Friday, August 9, 2013

Raghuram Govind Rajan Appointed as the 23rd Governor of RBI


 Raghuram Govind Rajan, chief economic adviser in the finance ministry on 6 August 2013 named the next governor of the Reserve Bank of India (RBI). He will take over from D. Subbarao who demits office on September 4. Rajan will also be among the youngest to occupy the high office at Mint Street in Mumbai and has a tenure of three years.

Rajan is also a visiting professor for the World Bank, Federal Reserve Board, and Swedish Parliamentary Commission. He formerly served as the president of the American Finance Association and was the chief economist of the International Monetary Fund (IMF). Rajan's previous work with the Indian government includes his helmsmanship of a Planning Commission-appointed committee on financial reforms, and as honorary economic adviser to Prime Minister Manmohan Singh

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