Raghuram Rajan takes over as RBI Governor
* Raghuram Govind Rajan, chief economic
advisor in the Finance Ministry take over as governor of the Reserve Bank of
India
* Prime Minister Manmohan Singh had
approved his appointment on August 6, 2013 for a term of three years.
* At 50, Mr. Rajan will be among the
youngest to occupy the high office at Mint Street in Mumbai, where he takes
over from incumbent Duvvuri Subbarao.
* Mr. Rajan, who joined the Finance
Ministry in August 2012, brings with him wide experience as a banker,
academician and technocrat, having served institutions such as the
International Monetary Fund and taught at the University of Chicago.
* An alumnus of the Indian Institute of
Technology (IIT) in New Delhi, the Indian Institute of Management (IIM) at
Ahmedabad and the Massachusetts Institute of Technology, and a gold-medallist
all through, Mr. Rajan was the youngest economic-counsellor and chief economist
at the IMF from October 2003 to December 2006.
* His appointment comes at a time when the
Indian economy is passing through rough weather and the government and the
central bank are not particularly seen to be in sync on ways to handle the situation.
Dr. Raghu Ram Rajan is not youngest governor of rbi. He is the 2nd youngest governor. CD Deshmukh is the youngest governor of Reserve bank of india.
ReplyDeleteDr. Raghuram rajan is second youngest governor after CD Deshmukh.