“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

More tests, more oxygen: PM spells out focus

The expansion of the testing and treatment network and more availability of oxygen top the government’s priorities in combating the spread of Covid-19, prime minister Narendra Modi indicated on Tuesday. The PM chaired a video conference with the chief ministers of all states and UTs o

Now, mandatory Covid test to enter Maharashtra

From Wednesday, all passengers travelling to Maharashtra from the NCR of Delhi, Rajasthan, Gujarat and Goa – the four states with high numbers of Covid-19 infection in recent days – will have to compulsorily provide RT_PCR tests before boarding flights and trains.    

India’s active caseload remains below 5%, recovery rate remains above 93%

India’s present active caseload (4,43,486) is 4.85% of the total positive cases, and has been sustained below the 5% mark, the health ministry said in a bulletin Monday. The Recovery Rate continues to be above 93% as 93.68% of all cases have recovered as of date. In the 24 hours to Mon

Covid-19 too will be history one day: Dr. Harsh Vardhan

Covid-19 will soon be a “past episode”, Dr. Harsh Vardhan, minister for health and family welfare, has said, hoping that “vaccines available very soon, and the cases will significantly go down in the next few months”. “It is not the first one and definitely not

India’s reforms could support medium-term growth

The revival of the government’s reform agenda in response to the coronavirus pandemic shock has the potential to raise India’s medium-term growth rate, Fitch Ratings has said in a new analysis, while also taking note of downside pressures to growth and adding that it will take time to assess wh

Govt working towards resolving MSME issues through banking reforms: Patra

Acknowledging that much needs to be done in the banking sector, BJP national spokesperson Sambit Patra has said that the government was working on the nitty-gritties. “As far as the Indian banking system is concerned, a lot is still to be done and rest assured work is under progress. T



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter