CURRENT AFFAIRS

Detailed explanation-1: -Surjit Bhalla is an Indian economist, author and columnist, who is currently the Executive Director for India at the International Monetary Fund (IMF). He was appointed as a member of the newly formed Economic Advisory Council to the second Modi ministry, from where he resigned in December 2018.

Detailed explanation-2: -Subramanian’s term will begin from November and will continue for a period of three years or until further orders, whichever is earlier, by curtailing the tenure of eminent economist Surjit S Bhalla as ED (India), IMF up to 31 October, 2022.

Detailed explanation-3: -India is represented at the IMF by an Executive Director, currently Dr. Rakesh Mohan, who also represents three other countries as well, viz. Bangladesh, Sri Lanka and Bhutan.