Showing posts with label Economist. Show all posts

Nov 24, 2015

Noted labour economist T.S. Papola passes away

11/24/2015
 
The noted labour economist Dr. TS Papola passed away in Delhi at the age of 74.
He had served as an advisor with the erstwhile Planning Commission of Union Government for eight years from 1987 to 1995.
 
About Dr. T.S. Papola
 
  • He was an Advisor with the Planning Commission, Government of India for eight years (1987-1995) and Chairman/Member of several State and National level bodies including the Prime Minister’s Advisory Council on MSMEs.
  • He worked in consultative and advisory capacities with international organisations such as ILO, UNCTAD, UNIDO, UNICEF and UNDP.
  • Dr. Papola was president, Indian Society of Labour Economics, an association of teachers, researchers and practitioners in the field of labour in India, during 1994-2008.
  • He was also president of the Indian Economic Association, for the year 2005–2006. Dr. Papola was awarded VKRV Rao Young Social Scientist Prize for outstanding contribution in Economics in 1984.
  • He was also conferred VKRV Rao Lifetime Achievement Award for contribution to Social Science by the Indian Social Science Association and Kautilya Award by the UP-Uttarakhand Economic Association in 2007.
  • A well-known development economist, Dr. Papola specialised in the areas of labour and employment, development planning, industrial economics, regional development and enterprise development.
  • He taught at the Universities of Lucknow and Bombay, Indian Institute of Management (Ahmedabad), and University of Cambridge, U.K.

Nov 13, 2015

Subir Gokaran appointed as Executive Director of IMF

11/13/2015
Renowned economist Subir Gokaran has been appointed as an Executive Director on the board of the International Monetary Fund (IMF).
Mr. Gokarn’s name was cleared by Appointments Committee of Cabinet (ACC) headed by Prime Minister Narendra Modi. He will replace Rakesh Mohan whose 3 year tenure ends in November 2015.
He will represent grouping of India, Bangladesh, Sri Lanka and Bhutan on the IMF’s Executive Board with a total casting vote of 2.8 per cent of which India has more than 2.3 per cent.
Earlier he had served as Deputy Governor of RBI from 2009 to 2012 and was the youngest Deputy Governors of the central bank at that time. He also had served as a nominee Board Member of the State Bank of India (SBI).

Executive Board of IMF

  • The Executive Board of IMF is based in Washington and is responsible for conducting the day-to-day business of it.
  • Composition: The board comprises 24 Directors, who are appointed or elected by groups of countries or by member countries.
  • It is headed by the Managing Director (MD) who serves as its Chairman.
  • Functions: The Executive Board meets several times in each week and carries out its work largely on the basis of papers prepared by IMF management and staff.
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