Current Context: The Churchgate railway station in Mumbai will soon be renamed after CD Deshmukh (Chintaman Dwarakanath Deshmukh), who was the first Indian governor of the Reserve Bank of India (RBI) and a former union finance minister. The station will be called 'Chintamanrao Deshmukh station.
- CD Deshmukh was a prominent economist and civil servant who played a key role in India’s economic planning and development after independence.
- He was also instrumental in setting up institutions like State Bank of India (SBI) and Life Insurance Corporation of India (LIC).
- The decision to rename Churchgate station was made on February 24, 2023.
- The proposal was passed in the first national executive meeting of a Shiv Sena faction led by Eknath Shinde.
- Renaming Churchgate station after Chintamanrao Deshmukh is a step towards honouring India’s heroes and acknowledging their contributions to the nation.
- The decision was taken by a Shiv Sena-led faction to pay tribute to Deshmukh’s immense contribution to India’s financial sector and his role in shaping the country’s economic policies.
Question:
Q.1 What was CD Deshmukh’s role in the Reserve Bank of India?a. Founder
b. First Indian Governor
c. First Deputy Governor
d. First Chief Economist
b. First Indian Governor
c. First Deputy Governor
d. First Chief Economist
