Govt terminates services of IMF ED K V Subramanian 6 months ahead of tenure
New Delhi, May 4 (PTI): Six months ahead of his three-year tenure, the government has terminated the services of K V Subramanian as the executive director at the International Monetary Fund (IMF), sources said on Saturday.
The Appointments Committee of the Cabinet has terminated Subramanian's services effective April 30, 2025, they added.
The reasons for Subramanian's exit have not been officially announced.
The sources said the government would soon find his replacement to be nominated to the IMF board.
According to the sources, Subramanian is learnt to have raised questions about the IMF's datasets, which did not go down well in the corridors of the multilateral agency.
Besides, the sources said, concerns were raised over an "alleged impropriety" relating to the promotion and publicity of his latest book, "India @ 100".
Subramanian was appointed as the executive director (India) at the IMF with effect from November 1, 2022 for a period of three years. Prior to this, he served as the chief economic adviser to the government.
The executive board of the IMF is composed of 25 directors (executive directors or EDs) elected by the member countries or groups of countries.
India is in a four-country constituency, along with Bangladesh, Sri Lanka and Bhutan as members.
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Former minister C M Ibrahim announces to launch new regional party for Karnataka
Kalaburagi: Two years after being expelled from the Janata Dal (Secular), former minister C.M. Ibrahim has announced that he will launch a new regional political party in Karnataka on January 24, reported Deccan Herald.
Speaking at a meeting organised by the Nava Karnataka Nirmana Andolana in Kalaburagi on Sunday, Ibrahim confirmed the birth of the new party.
The 77-year-old politician stated he would soon be meeting with other like-minded individuals to choose a symbol for the party.
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Ibrahim emphasised that the organisation would be guided by the principles of 12th-century social reformer Basavanna and the architect of the Indian Constitution, Dr. B. R. Ambedkar.
A veteran politician, Ibrahim served as Union Civil Aviation Minister during the tenure of H.D. Deve Gowda as Prime Minister and later headed the Karnataka unit of the Janata Dal (Secular). He was expelled from the JD(S) in 2023 on charges of anti-party activities.
His exit from the party followed sharp differences over the JD(S) decision to ally with the Bharatiya Janata Party (BJP). As the then state president of the JD(S), Ibrahim had publicly criticised the alliance, claiming it was finalised without his knowledge. He had also reportedly convened meetings of his supporters and expressed support for the INDIA bloc.
