Ending days of speculation, deputy RBI Governor Urjit Patel has been appointed as the new Governor of the Central Bank. He will succeed Raghuram Rajan. Patel, the 24th RBI Governor, will serve a three-year term with effect from September 4. “The Appointments Committee of Cabinet has approved the appointment of Dr. Urjit R. Patel as Governor, Reserve Bank of India for a period of three years,” said the statement from […]

Rajan, known to have frank views on state of affairs in the Indian and global economy, said “a bunch of good things have happened” in India, but there were “still some things to do”. With India being often described as ‘the bright spot in the global economy’, Reserve Bank Governor Raghuram Rajan sees this as a case of ‘the one-eyed man’ being king in the land of the blind. Amid […]

When I was a 13 year old kid, I was busy worrying about my pocket money and my morning cartoons. You know, the important things in life. It’s safe to say that my list of life’s achievements at that point did not include stunning the RBI Governor with a brilliant and incredibly well informed question. When RBI Governor, Raghuram Rajan, was addressing a group of students in Mumbai, he probably […]