{"id":228726,"date":"2023-02-25T20:38:02","date_gmt":"2023-02-25T15:08:02","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=228726"},"modified":"2023-02-25T20:38:02","modified_gmt":"2023-02-25T15:08:02","slug":"banga-message-on-appointment-of-indians-in","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/banga-message-on-appointment-of-indians-in\/","title":{"rendered":"Banga Message \u2013 On Appointment of Indians in"},"content":{"rendered":"\n<p><strong>Source<\/strong>&#8211; The post is based on the article <strong>\u201cBanga Message\u201d <\/strong>published in <strong>The Times of India <\/strong>on <strong>25th February 2023<\/strong>.<\/p>\n<p><strong>Syllabus: <\/strong>GS3- Economy<\/p>\n<p><strong>Relevance:<\/strong> India and institute of global economic governance<\/p>\n<p><strong>News- <\/strong>\u00a0Ajay Banga has been nominated as World Bank president.<\/p>\n<h2><strong>What are the issues faced by WB (World Bank) and IMF(International Monetary Fund)?<\/strong><\/h2>\n<p>WB and IMF is certainly in <strong>dire need of reform. <\/strong><\/p>\n<p>The US and EU have controlled the leadership of the two institutions. It does not reflect the <strong>actual economic weight of their global membership<\/strong>.<\/p>\n<h2><strong>What is the significance of the Banga nomination for American Indians?<\/strong><\/h2>\n<p>The nomination marks an important trend in India diaspora\u2019s performance. They have achieved <strong>high- profile positions in the business world<\/strong> in the US.<\/p>\n<p>YouTube\u2019s Neal Mohan, Alphabet\u2019s Sundar Pichai, Microsoft\u2019s Satya Nadella and Novratis\u2019s Vasant Narasimhan are just some of the names in the CEO list .<\/p>\n<p>Banga\u2019s nomination shows their <strong>rising profile in US politics and gov<\/strong>ernance.<\/p>\n<h2><strong>What are the lessons for India?<\/strong><\/h2>\n<p>Banga\u2019s US citizenship was a prerequisite for the top WB job.<\/p>\n<p>If India\u2019s e<strong>conomic heft<\/strong> grows, it will be successful in <strong>pushing reforms at WB and IMF<\/strong>. It will be able to nominate its own citizen for this.<\/p>\n<p>Getting there needs to <strong>create opportunities<\/strong> like the US. Many more Indians should be able to rise to the top without travelling to America.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source&#8211; The post is based on the article \u201cBanga Message\u201d published in The Times of India on 25th February 2023. Syllabus: GS3- Economy Relevance: India and institute of global economic governance News- \u00a0Ajay Banga has been nominated as World Bank president. What are the issues faced by WB (World Bank) and IMF(International Monetary Fund)? WB&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/banga-message-on-appointment-of-indians-in\/\">Continue reading <span class=\"screen-reader-text\">Banga Message \u2013 On Appointment of Indians in<\/span><\/a><\/p>\n","protected":false},"author":10320,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[216,10496],"class_list":["post-228726","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-gs-paper-3","tag-times-of-india","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700798174,"cached_date":1704925783},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/228726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10320"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=228726"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/228726\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=228726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=228726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=228726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}