“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

A 19th-century pilgrim’s progress

The Travels of a Sadhu in the Himalayas By Jaladhar Sen (Translated by Somdatta Mandal) Speaking Tiger Books, 259 pages, ₹499.00  

India faces critical shortage of skin donors amid rising burn cases

India reports nearly 70 lakh burn injury cases every year, resulting in approximately 1.4 lakh deaths annually. Experts estimate that up to 50% of these lives could be saved with adequate access to skin donations.   A significant concern is that around 70% of burn victims fall wi

Not just politics, let`s discuss policies too

Why public policy matters Most days, India`s loudest debates stop at the ballot box. We can name every major leader and recall every campaign slogan. Still, far fewer of us can explain why a widow`s pension is delayed or how a government school`s budget is actually approved. That

When algorithms decide and children die

The images have not left me, of dead and wounded children being carried in the arms of the medics and relatives to the ambulances and hospitals. On February 28, at the start of Operation Epic Fury, cruise missiles struck the Shajareh Tayyebeh school – officially named a girls’ school, in Minab,

The economics of representation: Why women in power matter

India’s democracy has grown in scale, but not quite in balance. Women today are active participants in elections, influencing outcomes in ways that were not as visible earlier. Yet their presence in legislative institutions continues to lag behind. The Nari Shakti Vandan Adhiniyam was meant to addres

India will be powerful, not aggressive: Bhaiyyaji

India is poised to emerge as a global power but will remain rooted in its civilisational ethos of non-aggression and harmony, former RSS General Secretary Suresh `Bhaiyyaji` Joshi has said.   He was speaking at the launch of “Rashtrabhav,” a book by Ravindra Sathe


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter