The present RBI governor, Raghuram Rajanwill be bowing out of his office in September. And after all the mess that has been talked about him in the media by pro-Indian economists, he has already made it clear that there is no return for him for sure. At least not as public office bearer. The government has already started looking for a formidable candidate to replace him, but it seems to be a big shoe to fit anybody in.
According to the reports floating in the Hindi news online segment, there are at least five probable candidates likely to be considered for the coveted governor position. Let us find out about them.
1. Urjit Patel
A young economist with a flawless track record in Indian scenario, Urjit Patel is the current Deputy Governor of the Reserve Bank of India. If there is anyone who has closely worked with Rajan on the fiscal policies, it is Urjit. His current portfolio involves planning and implementation of Monetary Policy, Statistics and IT Management, Deposit Insurance and RTI. An alumni of Oxford and Yale Universities, Patel had served as a Finance Consultant to the Government of India between 1999 and 2001.
So in short, Urjit has already worked with the present government, and more or less finds himself in a comfortable race, considering his professional experience.
2. Rakesh Mohan
Like Patel, Rakesh Mohan too has strong RBI experience as he was a Deputy Governor himself. As an Executive Director to IMF, he made significant amendments to the urban economic policies across SAARC, APAC and Africa. He has a strong involvement in the Indian Institute for Human Settlements, of which he was one of the founding members, along with Nandan Nilekani, Shirish Patel and Keshub Mahindra.
3. Rama Subramaniam Gandhi
The RBI veteran has been with the central banking institution since 1980. He is currently serving as the Deputy Governor of RBI. His immaculate economic expertise makes him the best candidate to replace Rajan, considering his current portfolio where he handles challenging segments of banking operations, NBFCs and risk monitoring.
He has already served as the Executive Director of Institute for Development & Research in Banking Technology (IDRBT) that was established by the RBI in 1996.
4. Arundhati Bhattacharya
An Indian banker par excellence, Arundhati is the current Chair-Managing Director of India’s No.1 bank- The State Bank of India. Listed as one of the Top 25 Most Powerful Women in the World 2016 by Forbes, she has a resounding career to back her candidature.
A humble background with moderate earnings, Bhattacharya has served in SBI since 1977, joining it at the age of 22 years!
5. Kaushik Basu
Senior VP and Chief Economist of the World Bank, Kaushik Basu has the most distinguished career as an economist. His tenure as the Chief Economic Advisor to the GoIbtill July 2012. A formidable academician, he set up the Centre for Development Economics at the Delhi School of Economics in 1992.
Fun fact: According to Live Hindi News, Kaushik Basu is the founder of Arthapedia (ArthaShahstra Online) and the two-player version of Sudoku, called Dui-doku!
According to the reports floating in the Hindi news online segment, there are at least five probable candidates likely to be considered for the coveted governor position. Let us find out about them.
1. Urjit Patel
A young economist with a flawless track record in Indian scenario, Urjit Patel is the current Deputy Governor of the Reserve Bank of India. If there is anyone who has closely worked with Rajan on the fiscal policies, it is Urjit. His current portfolio involves planning and implementation of Monetary Policy, Statistics and IT Management, Deposit Insurance and RTI. An alumni of Oxford and Yale Universities, Patel had served as a Finance Consultant to the Government of India between 1999 and 2001.
So in short, Urjit has already worked with the present government, and more or less finds himself in a comfortable race, considering his professional experience.
2. Rakesh Mohan
Like Patel, Rakesh Mohan too has strong RBI experience as he was a Deputy Governor himself. As an Executive Director to IMF, he made significant amendments to the urban economic policies across SAARC, APAC and Africa. He has a strong involvement in the Indian Institute for Human Settlements, of which he was one of the founding members, along with Nandan Nilekani, Shirish Patel and Keshub Mahindra.
3. Rama Subramaniam Gandhi
The RBI veteran has been with the central banking institution since 1980. He is currently serving as the Deputy Governor of RBI. His immaculate economic expertise makes him the best candidate to replace Rajan, considering his current portfolio where he handles challenging segments of banking operations, NBFCs and risk monitoring.
He has already served as the Executive Director of Institute for Development & Research in Banking Technology (IDRBT) that was established by the RBI in 1996.
4. Arundhati Bhattacharya
An Indian banker par excellence, Arundhati is the current Chair-Managing Director of India’s No.1 bank- The State Bank of India. Listed as one of the Top 25 Most Powerful Women in the World 2016 by Forbes, she has a resounding career to back her candidature.
A humble background with moderate earnings, Bhattacharya has served in SBI since 1977, joining it at the age of 22 years!
5. Kaushik Basu
Senior VP and Chief Economist of the World Bank, Kaushik Basu has the most distinguished career as an economist. His tenure as the Chief Economic Advisor to the GoIbtill July 2012. A formidable academician, he set up the Centre for Development Economics at the Delhi School of Economics in 1992.
Fun fact: According to Live Hindi News, Kaushik Basu is the founder of Arthapedia (ArthaShahstra Online) and the two-player version of Sudoku, called Dui-doku!
No comments:
Post a Comment