Skip to content
Hindi News, हिंदी समाचार, Samachar, Breaking News, Latest Khabar – Pratirodh

Hindi News, हिंदी समाचार, Samachar, Breaking News, Latest Khabar – Pratirodh

Primary Menu Hindi News, हिंदी समाचार, Samachar, Breaking News, Latest Khabar – Pratirodh

Hindi News, हिंदी समाचार, Samachar, Breaking News, Latest Khabar – Pratirodh

  • Home
  • Newswires
  • Politics & Society
  • The New Feudals
  • World View
  • Arts And Aesthetics
  • For The Record
  • About Us
  • Featured

India Appoints Michael Patra As RBI Deputy Governor

Jan 14, 2020 | Pratirodh Bureau

FILE PHOTO: CCTV cameras are seen installed above the logo of Reserve Bank of India (RBI) inside its headquarters in Mumbai on February 7, 2019

India’s government appointed career central banker Michael Patra as one of the Reserve Bank of India’s (RBI) four deputy governors for a three-year term, it said in a statement on Tuesday.

He will fill a vacancy left by former deputy governor Viral Acharya, who resigned last June, six months before the scheduled end of his term in office.

Acharya cited personal reasons for his departure, but had previously clashed with Prime Minister Narendra Modi’s government over an erosion of the central bank’s independence.

He was the third key senior central bank official under the Modi government to resign, following the departures of former RBI governors Raghuram Rajan in 2016 and Urjit Patel in December 2018.

Patra, currently an executive director at the RBI, had applied for a deputy governor’s post in 2017.

He has been a part of the central bank’s monetary policy committee since its inception, and has long been viewed as a monetary policy hawk.

However, since Governor Shaktikanta Das took office in December, Patra has voted for three successive rate cuts and has said the economy needs fiscal support in the current environment.

“It’s an excellent decision. He is an accomplished monetary economist with not just strong academic credentials but also has rich understanding of ground level economic realities of India. This is the best choice in my opinion,” said Rupa Rege Nitsure, chief economist at L&T Financial Holdings.

Tags: Michael Patra, Pratirodh, prime minister narendra modi, Raghuram Rajan, RBI, RBI deputy governor, RBI Governor Shaktikanta Das, Reserve Bank of India, Urjit Patel, Viral Acharya

Continue Reading

Previous Opposition Parties Discuss Anti-CAA Protests, Campus Violence
Next Satya Nadella ‘Saddened’ By India’s Citizenship Law

More Stories

  • Featured

India’s Net-Zero Dream: Between Diplomacy And Reality

12 hours ago Pratirodh Bureau
  • Featured

‘Super-spreader’ Erupts As Devout Throng Kumbh Mela

12 hours ago Pratirodh Bureau
  • Featured

Crises Between India, Pak Likely To Intensify: US Intel Report

19 hours ago Pratirodh Bureau

Recent Posts

  • India’s Net-Zero Dream: Between Diplomacy And Reality
  • ‘Super-spreader’ Erupts As Devout Throng Kumbh Mela
  • Crises Between India, Pak Likely To Intensify: US Intel Report
  • Navalny Has Difficulty Speaking, Loses More Weight, Wife Says
  • Retd Judge Who Gave Babri Verdict Made UP Deputy Lokayukta
  • Covid Pandemic ‘A Long Way From Over’: WHO Chief
  • 10 States Show Steep Rise In Daily COVID-19 Cases
  • Myanmar Activists Vow Week Of Protests During NY Holidays
  • Clashes In US After Cop Shoots 20-Year-Old Black Man
  • Big Spike In Daily Covid Cases, But Crowds Gather For Festival
  • Farmers Ready To Talk If Govt Invites, No Change In Demands: Tikait
  • Illegal Driftnet Use Rife In Indian Ocean: Greenpeace
  • As Migrants Flee Cities, Concerns About Covid Surge In Villages
  • Not Even Fear Of Covid Can Disrupt Protest, Say Agitating Farmers
  • US Defends Navy Ship’s Navigational Rights Inside India’s EEZ
  • George Floyd Autopsy: Doctor Stands By Homicide Conclusion
  • Gyanvapi Mosque: UP Waqf Board To Challenge ASI Survey Order
  • Police Clamp Curbs On Media Coverage Of Kashmir Gunbattles
  • Govt. To Review Covid Vaccines After Blood Clot Warning
  • ‘Climate Change, Rich-Poor Gap, Conflict Likely To Grow’

Search

Main Links

  • Home
  • Newswires
  • Politics & Society
  • The New Feudals
  • World View
  • Arts And Aesthetics
  • For The Record
  • About Us

Related Stroy

  • Featured

India’s Net-Zero Dream: Between Diplomacy And Reality

12 hours ago Pratirodh Bureau
  • Featured

‘Super-spreader’ Erupts As Devout Throng Kumbh Mela

12 hours ago Pratirodh Bureau
  • Featured

Crises Between India, Pak Likely To Intensify: US Intel Report

19 hours ago Pratirodh Bureau
  • Featured

Navalny Has Difficulty Speaking, Loses More Weight, Wife Says

20 hours ago Pratirodh Bureau
  • Featured

Retd Judge Who Gave Babri Verdict Made UP Deputy Lokayukta

1 day ago Pratirodh Bureau

Recent Posts

  • India’s Net-Zero Dream: Between Diplomacy And Reality
  • ‘Super-spreader’ Erupts As Devout Throng Kumbh Mela
  • Crises Between India, Pak Likely To Intensify: US Intel Report
  • Navalny Has Difficulty Speaking, Loses More Weight, Wife Says
  • Retd Judge Who Gave Babri Verdict Made UP Deputy Lokayukta
Copyright © All rights reserved. | CoverNews by AF themes.