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Raised in India but now a US citizen, Banga currently serves as vice chair of General Atlantic, a US private equity firm. He retired in December 2021 after 12 years at the helm of Mastercard Inc.
Now it seems that Russia’s general mobilisation of 3,00,000 conscripted soldiers that had been announced in September might be enhanced to half a million, immersing the country even more deeply into the Ukrainian quagmire, which is likely to increase the unpopularity of “Putin’s war” among the general populace.
The Pakistani rupee depreciated by Rs 2.52 to settle at Rs 271.35 at the close of the day.
Nirmala Sitharaman’s 2023 Budget is a classic structuralist Budget.
The annual Economic survey for 2022-23 has also found that the country’s Gross Domestic Product (GDP) growth is projected to slip to 7 percent in the current fiscal ending March from 8.7 percent in 2021-22.
Sitharaman will present her fifth straight budget at a time when the economy is slowing due to global headwinds and specific sectors need attention.
The rains are caused by a depression in South-Western Bay of Bengal.
The attack, in the Police Lines district, was the deadliest in a decade to hit the northwestern city near the Afghan border and comes amid a surge in violence against the police. No group has claimed responsibility.
Though the International Monetary Fund (IMF) has sounded of a global economic slowdown, we remain cautiously optimistic about the Indian economy and the GDP to maintain reasonable growth momentum. India could see growth between 6.5 and 7.1 per cent during FY2022–23 and 5.5–6.1 per cent in the following year.
Global growth is projected to fall from an estimated 3.4 percent in 2022 to 2.9 percent in 2023, then rise to 3.1 percent in 2024.