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Parameswaran to represent India in IMF after Subramanian exit

Financial Express Kochi

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May 06, 2025

AHEAD OF A crucial meeting of the International Monetary Fund (IMF) on fresh loans to Pakistan, the government has given India's executive director at the World Bank Parameswaran Iyer temporary charge at IMF also, following the premature exit of K V Subramanian.

- FE BUREAU

Iyer, the former CEO of Niti Aayog, has been given the responsibility of India's nominee executive director on the board of IMF, sources said, adding that a regular appointment may take some time.

The Appointments Committee of the Cabinet had terminated Subramanian's services effective April 30, 2025, six months ahead of his three-year tenure.

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All eyes on RBI policy given record low inflation: Goyal

THE SUBDUED NOMINAL GDP growth of 8.7% in the September quarter has raised expecta- tions of a rate cut by the Reserve Bank of India in the December policy review.

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Extra US tariff may go by year-end: Commerce secy

INDIA AND THE US are negotiating on two tracks to resolve their trade standoff, and the first one will likely address the 50% additional tariff on Indian exports by Decemberend, Commerce Secretary Rajesh Agrawal said on Friday.

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Airtel user addition in Oct jumps nearly 3x over Sept

BHARTI AIRTEL'S NET subscriber additions gathered momentum in October, with the telco adding 1.25 million new users during the month, up sharply from 437,717 in September, according to the latest subscriber data released by the Telecom Regulatory Authority of India (Trai).

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