The G20, an international forum comprising of 20 major economies, focuses on policy discussions and financial stability. The G20 countries, which are the world's largest economies, collectively account for a significant share of the world economy. According to the World Bank data for the
Walking brings health, transport and environmental benefits, but roads remain unsafe for pedestrians everywhere. Over 3,10,000 pedestrians were killed in crashes in 2016, accounting for 23 per cent of all global deaths. Per kilometre travelled pedestrians face a nine times higher risk of dea
Biden also stated that he is looking forward to supporting Banga's efforts to transform the World Bank to reduce poverty and address global challenges including climate.
India's manufacturing industry is taking giant strides; the IT services are dubbed the best in the world; the country is fast emerging as one of the most attractive investment destinations on the planet, and her thriving service sector is witnessing unprecedented demand.
Appreciating Banga for his past work, Harris tweeted, "Congratulations to Ajay Banga on his election as President of the World Bank. Ajay has been an incredible partner in our work in Central America, helping to deliver hope and opportunity on the ground. I look forward to our continued work
Banga, a finance and development expert, will take over the role on June 2. He was the sole contender to replace departing World Bank chief David Malpass whose term ends early next month
The World Bank has acknowledged India's efforts towards increasing logistics efficiency. On four out of six LPI indicators, India has seen remarkable improvement on the back of various initiatives being implemented over the past few years, according to the ministry of commerce and industry r
Amid Pakistan's failure to enforce minimum wage laws at a time when the South Asian country is reeling under high inflation, an estimated 80 per cent of unskilled workers are not receiving the minimum wage, Pakistan-based The Express Tribune reported.
Pakistan's state-owned entities together received over Pakistani Rupees (PKR) 458 billion in public funds to stay afloat as their combined loans and guarantees increased to almost 10 per cent of GDP PKR 5.4 trillion in FY21.