CURRENT AFFAIRS

Detailed explanation-1: -Ajaypal Singh Banga (born November 10, 1959) is an Indian-American business executive.

Detailed explanation-2: -CNBC-TV18 caught up with Michael Miebach on his first visit to India after taking charge as global CEO of Mastercard. Miebach spoke on a wide range of issues including the future of payment systems and opportunities in India.

Detailed explanation-3: -Following a successful decade as Mastercard CEO, Ajay Banga had moved to the executive chairman role in February this year to facilitate a smooth transition. Mastercard’s Ajay Banga has been one of the topmost Indian-American corporate leaders and a strong advocate of India-US relationship.