Business Current Affairs August 2013 - Raghuram Rajan

Raghuram Rajan appointed as 23rd RBI governor

Raghuram Govind Rajan, India's chief economic advisor to the Ministry of Finance, will take up the mantle of governorship in the RBI from 2013 September 5. The current incumbent, D Subbarao will demit his office on 2013 September 4. Raghuram Govind Rajan is going to be the 23rd governor of India's the central bank since May 19, 1975 when N C Sengupata had assumed the responsibility. Dr Raghuram Govind Rajan has worked extensively in the field of economics across the world.
He is an Indian economist who served as Eric J. Gleacher Distinguished Service Professor of Finance at the Booth School of Business at the University of Chicago. He is also a visiting professor for the Swedish Parliamentary Commission, World Bank and Federal Reserve Board. He is assuming the post at a time when Indian economy is going through a rough weather.

According to the first quarter (April-June) monetary policy, RBI is facing the "impossible trinity" or trilemma of controlling foreign exchange rate, the rate of inflation and the monetary policy stance. The job for Raghuram Govind Rajan is going to be an uphill task.

This post contains the Indian Business current affairs of August 2013. These are short Business current affairs 2013 notes for quick review.
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