Raghuram Rajan takes over as Chief Economic Advisor
August 29th, 2012 - 3:55 pm ICT by IANS
New Delhi, Aug 29 (IANS) Raghuram G Rajan, former IMF chief economist, took charge as chief economic adviser (CEA) in the finance ministry Wednesday.
“I am glad to be here,” Rajan told media persons after taking charge.
“The world economy faces serious challenges and India is no exception. I hope that in the next days I can help contribute to whatever solutions we devise in tackling these challenges.”
The Cabinet Appointments Committee had Aug 10 cleared Rajan’s appointment as the new CEA.
Rajan, who will be a key member of Finance Minister P. Chidambaram’s team, was honorary economic adviser to Prime Minister Manmohan Singh.
An alumni of Indian Institute of Management-Ahmedabad and IIT-Delhi, Rajan did his doctorate from Massachusetts Institute of Technology.
He is highly acclaimed for predicting the 2008 global financial crisis.
The position of the CEA has been lying vacant since Kaushik Basu’s term ended on July 31.
Rajan was also involved with the report on Financial Sector Reforms authorized by the Planning Commission.
- IIT conclave as part of Vibrant Gujarat summit - Jan 09, 2011
- Kaushik Basu named World Bank chief economist - Sep 06, 2012
- New IIT entrance test pattern gets mixed reactions from alumni - Jun 28, 2012
- 'Invest in research, technology for future of IITs' - Apr 16, 2012
- IIT alumni keen to push Punjab growth - Aug 21, 2010
- IIT Delhi also revolts, to conduct own exam (Lead) - Jun 21, 2012
- Pranab meets industrialists to allay India Inc concerns - Aug 01, 2011
- No leadership vacuum in India, says Pranab - Apr 23, 2012
- Lagarde is new IMF chief, gets support from India, US - Jun 29, 2011
- Pranab to visit Britain to discuss trade ties, reforms - Jul 24, 2011
- IIT Kanpur revolts, to hold separate entrance exam - Jun 08, 2012
- Can't quit IIT, reappear in entrance test: Court - Apr 05, 2012
- Mukherjee to visit US next month - Sep 20, 2010
- What ails the IITs (Comment) - Oct 25, 2011
- South Sudan becomes 188th member of IMF - Apr 19, 2012
Tags: appointments committee, cabinet appointments, chief economist, economic adviser, economic advisor, finance minister, finance ministry, financial sector reforms, global financial crisis, indian institute of management, indian institute of management ahmedabad, kaushik basu, manmohan singh, massachusetts institute of technology, media persons, p chidambaram, prime minister manmohan, prime minister manmohan singh, rajan, world economy