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Deputy Governor of RBI, Viral Acharya resigns

Deputy Governor of RBI, Viral Acharya resigns

Viral Acharya, the youngest deputy governor of the Reserve Bank of India (RBI) has resigned. Viral Acharya resigned six months ago from his scheduled term. Acharya was appointed for three years.

Viral Acharya was included into the RBI on January 23, 2017 for a three-year term. His three-year term was to be completed in January, 2020. Let us tell you that before this, RBI Governor Urjit Patel had resigned from his post in December 2018 due to some personal reasons.

Professor Virach Acharya of Economics, New York University, is known for his analysis and research in the systemic risk areas in the financial sector.

Viral Acharya had a different opinion on both the issues of economic development and inflation during the Monetary Policy Review from the last two occasions. Recently, disagreement over the issue of financial losses and its exact assessment was seen between the RBI Governor Shaktikant Das and the Governor Viral Acharya in the Monetary Policy Meeting

In the first tenure of the Modi government, according to Indian economy, Urjit Patel's resignation was the third major resignation. Earlier, Arvind Subramanyam had resigned from the post of Chief Economic Advisor in July 2018 for personal reasons. At the same time, Arvind Pangariya, who was the Deputy Chairman of the Policy Commission in August 2017, left the post.

Viral Acharya

  • Viral AcharyaIndian economist who was born on 1 March 1974 has been appointed as Deputy Governor of Reserve Bank of India, on January 23, 2017 for terms of three years
  • Prior to joining RBI, Viral Acharya was associated with academic field.
  • He is a professor of economics at New York University.
  • Viral Acharya was a student of IIT Bombay.
  • Viral is graduated in Computer Science and Engineering in 1995 and PhD in Finance in 2001 from New York University.
  • Acharya stayed in the London Business School from 2001 to 2008.

Reserve Bank of India

  • Reserve Bank of India(RBI) is the central bank of India which has a control over the release and supply of Indian Currency.
  • Reserve Bank of India was constituted by British Government on 1 April 1935.
  • It also controlled Monetary Policy of India till 2016,  After that Monetary  Policy Committee was formed.
  • It’s headquarter is located in Mumbai.
Q.1 Which RBI Deputy Governor resigned in June 2019, before his scheduled term?
A. N S Vishwanathan
B. Mahesh Kumar Jain
C. Viral Acharya
D. S S Mundra
Answer...
Ans: Viral Acharya

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