• search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Economist Surjit S Bhalla appointed as Executive Director for India at IMF

By PTI
|

New Delhi, Oct 1: Eminent economist Surjit S Bhalla was on Tuesday appointed as the Executive Director for India on the board of the International Monetary Fund (IMF), an official order said. Bhalla (71) will succeed former RBI deputy governor Subir Gokarn, who died in the US on July 30 after a brief illness.

Economist Surjit S Bhalla appointed as Executive Director for India at IMF

Gokarn, who died at the age of 59, was appointed as the executive director for India on the board of the IMF in November 2015. He was to complete his term in October. The Appointments Committee of the Cabinet (ACC), headed by Prime Minister Narendra Modi, approved the appointment of Bhalla for a period of three years from the date of assumption of charge of the post or until further orders, whichever is earlier, the order said.

Bhalla, an economist and columnist, in December last year resigned as part-time member of the Economic Advisory Council to the Prime Minister (EAC-PM). He holds a PhD in Economics from Princeton University, a Masters in Public and International Affairs from Woodrow Wilson School, Princeton University, and a BSEE degree from Purdue University.

No need to panic, Indian banking system safe, RBI assures

The EAC-PM is an independent body constituted to advise the government of India, specifically the prime minister, on economic and other related issues. Bhalla will join the Washington-based IMF's Executive Board which is responsible for conducting the day-to-day business of the multilateral institution. The board comprises 24 directors, who are appointed or elected by member countries or by groups of countries, and a managing director, who serves as its chairman.

The board meets several times each week and carries out its work largely on the basis of papers prepared by the IMF management and staff.

Meanwhile, in a separate appointment, additional charge of the post of the Secretary, Department of Public Enterprises, was assigned to Asha Ram Sihag, a 1983-batch IAS officer of Himachal Pradesh cadre, who is the Secretary, Department of Heavy Industry, with immediate effect and till the appointment of a regular incumbent or until further orders, whichever is earlier.

In another order, additional charge of the post of the Secretary, Ministry of Panchayati Raj, was assigned to Amarjeet Sinha, a 1983-batch IAS officer of Bihar cadre who is the Secretary, Department of Rural Development, with immediate effect and till the appointment of a regular incumbent or until further orders, whichever is earlier.

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more