Control, or Line of Actual Control, proposed to be used for construction of strategic linear projects for national importance or security.
If the pitch gets hampered then the match officials will assess the pitch and see whether it is in good condition to play or not if yes they will continue playing on the same and if not then they will look at the other pitch condition and take a call on whether they can play on the other one or not, according to ANI.
There is definitely lack of active participation from the industry, primarily due to the poor performance of the carbon credit market and the general negative sentiment in the economy.
The El Nino impact on the Indian monsoon typically manifests by way of extended break in rainfall.
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