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9th August 2016 Current Affairs Questions and Answers

9th August 2016 Current Affairs MCQs, Quiz, Questions : Current Affairs for August 2016 ,  Daily Multiple Choice Questions (MCQs) for In...

Raghuram Rajan took over as RBI Governor on Wednesday.

Renowned economist Raghuram Rajan took over as RBI Governor on 4th September 2013 and plunge straight into a fire-fight situation as the country battles a rapid fall in rupee, high inflation, low growth and burgeoning current account deficit(CAD). 50-year-old Rajan, a former chief economist with the International Monetary Fund (IMF) who was economic advisor to the finance ministry, will takeover a difficult assignment from Duvvuri Subbarao on his completing five years in Mint Road. Rajan has already said that he has no magic wand to face the challenge before the country but would deal with them one at a time.
50-year-old Rajan, a former chief economist with the International Monetary Fund (IMF) who was economic advisor to the finance ministry, has taken over a difficult assignment from Duvvuri Subbarao on his completing five years in Mint Road. Rajan has already said that he has no magic wand to face the challenge before the country but would deal with them one at a time. The Government, which was at the receiving end of Subbarao's unrelenting focus on inflation control at the cost of low interest rates, would hope that the new incumbent would reverse some of those policies.