Church Gate Railway Station in Mumbai now renamed as Chintamanrao Deshmukh station

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