 Online edition of India's National Newspaper Saturday, Sep 06, 2008 ePaper | Mobile/PDA Version |
|
|
|
|
|
|
| Business |
|
News:
ePaper |
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Engagements |
Advts: Retail Plus | Classifieds | Jobs | Obituary |
Business
AT THE HELM: Newly appointed Reserve Bank of India Governor D. Subbarao (sitting left) and outgoing Governor, Y. V. Reddy (sitting right) with (from left) Usha Thorat, Shyamala Gopitanth and V. Leeladhar, Deputy Governors of RBI in Mumbai on Friday. MUMBAI: The new Reserve Bank of India Governor, D. Subbarao, on Friday said his immediate priority would be to manage high inflation in the economy and continue the financial sector reforms. “It will be my immediate concern to manage inflation and anchor inflationary expectations,” said Dr. Subbarao after taking over as 22nd Governor of the central bank. The statement assumes importance in the wake of double-digit inflation in the economy despite a slew of measures taken by the RBI and the Finance Ministry to tame it. Dr. Subbarao also said his short-to-medium term objective would be to usher in financial sector reforms keeping in view financial stability, price stability and real sector reforms. Praising the outgoing Governor Y. V. Reddy for the excellent work during his term, Dr. Subbarao said “Dr. Reddy led the institution with dignity, distinction and intellectual integrity.” Dr. Subbarao would hold the charge for three years. Prior to this appointment, he was the Finance Secretary in the Union Ministry of Finance. Signs scrollPTI reports: The 59-year old Dr. Subbarao signed the scroll after the wooden box containing it was opened by the Secretary of Board of the RBI, Grace E. Koshie. Dr. Subbarao took the oath of secrecy by signing the scroll before he assumed office from the outgoing Governor Dr. Reddy. As per convention, Dr. Subbarao was received by four deputy governors of the RBI as he entered the building in the afternoon.
Printer friendly
page
News:
ePaper |
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Engagements |
|
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | Publications | eBooks | Images | Home |
Copyright © 2008, The
Hindu. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu
|