> Home / More Current Affair News / Current Affair Detail

Raghuram Rajan appointed next RBI Governor



Updated On - Monday, 26 August 2013

7 August 2013

Chief Economic Adviser Raghuram Govind Rajan was on Tuesday appointed as Governor of the Reserve Bank of India (RBI) for three years. He will take over from D. Subbarao who demits office on September 4.

At 50, by far one of the youngest to become RBI Governor, Dr. Rajan, who is credited to have correctly predicted the 2008 financial crisis, is set to take over the mantle of the central bank at a time when the economy is faced with a multi-pronged crisis of high consumer price inflation, industrial slowdown, a free fall of the rupee and a widening current account deficit (CAD).

Set to take charge as the 23rd chief of the RBI when he assumes charge from Dr. Subbarao who was not often seen on the same page with the government and pursued a tight monetary policy to rein in inflation, Dr. Rajan, former Chief Economist of the International Monetary Fund (IMF), sought to paint the task he is faced with.

Lest the nation, particularly India Inc., look forward to a complete transformation, Dr. Rajan said in a statement after his appointment that the RBI had a tradition of integrity, independence and professionalism. “These are challenging times for the Indian economy, and the RBI and the government will work together…We don’t have a magic wand to make the problems disappear. But absolutely we will deal with them.”

Published by:  The Hindu

Entrance Exam Notice Board 2022
Entrance Exam Notice Board
All India
Council of Scientific and Industrial Research- University Grants Commission National Eligibility Test (CSIR UGC NET)
Exam Date : 01/29/2022 Last Date : 01/02/2022
Entrance Exam Notice Board
All India
All India Entrance Examination for Design (AIEED)
Exam Date : 01/05/2022 Last Date :
Entrance Exam Notice Board
All India
Banaras Hindu University Undergraduate Entrance Test (BHU UET)
Exam Date : 09/28/2021 Last Date : 09/06/2021
Entrance Exam Notice Board
All India
Banaras Hindu University Postgraduate Entrance Test (BHU PET)
Exam Date : 09/28/2021 Last Date : 09/06/2021
Entrance Exam Notice Board
All India
Common Entrance Examination for Design (CEED)
Exam Date : 01/23/2022 Last Date : 11/16/2021
Entrance Exam Notice Board
All India
Undergraduate Common Entrance Examination for Design (UCEED)
Exam Date : 01/23/2022 Last Date : 11/16/2021
Entrance Exam Notice Board
All India
Joint Admission Test (JAM)
Exam Date : 02/13/2022 Last Date : 10/11/2021
Entrance Exam Notice Board
All India
Graduate Aptitude Test in Engineering (GATE)
Exam Date : 02/05/2022 Last Date : 09/24/2021
Entrance Exam Notice Board
All India
MIT Institute of Design Design Aptitude Test (MIT ID DAT)
Exam Date : 04/03/2022 Last Date : 02/28/2022
Entrance Exam Notice Board
All India
Odisha University of Agriculture and Technology (OUAT)
Exam Date : 09/27/2021 Last Date : 08/31/2021
Entrance Exam Notice Board
All India
Indian Business Schools Aptitude Test (IBSAT)
Exam Date : 12/25/2021 Last Date : 12/16/2021
Entrance Exam Notice Board
All India
Xavier Aptitude Test (XAT)
Exam Date : 01/02/2022 Last Date : 11/30/2021
More...