World Bank Highlights India’s Economic Momentum for 2024
World Bank, in its recent report, has highlighted India’s resilience as the fastest-growing economy in the world. The forecast for FY25 has been revised from 6.4% to 6.6%, and the estimated growth rate for FY26 has been increased by 20 basis points to 6.7%. This revision, influenced by the recently declared election results, underscores the…
Shipra Prajapati
Indian-origin Ajay Banga Is Next World Bank’s President
The World Bank appointed ‘Ajay Banga’ as a new President. A 25-member execute board confirmed his name for the post on Wednesday after following a selection process agreed upon by shareholders in 2011. Banga, who is at 63 now, has worked for Mastercard as a CEO before this, and his term in the World Bank…
SHAHID MUSHTAQ
Ajay Banga Ex-Mastercard CEO Nominated By Joe Biden To Lead World Bank
On Thursday, Joe Biden, US President, announced that Ajay Banga, former CEO of Mastercard, will be leading the World Bank. After this news, Ajay will become the first Indian-American to serve the World Bank as the president. Currently, he is the vice chairman of the general equity firm Atlantic. He is the former CEO of…
Vishal Prajapati
Sitharaman To Attend IMF, World Bank Meetings In USA
Finance Minister Nirmala Sitharaman will attend several meetings on her visit to the United States. Among them, two significant meetings are the International Monetary Fund (IMF) and the World Bank, which will more likely deliberate on the current global economy. These meetings aim to highlight India’s policy priorities and showcase India’s attractiveness as an investment…
World Bank Cuts India’s GDP Forecast to 6.5%
The World Bank reduced India’s growth prediction for 2022-23 (April-March) by 100 basis points, forecasting that the Indian economy will grow at 6.5 per cent, down from 7.5 per cent in June. India’s GDP registered a growth of 8.7 per cent in 2021-22. The Bank marked in its latest South Asia Economic Focus, issued ahead…
Leadership Guide From Aditya Puri, Former MD of HDFC Bank – A Tough Taskmaker
Aditya Puri isn’t just a name in banking circles; he’s a force that revolutionised India’s financial landscape. Over his 25-year journey at the helm of HDFC Bank, Puri didn’t just build a bank—he crafted a legacy. Starting in 1994, when the banking sector in India was still finding its feet, Puri had a vision to…
ABHYUDAYA MITTAL
Digital Darwinism in Asian Banks: The Rise of Digital-Only Banks in Asia
In 2016, a relatively unknown company, Grab, started making waves as a ride-hailing service in Singapore. Fast forward a few years, and now a multi-service platform, Grab made a groundbreaking move, applying for a digital banking license in Singapore. As a result, by 2021, Grab’s digital-only banking service, GSX, was live, offering banking and financial…
Suryansh
Not China, India Is The New Manufacturing Hub Of The World
The global manufacturing landscape is changing, and more and more companies are looking to exit China and set up their manufacturing units elsewhere. A significant example of this is Apple gradually shifting its manufacturing units from China to India. In 2020, the tech giant announced that it would start manufacturing its iPhone 11 in a…
Decentralised Dreams: The Rise of DAOs in the Startup World
Decentralisation is one of the key characteristics of digital currencies. Unlike traditional currencies, they are not governed by a single entity, such as a government or central bank. Instead, control is distributed across a network of computers, networks, and nodes. Inspired by this centralisation, a group of developers (the Ethereum Community) introduced the concept of…
How Blockchain in Fintech is Revolutionizing the Finance World
Blockchain’s introduction to the world has been nothing short of a blessing in disguise. Of course, no one could foresee the immense contributions this technology would bring to industries when it first launched in 2009. But, much to the delight of businesses and individuals worldwide, blockchain has been a fundamental tool in facilitating technological advancements…
John David