IMF’s new Chief Economist Gita Gopinath had slammed demonetisation
New Delhi, Oct 03: Academic Gita Gopinath, who has been appointed Chief Economist of the IMF, had castigated the Modi government for demonetisation.
Academic and economic adviser to the Kerala government, Gita Gopinath, was on Monday, October 1 appointed as Director of the International Monetary Fund's Research Department.
Gopinath, who received her MA degree from the Delhi School of Economics and Bachelors from Lady Shri Ram College in New Delhi, is the John Zwaanstra Professor of International Studies and Economics at Harvard University. She is concurrently the economic adviser to the Chief Minister of Kerala and, according to her bio at Harvard, was appointed in 2016 to the honorary position with the rank of principal secretary.
The director of the IMF's Research Department oversees the World Economic Outlook Report that is considered a major survey of the global economy, as well as several other reports and research projects that determine the financial and economic statuses of countries.
IMF’s Managing Director Christine Lagarde called Gopinath "an outstanding economist with impeccable academic credentials, a proven track record of intellectual leadership and extensive international experience,” when announcing the appointment on Twitter. "All this makes her exceptionally well-placed to lead our Research Department at this important juncture. I am delighted to name such a talented figure as our Chief Economist," said Lagarde.
Courtesy: www.nationalheraldindia.com
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Commuters bear brunt as labour union protest halts traffic at Delhi-Noida border
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New Delhi (PTI): Commuters faced a harrowing morning on Monday as a massive traffic jam brought vehicular movement to a near standstill at the Delhi-Noida border following a protest by a labour union demanding a salary hike.
The protest, which began early in the day, led to congestion on key arterial roads connecting Delhi and Noida, including NH 9, severely disrupting the office rush hour.
Long queues of vehicles were seen stretching for several kilometres, with many commuters stranded for hours.
A police source said that members of the labour union from Uttar Pradesh gathered near the border area were staging a demonstration, blocking portions of the road and slowing down traffic movement.
"Personnel from the Delhi Police and Noida Police were deployed to manage the situation and divert traffic, but the heavy volume of vehicles compounded the chaos," the source said.
Frustrated commuters took to social media platform X, urging authorities to intervene and clear the roads. Many complained of being stuck in unmoving traffic despite starting early to avoid peak-hour congestion.
An employee of a private company said she left her home at around 7:30 am but remained stuck in traffic for over an hour without any significant movement.
"There is no movement at all. People are getting down from vehicles and trying to figure out what's happening ahead," she said.
Authorities said efforts were underway to clear the congestion and restore smooth traffic flow as soon as possible.
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