R Gandhi, the senior most Deputy Governor in the Reserve Bank , was given the charge of monetary policy department, counting forecasting and modeling crew, which was earlier under new Governor Urjit Patel.
The Reserve Bank “revised the cases” of its Deputy Governor, on a day of handover of governorship from Raghuram Rajan to Patel. Government is still to appoint a Deputy Governor in position of Patel, who has been elevated as the Governor.
Simultaneously, in a low-key affair, Patel under way his innings as RBI’s new Governor with a private off-media ‘handover’ ceremony today — a marked removal from his predecessor Raghuram Rajan announcing big-bang reforms on his first day itself three years ago.
Dr Patel, as he is commonly assigned to as, has worked closely with several central and state government high-level committees.
These combine the Task Force on Direct Taxes, the High Level Specialist Group for Reviewing the Civil & Defence Services Pension System, the P M’s Task Force at Infrastructure, the Group of Ministers on Telecom Matters, the Committee on Civil Aviation Reforms & the Ministry of Power’s Specialist Group on State Electricity Boards.