Former RBI Governor Urjit Patel appointed Executive Director of IMF
New Delhi (PTI): Former Reserve Bank of India Governor Urjit Patel has been appointed as the Executive Director of International Monetary Fund, a Personnel Ministry order said.
Patel took over as 24th Governor of Reserve Bank of India (RBI) on September 4, 2016.
However, he had resigned from the post before the completion of his term, citing personal reasons. His tenure ended a day after his resignation on December 10, 2018.
The Appointments Committee of the Cabinet has approved the appointment of Patel, an economist and former RBI Governor, to the post of Executive Director, International Monetary Fund, for a period of three years, said the order dated August 28.
Patel was the first central bank governor since 1990 to step down before completion of his tenure.
He had earlier served at the International Monetary Fund.
Patel, who had also served as RBI's Deputy Governor, was on deputation from the IMF to the central bank during 1996-1997, and in that capacity he provided advice on development of the debt market, banking sector reforms, pension fund reforms, and evolution of the foreign exchange market.
He was a consultant to the Ministry of Finance (Department of Economic Affairs) from 1998 to 2001. He has also had other assignments in the public and private sectors.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
345 Indian fishermen stranded in Iran return home via Armenia
New Delhi (PTI): A group of 345 Indian fishermen, who were stranded in Iran amid escalating regional tensions, returned to India via Armenia on Saturday, officials said.
External Affairs Minister S Jaishankar thanked his Armenian counterpart Ararat Mirzoyan for assistance in return of the Indian nationals.
The Indian nationals arrived in Chennai this evening, the officials cited above said.
The circumstances that led to them being stranded in Iran were not immediately known.
"Thank FM @AraratMirzoyan and the Government of Armenia for facilitating the evacuation of Indian fishermen today from Iran, through Armenia to India," Jaishankar said on social media.
Over 1,500 Indian nationals have left Iran through land border crossings in Armenia and Azerbaijan since the start of the West Asia conflict over a month ago.
"A group of Indian fishermen, stranded in Iran, are returning home via Armenia today; their flight is expected to reach India this evening," a government statement said.
It said the Ministry of External Affairs continues to closely monitor the evolving situation in the West Asian region, with the safety, security and welfare of the Indian community being accorded the highest priority.
It also made a mention of five Indians being injured in Abu Dhabi on Friday.
According to Abu Dhabi authorities, the Indian nationals were among the 12 people injured by debris from an intercepted missile.
"In an attack in Abu Dhabi, five Indian nationals were injured; four have been discharged, one remains under treatment," the Indian government's statement said.
It said the Indian mission in Abu Dhabi is extending "full" assistance and coordinating with local authorities, adding that their flight is expected to reach India this evening.
