New RBI Governor Raghuram Rajan’s plans

Raghuram Rajan took over as 23rd Governor of Reserve Bank of India (RBI) on 4th September 2013. Rajan was acclaimed for predicting the 2008 global financial crisis. In 2005, he had delivered a lecture critical of the financial sector, arguing that a financial disaster might be looming. Rajan, who was an honorary economic advisor to the Prime Minister earlier, is an alumni of IIM-Ahmedabad and IIT-Delhi. He had replaced Kaushik Basu as Chief Economic Advisor in the Finance Ministry last year.