Urjit Patel – 24th RBI Governer🇮🇳🇮🇳

RBI Deputy Governor Urjit Patel will take charge as the 24th Governor of the Reserve Bank of India when incumbent Raghuram Rajan demits office on 4th september.His Experience in various capacities will only boost Economy provided he given full control to work .Few Facts about his life and journey till date are aligned here.👇

Bio –

Urjit Patel, who has an M.Phil degree from Oxford University, was an advisor with Boston Consulting Group before his appointment as the deputy governor at RBI in 2013.

He was also with the International Monetary Fund (IMF) between 1990 and 1995 .He was on deputation to the Reserve Bank from the IMF between 1996 and 1997 after which he was a consultant (1998-2001) to the Department of Economic Affairs in the finance ministry.He had also been with Reliance.

Patel’s appointment assumes significance given the controversial departure of Rajan, who was publicly targeted by senior BJP leader Subramanian Swamy, and chose not to seek a second term in office.The government’s image too took a knock, with industry captains and institutional investors criticizing the handling of the issue.Former RBI Deputy Governors Rakesh Mohan, Subir Gokarn, Vice Chairman of the NITI Aayog Arvind Panagariya and SBI Chairperson Arundhati Bhattacharya were said to be the other contenders to the post.

And while the economy is far more stable than it was when Rajan had taken charge, Patel has a tough act to follow, given the high standards sets by his outgoing predecessor.

Focus needs to be on inflation, NPAs Patel’s handling of inflation, interest rates bad loan clean-up at banks, and the upcoming NRI deposit redemptions will be closely watched by the market.He led the committee that, in 2014, suggested that RBI adopt a formal inflation targetting method and formulate a monetary policy committee (MPC) to take interest rate decisions to achieve its inflation targets.Recently, the government agreed to both clauses, adopting a 4 percentlong term inflation target.

But even more closely watched will be his ability to maintain the RBI’s autonomy and extract tough promises from the government on fiscal discipline, something that Rajan excelled at.There is talk that one of the reasons the government was not too keen on retaining Rajan was that it would need a governor sympathetic to its vision of a monetary policy in the run-up to the 2019 general elections. Rajan has often been criticized for keeping interest rates high and giving priority to low inflation over growth.

Hopes of interest rate cuts have risen in the days following Rajan’s announcement to quit. However, the renewed spike in consumer and wholesale inflation has somewhat tempered the expectations.

Over the many years of work and research in India, Urjit Patel has impressed many, including P V Narasimha Rao, Dr Manmohan Singh, P Chidambaram, Narendra Modi, Arun Jaitley, and Raghuram Rajan, among others.
In 2013, when he was offerred to become the deputy governor of RBI, his recommendation letter was written by none other than the then Prime Minister Dr Manmohan Singh.Serving as the deputy governor at the RBI, Patel was seen as Raghuram Rajan’s right hand man. Patel headed the committee that introduced the landmark changes in the monetary policy formulation of the central bank, reports First Post. These reforms have helped India battle inflation, and are considered to be among the most important reforms since 1991.

Hope he will figure out the Common people issues their economic condition,growth and Indian economics stability.

Jai Hind 🇮🇳


Narsingh Yadav – A culprit or Innocent

One of the finest Medal prospects was sabotaged when our 27 year UP born wrestler Narshingh Yadav,who is currently serving as DSP in Maharastra Police when the charges of drugs consumptions were upheld by WADA and CAS. Commonwealth and Asian Games Gold medalist, Bronze medalist in World wrestling in 74 Kg was to take on Frech wrestler when the decison cames, imposing 4 years ban on the Indian Wrestler .
There had been many stories and contoversies on his olympic journey .Compatriot Sushil Kumar ,2 times olympics medalist asked for trial between him and Narsingh and challenged in Delhi high court but court rejected Sushil’s challenge and paved way for the latter. Next controversy surfaced when he was found guilty of intake of drugs.Narsingh stated that it is someone else who has either mixed drugs in food or in drinks to dent his image and his olympic chances. NADA and WFI , both Indian sports bodies given thumbs up to Narsingh , but the same was rejected and charges of drugs consumptions were upheld by WADA and CAS.
While the image of Country has already been dented ,its time for govt to ask for deeply investigation against all the suspectes may be its SAI official,Olympian ,Coach,Player,Govt. Official,sports officials touring in Rio .
Either sports officials were not aware about the olympics rule or simply they had neglected .Govt. Should also support Narsingh in helping him in providing legal supports provided he’s not held guily in CBI investigation.Narsingh should not be lone survivor if he isn’t guilty . Charges should be framed against all who are found guilty. A tough actions will only ensure such things will never happen in any sports, regardless of the position of the Individual.
Jai Hind

Rio Olympics 2016

The 2016 Summer Olympics officially known as the Games of the XXXI Olympiad and commonly known as Rio 2016, is a major international multi-sport event in the tradition of the Olympic Games as governed by the International Olympic Committee, being held in Rio de Janeiro, Brazil. Opening rounds in certain events began on 3 August 2016 — two days before the opening ceremony—and the Games is formally running from 5 August to 21 August 2016.

More than 11,000 athletes from 206 National Olympic Committees (NOCs), including first time entrants Kosovo and South Sudan, are taking part.[1][2] With 306 sets of medals, the games features 28 Olympic sports, including rugby sevens and golf, which were added by the International Olympic Committee in 2009. These sporting events are taking place at 33 venues in the host city as well as at five venues in the cities of Sao Paulo (Brazil’s largest city), Belo Horizonte, Salvador, Brasília (Brazil’s capital), and Manaus.

These are the first Summer Olympic Games under the IOC presidency of Thomas Bach.The host city of Rio de Janeiro was announced at the 121st IOC Session held in Copenhagen, Denmark, on 2 October 2009. Rio became the first South American city to host the Summer Olympics.

India is scheduled to compete at the 2016 Summer Olympics in Rio de Janeiro, Brazil, from 5 to 21 August 2016. Indian athletes have appeared in every edition of the Summer Olympics since 1920, although they had its official debut at the 1900 Summer Olympics in Paris.

The Indian Olympic Association is going to send the nation’s largest ever delegation (a total of 124 athletes; 41 larger than their previous record of 83 athletes in 2012) in Summer Olympic history.

This list of 124 athletes includes Inderjeet Singh and Dharambir Singh who have been suspended from travelling to Rio after having failed both of the administered doping tests.


Sources -Wikipedia