Bureau Report: India is hosting the G20. On its opening day on Saturday, a proud picture has also emerged for Punjabis. Prime Minister Narendra Modi was welcoming the Prime Ministers and Presidents of all countries at the ‘Bharat Mandapam’, the venue of the G20 summit. Meanwhile, when the head of the world’s most powerful organization came in the form of a Sikh in Mehrun Pag, Prime Minister Narendra Modi welcomed him with great warmth. This person was none other than the President of the World Bank, Ajipal Singh Banga. A few months ago, US President Joe Biden has given him this position. Ajaypal Singh Banga is a big name in the whole world. After becoming the president of the World Bank, he is counted among the most powerful personalities in the world.
Highest Paid CEO
Ajaypal Singh Banga has assumed the post of President of the World Bank for 5 years on 2nd June 2023. Prior to this he was the CEO of MasterCard which employed 24 thousand employees. Bagga was the world’s highest paid CEO while working at MasterCard. At that time, his annual salary was 1 billion 92 crore 32 lakh 46 thousand 975 rupees. According to Fob’s list, his total assets are currently 2100 crores. Apart from this, he has also been the Vice Chairman of General Atlantic. He was also made the Chairman of the International Chamber of Commerce from 2020 to 2022. In 2016, Ajaypal Singh Banga was also honored with the Padma Shri Award by the Government of India. In 2019, he received the Global Leadership Award.
United Nations Secretary General Antonio Guterres, Managing Director of the International Monetary Fund IMF was also invited to the G2O Summit. In this two-day conference in New Delhi, developed and developing countries will discuss many issues.