Raghuram Rajan takes over as RBI Governor

Rajan took over the charge as the 23rd Governor of Reserve Bank of India on 4th September as a successor of outgoing Governor of RBI, Dr. Subbarao. Manmohan Singh, the Prime Minister of India on 4 August 2013 approved the appointment of Raghuram Rajan (50) as the new Governor of Reserve Bank of India for next three years. Raghuram Govind Rajan was born on 3rd February 1963. He has served as the Chief Economist at the International Monetary Fund. He is the second-youngest person to become the Governor of the RBI. He is credited as a person, who predicted the economic crisis of 2008. He is an alumnus of IIT-Delhi and IIM-Ahmedabad. He received his Doctorate degree from the Massachusetts Institute of Technology (MIT)