43891
RBI Chief to Step Down
World Economy

RBI Chief to Step Down

India’s central bank governor Raghuram Rajan, who has faced criticism from members of the ruling party for keeping interest rates too high, stunned officials on Saturday by announcing he would step down when his term ends on Sept. 4.
Rajan, who is on leave from the University of Chicago, was appointed as the governor of the Reserve Bank of India by the previous Congress government, where he had served as chief economic advisor to the finance minister for about a year before taking the helm of the central bank, Reuters reported.
A former chief economist at the IMF, Rajan has been popular with foreign investors for his efforts to tackle inflation, and won praise for helping rescue India from its worst currency crisis in more than two decades after taking the helm in September 2013. In a nearly 900-world letter to staff he said he planned to return to academia.

Short URL : http://goo.gl/5FDc7b
  1. http://goo.gl/RRv8Ri
  • http://goo.gl/1VDMkU
  • http://goo.gl/8T9RNT
  • http://goo.gl/gtS9hC
  • http://goo.gl/OxZIBU

You can also read ...

French Foreign Minister Jean-Yves Le Drian addresses CEDRE Conference in Paris on April 6, with Lebanese Prime Minister Saad Hariri on his right.
With the FIFA World Cup over and French victory secured,...
Dubai’s new business licenses in the second quarter of 2018 were down 26% from the same period in 2016.
In Dubai’s posh Jumeirah Beach residence district, luxury...
Handout picture shows IMF Managing Director Christine Lagarde on a screen as she speaks  during the G20 meeting taking place in Buenos Aires, on July 21.
The International Monetary Fund warned world economic leaders...
Germany Lifts Turkey Sanctions
Germany has lifted economic sanctions on Turkey and relaxed...
Farnborough Airshow Announces $192b in Orders
England’s Farnborough airshow this week saw deals worth $192...
Australia  Faces Massive Economic Crash
Australia is facing an economic shock akin the global...
IFC to Inject $2 Billion in Egypt’s Private Sector
International Finance Corporation, a member of the World Bank...
According to a survey, 75.3% are facing difficulties in running their businesses this year.
South Korea’s major business lobby said Sunday it will file an...

Trending

Googleplus