NS Vishwanathan re-appointed deputy governor of RBI for one year as appointments panel of Cabinet gives nod
Vishwanathan is one of the three deputy governors, besides B P Kanungo and M K Jain, working at the central bank.
In his autobiography 'Advice and Dissent: My Life in Public Service', former RBI Governor Y V Reddy said he had offered Rajan deputy governor's post in the apex bank.
Duly filled in applications should be submitted before 21 June and those applying for the post should not exceed 60 years of age as on 31 July 2017
Viral Acharya is also the C V Starr Professor of Economics in the Department of Finance at the New York University Stern School of Business
The central banks of Indonesia and South Korea have been hit by cyber attacks on their public websites since activist hacking group Anonymous pledged last month to target banks across the world, senior officials in the two countries told Reuters.
RBI Governor Raghuram Rajan, currently in the eye of the storm over his 'one-eyed is king among blind' remark, may be the most powerful person at the central bank, but he does not appear to be the top-paid one! As per the latest details published by the Reserve Bank of India (RBI) under the Right To Information Act, Rajan's total 'monthly emoluments' stood at Rs 1,98,700. This included a basic pay of Rs 90,000, Dearness Allowance of Rs 1,01,700 and 'others' of Rs 7,000.
Economist and public finance expert Urjit R Patel has replaced Subir Gokarn who left office on December 31 after a three-year term and a one-month extension.
Reserve Bank of India Deputy Governor KC Chakrabarty pointed out "infrastructure is not suffering due to lack of finance."
The RBI in its annual monetary policy statement had projected an economic growth of 7.5 percent in the current fiscal.
Moderating growth in India might help contain inflation, said Subir Gokarn, a deputy governor at the Reserve Bank of India.
Gokarn said a cut in the interest rates was the next logical step but would depend on other macro-economic factors.
Subir Gokarn also said the central bank would use open market operations to address liquidity conditions between policy reviews.
The RBI has bought back about Rs 71900 crore of government bonds from the secondary market since late November to reduce pressure on yields and ease a cash crunch.
Agricultural credit disbursals have generally been flawed, with as much as 30 percent of rural credit disbursed in non-farming seasons. That means the money does not go into improving farming techniques.