external members of RBI'S monetary policy committee appointed
Published On: Tuesday, October 6, 2020 | By: Team KnowMyStock
The government has appointed Jayanth Varma who is a professor in the Indian Institute of Management, Ahmedabad, Ashima Goyal, member of the Economic Advisory Council of Prime Minister, and Shashanka Bhide, senior advisor at National Council for Applied Economic Research as external members of the Reserve Bank of India's monetary policy committee. 1. Jayanth Varma is a known expert in financial markets. He is currently a professor at the Indian Institute of Management (IIM), Ahmedabad, and teaches courses in the capital market, fixed income, alternative investment, and corporate finance. He has been the dean of IIM for three years. Prior to this, he was a full-time member of the market regulator Securities Exchange Board of India for a year. This is after completing his three years stint at Sebi as a part-time member. Prof. Varma, who is also a qualified cost accountant awarded a gold medal for scholastic performance from the IIM.
2. Ashima Goyal is an old hand in monetary policy formulations. Her appointment as an external member in the monetary policy committee (MPC) came as no surprise to economists, and was well anticipated.She is one of the handful of independent economists in India who have deep knowledge and original contribution in the field of macro-economy and monetary policy research.
3. Shashanka Bhide has a rich research experience in a number of areas such as agriculture, macroeconomic modelling, infrastructure and poverty analysis.He is currently a senior advisor at National Council for Applied Economic Research (NCAER), a non-profit think tank of economics. He also serves as a member of the Board of Governors of the Institute for Social and Economic Change in Bangalore.
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