25.1 C
Jalandhar
Sunday, October 17, 2021

ਵਾਹਿਗੁਰੂ

spot_img
yes punjab punjabi redirection

kissan

ajaib ghar

sarkari naukri

bijli

madadgaar

sports club

kisan sarkari naukri

muavja

Markfed Sept to Nov

mrsptu

Innocent

Michael Patra appointed as Deputy Governor of RBI replacing Viral Acharya

- Advertisement -

New Delhi, Jan 14, 2020 –

Nearly six months after Viral Acharya resigned as the RBI deputy Governor, there is finally a replacement, on Tuesday the apex bank appointed Executive Director Micheal Patra to the post.

Michael Debabrata Patra has been appointed for three years, according to a statement by the Appointments Committee of the Cabinet. Patra replaced Acharya, who left office on July 23.

Patra will take over as the fourth Deputy Governor at the Reserve Bank of India. He will likely take over the monetary policy portfolio handled by Acharya. He will also be in the all important monetary Policy Committee that takes decisions on the rate of interest.

Patra was one of the candidates who was interviewed by the Finance Ministry panel that included Banking and Finance Secretary Rajeev Kumar and he appears to have steered clear of Prime Ministers’ office as well.

A career central banker who had applied for the post in 2017, Patra is among the rare insiders to be appointed to the post.

The post has traditionally gone to an economist outside the central bank. Prior to Acharya, it was held by Urjit Patel, who was later elevated to the post of governor.

Since Governor Shaktikanta Das took office in December, Patra has voted for three successive rate cuts. Aside from monetary stimulus, he also says that the economy needs fiscal support and has broadly been in line with the consensus when rate cuts or status quo were maintained.   (Agency)

- Advertisement -

Yes Punjab - TOP STORIES

Punjab News

Sikh News

Transfers, Postings, Promotions

- Advertisement -spot_img

Stay Connected

20,369FansLike
112,605FollowersFollow

ENTERTAINMENT

National

GLOBAL

OPINION

Indian Population

In the light of the population explosion debate – by Nirendra Dev

Mizoram has made news -- not necessarily for the wrong reasons but certainly for quite unexpected reasons. North-Eastern India generally makes news due to...
Terrorists Shadow

Tackling the resurgence of jihad in Kashmir – by Amjad Ayub Mirza

With three encounters taking place in less than 24 hours between October 10 and 11, terrorist insurgency has effectively resurged in the Kashmir Valley....
DSGMC Logo

Present Peculiar Scenario of DSGMC post 2021 Elections – by Inder Mohan Singh

The management of the historical Gurdwaras of Delhi came into the hands of local Sikh electorate after enforcement of ‘Delhi Sikh Gurdwaras Act 1971...

SPORTS

Health & Fitness

Slip Disc

Slip disc, sciatica can be treated with minimal invasive technique

Lucknow, Oct 17, 2021- A study by the doctors of Ram Manohar Lohia Institute of Medical Sciences (RMLIMS) in Lucknow, has revealed that a minimal invasive technique for the treatment of 'single level' slip disc and sciatica is as effective as the open conventional surgery. The study was conducted by the anaesthesiology, CCM (customer communication management) and pain medicine department...

Gadgets & Tech