Raghuram Govind Rajan to be appointed Next RBI Governor
- Chief Economic Advisor Raghuram G Rajan has been appointed as the next Governor of the Reserve Bank of India (RBI).
- Mr. Rajan will replace D. Subbarao, who completes his 5 Years term on 4-Sept-2013 and will be the 23rd Governor of the central bank(Reserve Bank of India).
- Dr. Manmohan Singh (Prime Ministerof India) has approved appointment of Raghuram Govind Rajan as Governor of RBI for a term of three years," an official statement said.
- "These are challenging times for the Indian economy and the RBI and government will work together," Rajan said in a statement shortly after the announcement.
11 (Eleven) Interesting Facts about "Raghuram Govind Rajan"
1. An alumni of IIM-Ahmedabad and IIT-Delhi, Rajan did his doctorate from the Massachusetts Institute of Technology. He was professor at the University of Chicago's Booth School of Business before taking over as CEA.
2. Raghuram Rajan will take over as the next governor just in time for the next mid-quarter policy review on September 18.
3. Raghuram Rajan will become the 23rd governor of the Reserve Bank.
4. Y. V. Reddy and D. Subbarao was an IAS officer but the Rajan is an economist. The other economist to be appointed as governor was Bimal Jalan.
5. Raghuram Rajan was also involved with the report on Financial Sector Reforms, which was authorised by the Planning Commission.
6. One of the youngest governors, Rajan shares a common factor with Prime Minister Manmohan Singh, who was also 50-years-old when he became the RBI governor.
7. Raghuram Rajan was appointed as the youngest-ever Economic Counselor and Director of Research (chief economist) at the International Monetary Fund (IMF) from October 2003 to December 2006.
8. Admitting that he is poor in Hindi, he said he started learning Hindi in 7th grade and of course passed the examination. He plans to master the national language soon.
9. Rajan, who was a gold medalist in IIT Delhi and IIM Ahmedabad, was featured on Foreign Policy magazine's Top 100 Global Thinkers list in 2010 and 2012.
10. Raghuram Rajan is credited for predicting the 2008 global financial crisis.
11. Raghuram Rajan’s younger brother, Mukund Rajan is the Group Spokesperson and Chief Ethics Officer of the Tata group.
Courtesy: Rediff.com
Related Links : Current Affairs September 2013, Career power Current Affairs August 2013, Career power Current Affairs May , Career power Current Affairs June, Career Power Current Affairs July