Why did RBI Governor Raghuram Rajan resign?

Why did RBI Governor Raghuram Rajan resign?

Rajan, who was Governor of the Reserve Bank of India (RBI) from September 5, 2013 to September 2016, said during his term a clean up of the banking sector that was “clogging” with bad loans had begun and the job remains unfinished. He said the country needs a new generation of reforms to accelerate economic growth.

Is Raghuram Rajan an Indian citizen?

Personal life. Raghuram Rajan is an Indian citizen and holds a USA Green Card.

Are governors IAS officers?

However, the rank is present only in the union territories of Andaman and Nicobar Islands, Ladakh, Jammu and Kashmir, Delhi and Puducherry (the other territories have an administrator appointed, who is usually an IAS officer or IPS officer or a retired judge of a court ).

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Who is Reserve Bank Governor?

Shri Shaktikanta Das
Shri Shaktikanta Das, IAS Retd., former Secretary, Department of Revenue and Department of Economic Affairs, Ministry of Finance, Government of India assumed charge as the 25th Governor of the Reserve Bank of India effective December 12, 2018.

Who can become citizens of India by birth?

8-003a. A person born in India on or after 26th January 1950 but before 1st July, 1987 is citizen of India by birth irrespective of the nationality of his parents. considered citizen of India by birth if either of his parents is a citizen of India at the time of his birth.

Why did RBI Governor Sanjay Sinha resign?

Well according to media sources, the reason for his resignation was his will to return academia. It was clear between RBI and PM, given the higher growth rate, that PM wanted to proceed for demonetization for so called reasons to curb black money and parallel economy.

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Why did Rishi Rajan believe in demonetization?

But Dr. Rajan believed in the taxation reforms to stop future generation of black money. Less known reason behind demonetization has been rising NPAs of banks. Dr. Rajan was very firm and always asked banks to publicize the bad loans. Government and banks didn’t took it seriously for many re

Was the die really cast on Rajan’s policies?

The die was cast when Subramanian Swamy, a Rajya Sabha member from the Bharatiya Janata Party (BJP), wasn’t reined in when he went as far as calling Rajan’s policies “anti-national in intent”.