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Current Affairs

Viral Acharya Exit from RBI

Current context: Viral Acharya, former Deputy Governor of RBI ended his term six months before the scheduled end of his office.
Viral Acharya Exit from RBI
  • Acharya’s three-year term at the RBI was to end on 23rd January 2020.
  • He was a strong believer in the central bank’s autonomy and the health of lenders.
  • His October 2018 speech was to warn the government of consequences in playing with the central bank’s autonomy.
  • According to him, the government must adopt the recommendation of the 14th Finance Commission and the FRBM Review Committee (2016-17) to establish an independent “fiscal council” and fiscal deficit should be contained at 3 per cent of the GDP.
  • He will return to the Stern School of Business, New York University to carry on his research interest in financial risk and its genesis in government-induced distortions.


Q.1 Who has recently resigned from the post of the deputy governor of RBI?
a. BP Kanungo
b. Viral Acharya
c. N. S. Vishwanathan
d. Mahesh Kumar Jain
Viral Acharya Exit from RBI Viral Acharya Exit from RBI Reviewed by Neha Verma on July 24, 2019 Rating: 5

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