Montek shortlisted as IMF evaluator
New Delhi: Montek Singh Ahluwalia, member of planning commission, is among the six international candidates shortlisted for the post of an external evaluator at the International Monetary Fund.

The final selection will be decided by a vote shortly.

The post of an external evaluator along with a full-fledged independent evaluation office not manned by the Fund staff was first mooted by the IMF’s international monetary and finance committee comprising 24 finance ministers from around the world, including the Indian finance minister.

The committee thought it was necessary to create an independent evaluators office in order to monitor the functioning of the IMF.
The committee is scheduled to meet again at the end of April after which the final candidate will be selected.

The post of an external evaluator is at par with that of an IMF senior director. It comes with an annual pay packet (tax free) of $200,000 (approximately Rs 93 lakh), which if adjusted for US tax rates could be valued at close to $350,000 per annum. The assignment will come with tenure of four years.
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Top level changes at Satyam’s US subsidiary
Hyderabad: The US-based subsidiary of Satyam Computer Services, Vision Compass is restructuring operations, and as part of this has terminated the services of its chief executive Dr Robert Bismuth and 39 other personnel besides reducing operating costs by 70 per cent according to a press release from the company.

Dr Sudhakar Varanasi, Satyam's Seattle-based vice-president will succeed Bismuth and hold all executive and administrative responsibilities during the restructuring phase, Satyam said.
The restructuring exercise would reduce operating costs from the present $1.1 million to $0.35 million per month.

The US subsidiary was responsible for marketing the Vision Compass product to three specific industry segments encompassing, manufacturing supply chain, telecommunications and professional services.

In order to curtail any further investment in the subsidiary, Satyam was also evaluating a few proposals from strategic financial investors, the release added.
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