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Viral Acharya Exit from RBI

Published on July 24, 2019
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.

Question: 

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
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