New Delhi, May 5 (PTI) The International Monetary Fund on Monday said that the termination of services of Executive Director K V Subramanian was a decision taken by the Indian government.

Government of India has terminated services of Subramanian six months ahead of his three-year tenure. The termination was effective April 30, 2025. However, reasons for Subramanian's exit have not been officially announced.

Also Read | Pune Horror: Teenager Rapes Minor Step-Sister in Public Toilet in Kondhwa, Incident Comes to Light After Victim Complains of Stomach Pain; Case Registered.

"The appointment and termination of any member of the Executive Board is a decision for member countries to make. The termination of ED Subramanian is a decision by the Government of India. We wish him well in his future endeavours and look forward to working with his successor," IMF spokesperson said when reached out for comments.

According to sources, concerns were raised over an "alleged impropriety" relating to the promotion and publicity of his latest book, 'India@100: Envisioning Tomorrow's Economic Powerhouse'.

Also Read | What Is Civil Defence Mock Drill? When It Will Take Place? What Key Measures Will Be Taken? As India Prepares for Emergencies Amid Rising Tension With Pakistan, Here's All You Need Know.

It is also alleged that Subramanian used his official position to pressurise some institutions to purchase his book.

Subramanian was appointed as the executive director (India) at the IMF with effect from November 1, 2022 for a period of three years. Prior to this, he served as the chief economic adviser to the government.

The executive board of the IMF is composed of 25 directors (executive directors or EDs) elected by the member countries or groups of countries.

India is in a four-country constituency, along with Bangladesh, Sri Lanka and Bhutan as members.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)