Former RBI Governor, Urjit Patel, appointed as ED at IMF
Former Governor of Reserve Bank of India (RBI), Urjit Patel, has been appointed Executive Director at the International Monetary Fund (IMF), government said in a statement on Friday.
Former Governor of Reserve Bank of India (RBI), Urjit Patel, has been appointed Executive Director at the International Monetary Fund (IMF), government said in a statement on Friday.
Acharya submitted a letter to the RBI informing that due to 'unavoidable personal circumstances' he is unable to continue his term beyond July 23, 2019.
Addressing the media on monetary policy, Das said the GDP growth has been projected at 7.4 per cent for 2019-20.
Congress calls the interview a "monologue" with "full of jumla"; BJP says PM Modi demolished the “motivated agenda” of Opposition parties with this comprehensive interview on the New Year Day
That two economists of international eminence have found it impossible to serve as its governors under the current dispensation is self-revealing of the narrow straits into which India’s central bank is being forced into, which is far from edifying.
Questioning Das' credentials for the crucial post, the Sena said while the two previous RBI governors - Raghuram Rajan and Urjit Patel - were world-renowned economists, the current incumbent is only a graduate with no "known" knowledge of economics and is an IAS officer (bureaucrat) with specialisation in history.
The meeting comes in the backdrop of surprise resignation by Urjit Patel earlier this week citing personal reasons.
New RBI Governor says he will 'uphold professionalism, values, credibility and autonomy of the institution'; has called a meeting of the heads of state-run banks on Friday
Positivity in Asian markets contributed to the gaines by the domestic equity indices.
Meanwhile, the Indian rupee opened lower by 35 paise at 72.20 per dollar on Wednesday versus yesterday's 71.85.
