Indian-American corporate executive Ajay Banga took over as the President of the World Bank, becoming the first person of colour to head either the World Bank or the International Monetary Fund.
Tag: Economy
Russian sanctions leading to increasing rupee surplus in India
A combination of economic sanctions on Russia and a lopsided trade relationship with India is leading to USD 1 billion each month in Russian rupee assets remaining stranded outside the country.
Singapore wealth analysis: Are you in the top 1%? You are, if you’ve got SGD 4.76 million
Being in the “top 1 per cent” is the 21st century definition of being truly wealthy. In Singapore, a net worth of USD3.5 million puts you in that bracket, according to The Wealth Report 2023 by Knight Frank.
Debt ceiling: Biden, Republicans reach compromise, Bill to be brought before Congress
Facing the prospect of having to default on its debt for the first time in United States’ history, President Joe Biden and House Speaker Kevin McCarthy reached final agreement yesterday on a deal to raise the nation’s debt ceiling.
Purulia Chhau is a vehicle of empowerment, says scholar and change-maker Sneha Bhattacharyya
One of the most spectacular folk art forms in India, Purulia Chhau recently visited Singapore to take part in ‘A Tapestry of Sacred Music’ festival. It was introduced to the Singapore audience by Chhau researcher Sneha Bhattacharyya.
Singapore investors sign six MoUs with Tamil Nadu; CM Stalin proposes monument to Lee Kuan Yew
MK Stalin addressed Singapore investors and met Singapore ministers, inviting them to a global business forum to be held in Tamil Nadu in January 2024.
Meta layoffs: Singapore jobs at risk as Facebook’s parent company begins third round of cuts
Meta eliminated some 11,000 jobs globally in November 2022; of them, an estimated 50 were from Singapore. The second round of layoffs came in April 2023.
2,000-rupee notes being withdrawn by RBI; lifecycle ends on September 30
The 2,000-rupee banknotes are still legal tender, but all of them must be deposited in bank accounts by September 30, 2023, or they can be exchanged with banknotes of other denominations at any bank.
SGX, NSE to launch platform to trade Nifty products in GIFT City from July 3
The Singapore Exchange (SGX) and India’s National Stock Exchange (NSE) are set to launch the SGX NSE Connect at the Gujarat International Finance Tec-City (GIFT City) from July 3.
Walmart to export goods worth USD 10 billion from India by 2027: CEO Doug McMillon
Retail giant Walmart yesterday said India’s unique ecosystem of suppliers will help the company reach its goal of exporting goods worth USD 10 billion from the country annually by 2027.
