India undeniably a global powerhouse: S Korea

New Delhi (PTI): Punjab National Bank (PNB) on Monday reported a 44% decline in standalone net profit at `629 crore in the third quarter ended December. The state-owned bank had earned a net profit of `1,127 crore in the year-ago period. However, total income during October-December 2022 increased to `25,722 crore as against `22,026 crore in the year-ago period. On the asset quality front, the bank recorded an improvement with gross NPAs declining to 9.76%.

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Chandigarh (PTI): South Korea on Monday said India is undeniably a global powerhouse and that the Indian presidency of G20 will unleash its potential and pay heed to insights and feedback from members and contribute to the international community.

“The impression of this country is that India is undeniably a global powerhouse that not only is a hard power evidenced by economic scales and population but also a soft power equipped with well-known films, cuisines, history and renowned figures,” Byungsik Jung, the representative of South Korea said at the inauguration.

He also exuded confidence about the success of the G20 presidency this year.

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INDIA’S G20 PRESIDENCY

z South Korea said India is undeniably a global powerhouse and that the Indian presidency of G20 will unleash its potential and pay heed to insights and feedback from members

“I am sure that the Indian presidency will unleash its potential and charm and pay heed to insights

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CONTAINING MULTI-PACKS z G20 is an intergovernmental forum of the world’s major developed and developing economies. It comprises Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, EU, Indonesia, Japan, S Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK. and feedback from members and contribute to the international community,” he said.

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New Delhi (FIB): Senior Congress leader and former Finance minister P Chidambaram said that the BJP-led central government in its upcoming budget should focus on addressing issues like the impact of the global slowdown on economic growth, falling exports, increase in the current account deficit and mounting total government debt. He said that the Union Budget should also focus on the danger of falling consumption leading to lower standards of living due to high unemployment rate, layoffs and inflation.

The Union budget is scheduled to be tabled on February 1.