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Former Reserve Bank of India (RBI) governor D Subbarao on Thursday termed demonetisation as "creative destruction and the most disruptive policy innovation since 1991 reforms" that has helped destroy blackmoney. According to reports, Acharya had put in his papers just a few weeks before the last meeting of RBI's monetary policy committee (MPC). Photo: Abhijit Bhatlekar/Mint Sizing up the post-1991 RBI governors 1 min read. “RBI Twitter account reaches 1 million followers today. His decisive actions helped India tide over the crisis. A new milestone. NEW DELHI: Former RBI deputy governor Rakesh Mohan said on Thursday that economic problem in India is not as bad as it was in 1991 when the country faced severe economic crisis on the external front. (7 years. Even as the deficits on fiscal and current account fronts have been building up, it is highly unlikely that the … RBI issued guidelines to banks for the issuance of debit cards and smart cards to ease pressure on physical cash. He served as a Deputy Governor of the Reserve Bank of India from 1982 to 1991, after which he served as the Governor of the Reserve Bank of India between 22 December 1992 and 21 December 1997. "On November 8, the Prime Minister (Narendra Modi) and the Reserve Bank have demonetised 86% of currency in circulation overnight, which is what is arguably the most disruptive … He was chairperson of the Committee on the Financial System, 1991 and the Committee of Banking Sector Reforms, 1998. 1991-like state highly improbable: RBI Governor. January 15, 1985, to February 4, 1985) The salary of an RBI governor is INR 2.5 lakhs (per month) Dr. At the time of his appointment as RBI Governor, India was in the midst of a balance of payments crisis, with fast-depleting foreign exchange reserves. Governor of Reserve Bank. 1999 Foreign Exchange Management Act, 1999 replaces FERA, 1973 with the objective of 'facilitating external trade and payments' and 'promoting the orderly development and maintenance of foreign exchange market in India'. I G Patel 01-12-1977 to 15-09-1982 ... Government of Andhra Pradesh and had a a six year tenure as Deputy Governor of the Reserve Bank of India. Current RBI Governor: Shaktikanta Das; Currently there are 3 Deputy RBI governors; RBI governor with the longest term is Benegal Rama Rao. Speaking at an event organised by Ananla Aspen Centre, Mohan said increasing tax rate is not a … [citation needed] He served as the Governor of Andhra Pradesh from 24 November 1997 to 3 January 2003. 1st July 1949 to 14th January 1957) RBI governor with the shortest term is Amitabh Ghosh (20 days. The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved … Viral Acharya, who was appointed as the RBI deputy governor on January 23, 2017 for a three-year term, had in October 2018 raised concern over the importance of RBI's independence. Congratulations to all my colleagues in RBI,” Governor Shaktikanta Das Tweeted. India’s current economic scenario not like 1991 crisis: Bimal Jalan ... says former RBI Governor Bimal Jalan. Venkitaramanan served as Governor of the Reserve Bank of India from 22 December 1990 to 21 December 1992. April 14, 2015 Dear All Welcome to the refurbished site of the Reserve Bank of India. Updated: 05 Sep 2016, 01:39 AM IST HowIndiaLives. Ist HowIndiaLives 14th January 1957 ) RBI Governor with the shortest term is Amitabh Ghosh ( 20.! 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