LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

India at exciting but challenging time: RBI Deputy Governor Acharya

Acharya will be in charge of monetary policy, foreign exchange and market operations, as well as research and statistics.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
India at exciting but challenging time: RBI Deputy Governor Acharya
Appointed for a term of three years, Acharya would take charge on January 20. Photo: YouTube
Written By: PTI
Updated: Tue, Jan 10, 2017
01:08 pm
New York, PTI
RELATED NEWS
Viral Acharya's resignation: RBI union moots collegium of experts to select governors, deputy governors Viral Acharya's resignation: RBI union moots collegium of experts to select governors, deputy governors
Why RBI deputy governor Viral Acharya resigned: Here's official RBI response Why RBI deputy governor Viral Acharya resigned: Here's official RBI response
RBI deputy governor Viral Acharya resigns, may return to the US: Sources RBI deputy governor Viral Acharya resigns, may return to the US: Sources
Urjit Patel quits in shock move! Viral Acharya next? Urjit Patel quits in shock move! Viral Acharya next?
RBI vs Centre: Urjit Patel in spotlight, markets on watch RBI vs Centre: Urjit Patel in spotlight, markets on watch

India, one of the world's fastest growing economies, is at an "exciting but challenging time" and has massive potential to become an "economic powerhouse", RBI's newly-appointed Deputy Governor and noted economist Viral Acharya has said.

Acharya, 42, said he was "thrilled" to have the opportunity to help advance India's economy by contributing to policies at the Reserve Bank of India (RBI) that can ensure the country's stable growth.

Appointed for a term of three years, Acharya would take charge on January 20. He would look after the Monetary Policy and Research cluster and would fill the post that became vacant after Urjit Patel was made RBI Governor.

The CV Starr Professor of Economics at the Department of Finance of New York University's Stern School of Business, Acharya said India is at an "exciting but challenging time" and as one of the world's fastest growing economies, it has the massive potential to become an "economic powerhouse".

"I am thrilled to have the opportunity to help advance India's economy by contributing to policies at the RBI that can ensure the country's stable growth and are at the same time globally responsible," Acharya said in a statement issued by NYU Stern here yesterday.

Acharya, also the Director of the NSE-NYU Stern Initiative on the Study of Indian Capital Markets, has received numerous awards and recognition for his research including the recent Alexandre Lamfalussy Senior Research Fellowship of the Bank for International Settlements (BIS) for 2017 and the inaugural Banque de France and Toulouse School of Economics Junior Prize in Monetary Economics and Finance in 2011.

Acharya's primary research interests are in the regulation of banks and financial institutions, measurement of systemic risk and understanding the nexus between sovereign and financial sector credit risks.

Peter Henry, Dean of NYU Stern which is one of the US' premier management education schools and research centers, described Acharya as an "outstanding and prolific scholar", who will "undoubtedly bring breadth, depth and real-world insight to this prestigious policy post in such an important emerging market in the global economy".

In his new role, Acharya will be in charge of monetary policy, foreign exchange and market operations, as well as research and statistics.

Like former RBI governor Raghuram Rajan, Acharya comes from an academic background and has also co-authored at least three papers with him.

Acharya has often praised Rajan for his work and once said "Raghu has been a great source of inspiration for me".

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Viral AcharyaReserve Bank of IndiaRBI bi-monthly policyRBI Monetary policyEconomyDemonetisation
RELATED NEWS
Viral Acharya's resignation: RBI union moots collegium of experts to select governors, deputy governors Viral Acharya's resignation: RBI union moots collegium of experts to select governors, deputy governors
Why RBI deputy governor Viral Acharya resigned: Here's official RBI response Why RBI deputy governor Viral Acharya resigned: Here's official RBI response
RBI deputy governor Viral Acharya resigns, may return to the US: Sources RBI deputy governor Viral Acharya resigns, may return to the US: Sources
Urjit Patel quits in shock move! Viral Acharya next? Urjit Patel quits in shock move! Viral Acharya next?
RBI vs Centre: Urjit Patel in spotlight, markets on watch RBI vs Centre: Urjit Patel in spotlight, markets on watch

LATEST NEWS

HDFC Securities pegs 14800 target on Nifty, Immediate support is at 14520

Gold Price Today 15-04-2021 at Rs 49,000; great money-making strategy revealed

SBI BIG alert for UBI, OBC account holders! Do THIS now to avoid payment failures

Anil Singhvi decodes key levels of FIIs are Buying and Selling; EXPLAINED

Taarak Mehta Ka Ooltah Chashmah fee per episode: Dilip Joshi, Munmun Dutta, Shailesh Lodha, Mandar Chandwadkar, Amit Bhatt—how much they earn

Delhi curfew e-pass update: Apply for wedding e-pass on delhi.gov.in website, timings and more

LIC wage revision: Employees to get over 25% wage hike, five day week and other benefits - All details here

STRONG DEMAND for Bajaj Auto’s Chetak Electric Scooter, Bookings Open And Close In 48 Hours

Ravichandran Ashwin roped in as Beetel brand ambassador

Oppo A74 5G set to launch under Rs 20K on THIS date - Check specifications, features and more

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved