Why did RBI Governor Raghuram Rajan resign?
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Why did RBI Governor Raghuram Rajan resign?
Rajan, who was Governor of the Reserve Bank of India (RBI) from September 5, 2013 to September 2016, said during his term a clean up of the banking sector that was “clogging” with bad loans had begun and the job remains unfinished. He said the country needs a new generation of reforms to accelerate economic growth.
Who will be the next Governor of Reserve Bank of India?
Shaktikanta Das
“The Appointments Committee of the Cabinet has approved the reappointment of Shaktikanta Das, lAS Retd. (TN:80) as Governor, Reserve Bank of India for a period of three years beyond 10.12.
Who has the shortest tenure as the Governor of RBI?
Ghosh had the shortest stint as RBI governor, from January 15, 1985 to February 4, 1985, which was a stop-gap arrangement while Ghosh was serving as a deputy governor and waiting to hand over charge to the 17th RBI Governor R N Malhotra.
Who has the longest tenure as the Governor of RBI?
Sir Benegal Rama Rau
Holding office for over seven years, Sir Benegal Rama Rau was the longest-serving governor, while Amitav Ghosh’s 20-day term is the shortest….List of Governors of the Reserve Bank of India.
| No. | 1 |
|---|---|
| Officeholder | Osborne Smith |
| Term start | 1 April 1935 |
| Term end | 30 June 1937 |
| Term in office | 2 years, 90 days |
Who appointed Raghuram Rajan as the RBI governor?
Rajan was appointed the RBI Governor by the Congress-led UPA regime in 2013. In 2016, he reportedly sought a second term, but wasn’t given an extension by the BJP-led NDA regime. For three years between 2003 and 2006, Rajan had worked as Chief Economist of the International Monetary Fund.
What is the salary of Raghuram Rajan?
Interestingly, Rajan’s salary during his tenure was Rs 1.69 lakh per month, which means that the RBI spent more on transporting his household goods (Rs 71 lakh) than what they paid him as salary for the entire three years (Rs 61.2 lakh approximately).
Who was the first Indian Reserve Bank Governor?
Chintaman Dwarkanath Deshmukh
Chintaman Dwarkanath Deshmukh, a member of the Indian Civil Service, was the first Indian Governor of the Bank. His association with the Bank commenced in 1939, when he was appointed Government’s liason officer. He later served as Secretary and thereafter in 1941 as Deputy Governor of the Bank.
How did Raghuram Rajan become governor?
In 2008, then Prime Minister Manmohan Singh appointed Rajan as an honorary economic adviser. From there, Rajan became the Chief Economic Adviser to the government of India. He was highly praised for his policy recommendations and, as a result, appointed RBI Governor in 2013.