• Rajasthan

    Cong 99
    BJP 73
    RLM 3
    OTH 24
  • Madhya Pradesh

    Cong 113
    BJP 110
    BSP 2
    OTH 5
  • Chhattisgarh

    Cong 68
    BJP 15
    JCC 7
    OTH 0
  • Telangana

    TRS-AIMIM 95
    TDP-Cong 21
    BJP 1
    OTH 2
  • Mizoram

    MNF 26
    Cong 5
    BJP 1
    OTH 8

* Total Tally Reflects Leads + Wins

Arvind Panagariya could be named next RBI chief by PM Narendra Modi: Report

By: | Updated: July 11, 2016 7:24 PM

A formal announcement of the decision was expected in next 48 hours, said the sources. PMO declined to comment, but said a decision on the new RBI governor would be made before July 18. Panagariya is also India's Group of 20 summit negotiator.

arvind panagariyaPrior to being appointed as the Vice Chairman of Niti Aayog, Arvind Panagariya was a Professor of Economics and the Jagdish Bhagwati Professor of Indian Political Economy in the School of International and Public Affairs at Columbia University. (Express photo)

Arvind Panagariya, NITI Aayog vice chairman, could be appointed by Prime Minister Modi as the next Reserve Bank of India (RBI) chief, two television channels CNBC Awaaz and ABP News reported on Monday. The channels cited government sources who did not want to be named.

A formal announcement of the decision was expected in next 48 hours, said the sources. PMO declined to comment, but said a decision on the new RBI governor would be made before July 18. Panagariya is also India’s Group of 20 summit negotiator.

Prior to being appointed as the Vice Chairman of Niti Aayog, Arvind Panagariya was a Professor of Economics and the Jagdish Bhagwati Professor of Indian Political Economy in the School of International and Public Affairs at Columbia University.

Panagariya holds a Ph.D. from Princeton University. In the past, he has been the Chief Economist of the Asian Development Bank. Professor Panagariya has authored more than a fifteen books.

Professor Panagariya’s scientific papers have appeared in the top economics journals such as the American Economic Review and the Quarterly Journal of Economics while his policy papers have appeared in Foreign Affairs and Foreign Policy.

He was recently honoured with the Padma Bhushan by the President of India.

Speaking to The Indian Express, Panagariya said the present government should be assessed not on what it inherited, but what it did over the last two years. He added that two years were too little to assess the outcome of economic reforms.

Also read: Linking Aadhaar to Jan-Dhan accounts a master stroke: Arvind Panagariya

Outgoing RBI chief Raghuram Rajan’s term ends in early September. Last month, Rajan shocked markets by announcing he would not seek reappointment.

All RBI Governors in past 23 years have got second term – from Dr C Rangarajan (1992-97), Bimal Jalan (1997-03), YV Reddy (2003-08) to D Subbarao (2003-08). Rajan will break that chain.

(With inputs from Agencies)

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition