Economist Current Affairs - 2019

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Subir Gokaran appointed as Executive Director of IMF

Renowned economist Subir Gokaran has been appointed as an Executive Director on the board of the International Monetary Fund (IMF).

Mr. Gokarn’s name was cleared by Appointments Committee of Cabinet (ACC) headed by Prime Minister Narendra Modi. He will replace Rakesh Mohan whose 3 year tenure ends in November 2015.

He will represent grouping of India, Bangladesh, Sri Lanka and Bhutan on the IMF’s Executive Board with a total casting vote of 2.8 per cent of which India has more than 2.3 per cent.

Earlier he had served as Deputy Governor of RBI from 2009 to 2012 and was the youngest Deputy Governors of the central bank at that time. He also had served as a nominee Board Member of the State Bank of India (SBI).

Executive Board of IMF

  • The Executive Board of IMF is based in Washington and is responsible for conducting the day-to-day business of it.
  • Composition: The board comprises 24 Directors, who are appointed or elected by groups of countries or by member countries.
  • It is headed by the Managing Director (MD) who serves as its Chairman.
  • Functions: The Executive Board meets several times in each week and carries out its work largely on the basis of papers prepared by IMF management and staff.

Month: Categories: Persons in News

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Eminent Economist Mrinal Datta Chaudhuri passes away

Eminent economist, policy advisor and noted academic Mrinal Datta Chaudhuri passed away in Pune, Maharashtra 19 May 2015.

He had served as Director of Delhi School of Economics (DSE) and was a visiting professor of economics at the Universities of Harvard and Minnesota. He was popularly and affectionately called as ‘MDC’ among his circles.

He had studied with Nobel Laureate Amartya Sen in Shantiniketan and later completed education from Kolkata’s Presidency College and had completed his Ph.D. from the Massachusetts Institute of Technology (MIT).

His numerous prescient papers on Indian planning had an enormous impact on former Prime Minister Dr. Manmohan Singh.

Dr. Chaudhuri was a policy advisor in the former Congress-led UPA governments and had served on many committees and advisory bodies of Union Government. He was part of the unofficial think tank that had helped usher in the policy of economic reforms of 1991.

Awards and Honours: Padma Bhushan (2005) in the field of Trade and Industry.

Month: Categories: Business, Economy & Banking

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