(3) Economist Kaushik Basu appointed as the President of the Intermation Economic Association(IEA). The IEA is a leading organisation founded in 1950 for professional economists that seeks to shape global economic policy and research. Kaushik Basu served as the senior vice president and chief economist at the World Bank from 2012 to 2016 and as the chief economic adviser to the Government of India from 2009 to 2012.