Govt abruptly terminates IMF stint of ex-CEA Subramanian

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Introduction:

The news topic “Govt abruptly terminates IMF stint of ex-CEA Subramanian” has drawn international attention, with various media outlets providing diverse insights, historical context, political stances, and on-the-ground developments. Below is a curated overview of how different countries and media organizations have covered this topic recently.

Quick Summary:

• Krishnamurthy V Subramanian’s three-year tenure was due to end in 2022. The appointments committee of the cabinet approved the termination, an official notification said. It was not immediately clear why his appointment was terminated. He was appointed in place of Surjit S Bhalla as India’s 17th chief economic advisor between 2018 and 2020 at the finance ministry. He tried to simplify the Economic Survey for the common man by introducing ideas such as “Thalinomics, V-shaped recovery and behavioural economics of nudge”
• Unprovoked small arms fire was reported across the LoC in areas opposite Kupwara, Baramulla, Poonch, Rajauri, Mendhar, Naushera, Sunderbani, and Akhnoor in Jammu and Kashmir. Indian troops responded to the violations “promptly and proportionately” India followed up its series of retaliatory steps against Pakistan for abetting the Pahalgam terror attack by banning on Saturday all direct and indirect imports, inbound mail and parcels from Pakistan. Pakistan also banned Indian ships and flag carriers from using its ports, citing the need “to safeguard maritime sovereignty and economic interests” Islamabad said any decision would be made on a case-by-case basis.
• The Reserve Bank of India (RBI) unveiled its first monetary policy decision for FY26 on Wednesday. The announcement comes amid growing fears of a global economic slowdown, with US protectionist measures casting a shadow over emerging markets, including India. In its last policy review in February, the RBI lowered the benchmark repo rate by 25 basis points to 6.25%, its first rate cut in nearly five years. In a major step that will ease loan EMIs, the Reserve Bank has slashed the repo rate from 6. 25% to 6% for the second time in a row, to support a shuttering economy hit by reciprocal tariffs imposed by the US. Food inflation dropped to a 21-month low of 3.8% in February due to a strong seasonal corr.CPI inflation for the financial year 2025-26 is projected at 4%, with Q1 at 3.6%; Q2 at. 3.9%; Q3 at3.8%; Q4 at 4.4%.

Country-by-Country Breakdown:

Original Coverage

Krishnamurthy V Subramanian’s three-year tenure was due to end in 2022. The appointments committee of the cabinet approved the termination, an official notification said. It was not immediately clear why his appointment was terminated. He was appointed in place of Surjit S Bhalla as India’s 17th chief economic advisor between 2018 and 2020 at the finance ministry. He tried to simplify the Economic Survey for the common man by introducing ideas such as “Thalinomics, V-shaped recovery and behavioural economics of nudge” Read full article

Pahalgam attack news live updates: Pak to use ‘full spectrum of power’ if India attacks, says its Russian envoy

Unprovoked small arms fire was reported across the LoC in areas opposite Kupwara, Baramulla, Poonch, Rajauri, Mendhar, Naushera, Sunderbani, and Akhnoor in Jammu and Kashmir. Indian troops responded to the violations “promptly and proportionately” India followed up its series of retaliatory steps against Pakistan for abetting the Pahalgam terror attack by banning on Saturday all direct and indirect imports, inbound mail and parcels from Pakistan. Pakistan also banned Indian ships and flag carriers from using its ports, citing the need “to safeguard maritime sovereignty and economic interests” Islamabad said any decision would be made on a case-by-case basis. Read full article

RBI monetary policy 2025 updates: US tariff impact much less on India, says RBI governor

The Reserve Bank of India (RBI) unveiled its first monetary policy decision for FY26 on Wednesday. The announcement comes amid growing fears of a global economic slowdown, with US protectionist measures casting a shadow over emerging markets, including India. In its last policy review in February, the RBI lowered the benchmark repo rate by 25 basis points to 6.25%, its first rate cut in nearly five years. In a major step that will ease loan EMIs, the Reserve Bank has slashed the repo rate from 6. 25% to 6% for the second time in a row, to support a shuttering economy hit by reciprocal tariffs imposed by the US. Food inflation dropped to a 21-month low of 3.8% in February due to a strong seasonal corr.CPI inflation for the financial year 2025-26 is projected at 4%, with Q1 at 3.6%; Q2 at. 3.9%; Q3 at3.8%; Q4 at 4.4%. Read full article

Stock Market LIVE: Sensex closes over 300 points lower, Nifty down over 80 on day 1 of Trump’s tariffs

Indian stock markets opened in selling pressure on Thursday, following a global decline triggered by U.S. President Donald Trump’s latest tariff announcement. A 10 per cent “baseline tariff” takes effect at 12:01am (0401 GMT) on April 5, while elevated rates for those the White House deemed “the worst offenders” kick in on April 9. The Indian markets opened red, but a surge in pharma stocks, helped by a tariff exemption, softened the blow in early trade. The rupee held up reasonably well to the dip in most Asian currencies and equities. In the United States, stocks future fell as Trump spoke, with S&P 500 futures ending with a shrink over 3.5% while contracts on the Nasdaq 100 slid 4.5%. The dollar fell 0.9% against the yen, while the Mexican peso was about 0.4% lower. Read full article

Global Perspectives Summary:

Global media portray this story through varied cultural, economic, and political filters. While some focus on geopolitical ramifications, others highlight local impacts and human stories. Some nations frame the story around diplomatic tensions and international relations, while others examine domestic implications, public sentiment, or humanitarian concerns. This diversity of coverage reflects how national perspectives, media freedom, and journalistic priorities influence what the public learns about global events.

How did your country report this? Share your view in the comments.

Sources:

• Original Article
• Pahalgam attack news live updates: Pak to use ‘full spectrum of power’ if India attacks, says its Russian envoy
• RBI monetary policy 2025 updates: US tariff impact much less on India, says RBI governor
• Stock Market LIVE: Sensex closes over 300 points lower, Nifty down over 80 on day 1 of Trump’s tariffs

Source: https://www.hindustantimes.com/india-news/govt-abruptly-terminates-imf-stint-of-ex-cea-subramanian-101746297885626.html