Tuesday, September 08
Urjit Patel, former Reserve Bank of India (RBI) Governor, has been appointed as Executive Director at the International Monetary Fund (IMF) by the Indian government. This marks a return to the institution where Patel, a Kenyan-born Indian economist, began his career more than three decades ago.With academic training from Oxford and Yale, Patel has held diverse roles in global finance, Indian policymaking, and the corporate sector. From shaping India’s monetary policy framework to serving at the Asian Infrastructure Investment Bank (AIIB) as a vice president, his career trajectory has been a long and impressive one.Career Timeline of Urjit Patel Education: B.Sc. Economics – London School of Economics (1984) M.Phil. Economics – Oxford University (1986) Ph.D. Economics – Yale
Finance minister Nirmala Sitharaman on Thursday told a visiting trade delegation that the government will extend comprehensive support to exporters to sustain growth momentum, a day after an extra 50% US tariff on most Indian goods took effect.At the same time, Sitharaman underscored “the importance of protecting workers’ livelihoods, calling upon industry leaders to reassure employees of job continuity even amidst global headwinds,” according to a statement by the Federation of Indian Export Organisations (FIEO).The minister told the FIEO delegation that the government is committed to addressing the exporting community’s concerns and exploring all possible steps to safeguard its interest, according to the statement by the apex exporters’ body. The additional tariff is estimated
