Government has appointed PMEAC Member Ashima Goyal, Shashanka Bhide, Senior Advisor, National Council for Applied Economic Research and Jayanth Verma, Professor, Indian Institute of Management, Ahmedabad to the Reserve Bank of India's (RBI) panel that sets interest rates.
RBI's MPC meeting last week was postponed as external members of the MPC weren't appointed yet. On September 28, the Reserve Bank of India (RBI) notified that the upcoming meeting of the MPC, scheduled to start from September 29, has been postponed.
The three have replaced Pami Dua, Chetan Ghate, and Ravindra Dholakia.
Jayanth R. Varma
Varma is professor, Indian Institute of Management, Ahmedabad. He teaches courses in capital markets, fixed income, alternative investments, risk management and corporate finance. He has been the Dean of the Indian Institute of Management, Ahmedabad for three years.