Govt grants one-year extension to RBI Deputy Governor Rajeshwar Rao
The Hindu
RBI Deputy Governor M. Rajeshwar Rao's term extended by government for one year, effective October 9, 2024.
The government has extended the term of RBI Deputy Governor M. Rajeshwar Rao for a period of one year, according to sources.
The Appointments Committee of the Cabinet (ACC) has approved the re-appointment of Mr. Rao for a period of one year with effect from October 9, 2024 or until further orders, sources said quoting a government order dated October 4.
The ACC is headed by Prime Minister Narendra Modi.
Mr. Rao was appointed as RBI Deputy Governor in October 2020 for a period of three years.
Mr. Rao was elevated as RBI executive director in November 2016.
An economics graduate and a Master of Business Administration from the University of Cochin, Mr. Rao joined the central bank in 1984.
As a career central banker, he has exposure to various aspects of the RBI's functioning. He has previously held the charge of the Risk Monitoring Department.
Premiumisation is driving the growth in beauty and personal care industry in India and this segment is growing faster than the products made for the masses, industry executives said at Cosmoprof India 2025, a beauty & personal care industry event currently underway in Mumbai.
Scaling Artificial Intelligence(AI) at the speed at which consultants project is not possible by the laws of physics and may not be environmentally sustainable, said Tanvir Khan, who is the Executive Vice President and Chief Operating Officer of NTT DATA North America, part of the Japanese technology services and data centre company NTT Data, in an interview with The Hindu.
The Rupee appreciated by 19 paise to close at 89.96 against the U.S. dollar amid weak dollar index support.
India aims to expand its tea exports to China, highlighting diverse varieties like Darjeeling and Masala at a recent buyer-seller meet.
Stock markets rebound after four days of decline as Sensex rises 158 points, driven by tech and IT shares.
India reduces Russian oil imports by 38% in October 2025, marking the sharpest decline in value and volume yet.
Suzlon announces three new AI-enabled smart blade factories, expanding its manufacturing footprint to 20 facilities in India.
Odisha Government terminates Silicon Tech Lab's empanelment for involvement in a recruitment scam and service agreement violations.
Worli, Mumbai, dominates India’s ultra-luxury apartment market, accounting for 40% of transactions worth ₹5,500 crore in two years.
IndiGo faces disruptions due to a hiring freeze, prompting pilots' body to urge regulatory intervention for safe operations.
Nvidia CEO Jensen Huang met separately with U.S. President Donald Trump and Republican senators Wednesday
Rupee falls to 90.43 against the dollar amid RBI's restrained intervention and high importer demand, causing market concerns.
Meta’s poaching of Apple's Alan Dye underscores its push to expand consumer hardware beyond its smart glasses