Nifty99000 100%

Sensex99000 100%

Article rating: 4.8
Article rating: 3.7
Article rating: 4.2
Article rating: No rating
Article rating: 5.0
Article rating: No rating
Article rating: 4.0
Article rating: 3.0
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 3.0
Article rating: 4.5
Article rating: 5.0
RSS

News

18 wise men on the job

Author: PTI/Wednesday, November 14, 2018/Categories: Regulatory

18 wise men on the job

Mumbai - As an unprecedented fight plays out between the RBI and the government, it is the central bank’s 18 board members who are being keenly watched for their next course of action — they are not only central bankers and government officials but also business leaders, economists and activists.

As per the RBI website, its central board currently has 18 members, though the provision is that it can go up to 21.

The members include governor Urjit Patel and his four deputies as ‘full-time official directors’, while the rest 13 have been nominated by the government, including two finance ministry officials — economic affairs secretary Subhash Chandra Garg and financial services secretary Rajiv Kumar.

There are also Swadeshi ideologue Swaminathan Gurumurthy and cooperative banker Satish Marathe, nominated by the government as “part-time non-official directors”.

The government can nominate 10 ‘non-official’ directors from various fields and two government officials. The four non-official directors are one each from the four regional boards of the RBI.

Besides Patel, the four official directors are N.S. Vishwanathan and Viral Acharya, both of whom have gone public with their direct or indirect criticism of any attempt to undermine the RBI’s autonomy, as also B.P. Kanungo and M.K. Jain.

The business leaders on the RBI board include Tata group chief Natarajan Chandrasekaran, former Mahindra group veteran Bharat Narotam Doshi, Teamlease Services co-founder Manish Sabharwal and Sun Pharma chief Dilip Shanghvi.

The other members are Sudhir Mankad (retired IAS officer whose last assignment was as Gujarat government's chief secretary), Ashok Gulati (agricultural economist), Prasanna Mohanty (ex-IAS officer and economist), Sachin Chaturvedi of Delhi-based think-tank Research and Information System for Developing Countries (RIS) and Revathy Iyer (a former Deputy Comptroller and Auditor General).

Print Rate this article:
No rating

Number of views (386)/Comments (0)

rajyashree guha

PTI

Other posts by PTI
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free