“India is at an exciting but challenging time”

Reserve Bank of India’s new deputy governor Viral Acharya said India has the massive potential to become an economic powerhouse

GN Bureau | January 20, 2017


#debuty governor   #Viral Acharya   #Reserve Bank of India   #RBI  
Viral Acharya
Viral Acharya

“India is at an exciting but challenging time,” said Viral Acharya who takes over as RBI’s deputy governor on Friday.

“As one of the world’s fastest growing economies, India has the massive potential to become an economic powerhouse,” said Acharya, the C.V. Starr Professor of Economics at the Department of Finance of NYU Stern.
 
In a statement on NYU Stern, Acharya said that he was thrilled to have the “opportunity to help advance India’s economy by contributing to policies at the RBI that can ensure the country’s stable growth and are at the same time globally responsible”.
 
Peter Henry, dean of NYU Stern, said: “We are extremely proud of our colleague Viral Acharya who has been named deputy governor of the RBI,” said “An outstanding and prolific scholar, Viral will undoubtedly bring breadth, depth and real-world insight to this prestigious policy post in such an important emerging market in the global economy.”
 
In his new role, professor Acharya will be in charge of monetary policy, foreign exchange and market operations, as well as research and statistics.
 
Acharya’s primary research interests are in the regulation of banks and financial institutions, measurement of systemic risk, and understanding the nexus between sovereign and financial sector credit risks.
 

Comments

 

Other News

India to play leading role in global revival: Modi

India would play a leading role in the global revival, prime minister Narendra Modi said on Thursday, as he addressed the inaugural session of India Global week via video-conference. He said that this is closely linked with two factors. “First is - Indian talent and second is India`s

BMC spells out numbers to counter Fadnavis’ claims

The BrihanMumbai municipal corporation (BMC) has countered Maharashtra leader of opposition Devendra Fadanvis’s suspicions of fewer Covid-19 tests, as it outlined various measures it has adopted since the first test conducted on February 3, and how it has gradually brought down the number of cases in

Mumbai opts for “most liberal Covid-19 testing” in the world

As part of the four T strategy of trace-test-track-treat, Mumbai – the most affected city in India – has decided to make Covid-19 tests accessible to all. The municipal corporation of Greater Mumbai (MCGM) has come out with guidelines allowing all laboratories to conduct RT-PCR (

Exit the Dragon, Enter the Tiger

In a major development on July 6, the Chinese army started moving back its tents, vehicles as well as troops from locations where disengagement was agreed upon in eastern Ladakh’s Galwan Valley. This is a significant milestone in regional geopolitics with India having been successful in isolating the

Hiranandani Group launches ambitious data centre project

With the Covid-19 pandemic pushing more online activity and the capacity usage of data centres going up, India’s largest data centre (DC) building and the biggest tier-IV data centre, Yotta NM1,the  second largest in the world, has been launched in Mumbai. The launch event on Tue

Covid-19: India crosses 1 crore tests milestone

India has achieved a significant milestone as the number of Covid-19 tests conducted in the country so far has crossed the 1 crore milestone. This signifies the importance accorded to widespread testing and the focussed ‘Test, Trace, Treat’ strategy with several follow-up measures taken in tand



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter