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Tuesday, November 18, 2014

New director nominated on RBI board

The Government has nominated Hasmukh Adhia, Secretary, Department of Financial Services, as the Director of Central Board of Directors of the RBI.

“The Central Government has nominated Dr. Hasmukh Adhia, Secretary, Department of Financial Services, Ministry of Finance, New Delhi as a director on the Central Board of Directors of the Reserve Bank of India vice Gurdial Singh Sandhu,” RBI said in a statement.

“Dr. Hasmukh Adhia’s nomination is with effect from November 11, 2014 and until further orders, RBI added.

Adhia is a 1981 batch Gujarat cadre IAS officer, who worked with Prime Minister Narendra Modi, when he was Gujarat Chief Minister.

In a major bureaucratic reshuffle earlier this month, Adhia was appointed the Financial Services Secretary replacing ex-Financial Services Secretary Gurdial Singh Sandhu.

His appointment was the third secretary level change in the Finance Ministry after Former Revenue Secretary Rajiv Takru was shifted to Department of North Eastern Region and Former Finance Secretary Arvind Mayaram was first shifted to Tourism Ministry and later to Minority Affairs Ministry.


Source : Thehindubusinessline

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