TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Pakistan Was Forced to Kneel Before India’s Might, Confirms Rajnath Singh

    Pakistan Couldn’t Handle India’s Retaliation, DGMO Pleaded for Truce: Rajnath Singh in Lok Sabha

    BJP Ramps Up Protests Against Congress Plan to Split BBMP

    BJP Ramps Up Protests Against Congress Plan to Split BBMP, Cites Political Conspiracy

    TMC’s Bangla-Only Whip: Regional Pride or Linguistic Bullying?

    TMC’s Bangla-Only Whip to MPs: Regional Pride or Linguistic Bullying?

    Ahead of Operation Sindoor Debate, Congress Faces Dilemma: Veterans Sidelined, Dynasts and Lightweights in Focus

    Congress’ Operation Sindoor Debate Dilemma: Veterans Sidelined, Dynasts and Lightweights in Focus

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    India Bans 25 OTT Platforms

    India Bans 25 OTT Platforms Including ULLU, ALTT & Desiflix for Obscene Content

    Union Commerce Minister Piyush Goyal and UK Trade Secretary Jonathan Reynolds formally signed the Free Trade Agreement

    India, UK Sign Historic FTA; Modi Sends Stern Message on Terror, Corruption, and Democracy Abuse

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    How to Choose the Best Bank to Open a Savings Account in 2025

    How to Choose the Best Bank to Open a Savings Account in 2025

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Pakistan Was Forced to Kneel Before India’s Might, Confirms Rajnath Singh

    Pakistan Couldn’t Handle India’s Retaliation, DGMO Pleaded for Truce: Rajnath Singh in Lok Sabha

    Pahalgam Attack Mastermind Hashim Musa Eliminated in J&K

    Ex-Pak Para Commando, Pahalgam Attack Mastermind Hashim Musa Eliminated in J&K Encounter

    J&K Encounter Under Operation Mahadev: 3 Lashkar Terrorists Killed, Pahalgam Link Confirmed

    J&K Encounter Under Operation Mahadev: 3 Lashkar Terrorists Killed, Pahalgam Link Confirmed

    Landmark US Tech Transfer: India to Produce V-BAT Drones

    US Origin V-BAT Drones to Be Made in India Under Rare Defence Deal

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

    China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

    Pakistan Backs Off: Islamabad Caves In on TRF After U.S. Terror Tag

    Pakistan Backs Off: Islamabad Caves In on TRF After U.S. Terror Tag

    From ‘India Out’ to Red Carpet Welcome: The Turnaround

    Modi-Muizzu Meet Yields Breakthrough Pacts, From ‘India Out’ to Red Carpet Welcome: The Turnaround

    Bail Rejected by Chattogram Sessions Court for Chinmoy Krishna Das

    Chinmoy Krishna Das Denied Bail Again Amid Growing Persecution of Hindus in Bangladesh

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Chola Legacy, Modi’s Message: Restoring Dharma in Tamil Political Discourse

    Rajendra Chola to PM Modi: Reclaiming Tamil Nadu’s Forgotten Hindu Civilizational Heritage

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel

    How Rajabet Casino is Innovating Online Betting in India’s Competitive Market?

    India Cautions Citizens in Cambodia Amid Tensions Along Thai Border

    India Cautions its Citizens in Cambodia Amid Tensions Along Thai Border

    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    Highest RTP Casino Games to Get Better Wins

    Highest RTP Casino Games to Get Better Wins

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Pakistan Was Forced to Kneel Before India’s Might, Confirms Rajnath Singh

    Pakistan Couldn’t Handle India’s Retaliation, DGMO Pleaded for Truce: Rajnath Singh in Lok Sabha

    BJP Ramps Up Protests Against Congress Plan to Split BBMP

    BJP Ramps Up Protests Against Congress Plan to Split BBMP, Cites Political Conspiracy

    TMC’s Bangla-Only Whip: Regional Pride or Linguistic Bullying?

    TMC’s Bangla-Only Whip to MPs: Regional Pride or Linguistic Bullying?

    Ahead of Operation Sindoor Debate, Congress Faces Dilemma: Veterans Sidelined, Dynasts and Lightweights in Focus

    Congress’ Operation Sindoor Debate Dilemma: Veterans Sidelined, Dynasts and Lightweights in Focus

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    India Bans 25 OTT Platforms

    India Bans 25 OTT Platforms Including ULLU, ALTT & Desiflix for Obscene Content

    Union Commerce Minister Piyush Goyal and UK Trade Secretary Jonathan Reynolds formally signed the Free Trade Agreement

    India, UK Sign Historic FTA; Modi Sends Stern Message on Terror, Corruption, and Democracy Abuse

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    How to Choose the Best Bank to Open a Savings Account in 2025

    How to Choose the Best Bank to Open a Savings Account in 2025

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Pakistan Was Forced to Kneel Before India’s Might, Confirms Rajnath Singh

    Pakistan Couldn’t Handle India’s Retaliation, DGMO Pleaded for Truce: Rajnath Singh in Lok Sabha

    Pahalgam Attack Mastermind Hashim Musa Eliminated in J&K

    Ex-Pak Para Commando, Pahalgam Attack Mastermind Hashim Musa Eliminated in J&K Encounter

    J&K Encounter Under Operation Mahadev: 3 Lashkar Terrorists Killed, Pahalgam Link Confirmed

    J&K Encounter Under Operation Mahadev: 3 Lashkar Terrorists Killed, Pahalgam Link Confirmed

    Landmark US Tech Transfer: India to Produce V-BAT Drones

    US Origin V-BAT Drones to Be Made in India Under Rare Defence Deal

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

    China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

    Pakistan Backs Off: Islamabad Caves In on TRF After U.S. Terror Tag

    Pakistan Backs Off: Islamabad Caves In on TRF After U.S. Terror Tag

    From ‘India Out’ to Red Carpet Welcome: The Turnaround

    Modi-Muizzu Meet Yields Breakthrough Pacts, From ‘India Out’ to Red Carpet Welcome: The Turnaround

    Bail Rejected by Chattogram Sessions Court for Chinmoy Krishna Das

    Chinmoy Krishna Das Denied Bail Again Amid Growing Persecution of Hindus in Bangladesh

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Chola Legacy, Modi’s Message: Restoring Dharma in Tamil Political Discourse

    Rajendra Chola to PM Modi: Reclaiming Tamil Nadu’s Forgotten Hindu Civilizational Heritage

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel

    How Rajabet Casino is Innovating Online Betting in India’s Competitive Market?

    India Cautions Citizens in Cambodia Amid Tensions Along Thai Border

    India Cautions its Citizens in Cambodia Amid Tensions Along Thai Border

    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    Highest RTP Casino Games to Get Better Wins

    Highest RTP Casino Games to Get Better Wins

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

Government appoints S Gurumurthy, Satish Marathe as part-time directors on RBI board

TFI Desk by TFI Desk
10 August 2018
in Trending
gurumurthy, rbi

PC: outlookindia.com

Share on FacebookShare on X

The RSS ideologue and well known Chartered Accountant (CA) Swaminathan Gurumurthy has been appointed as the non-official part time director of Reserve Bank of India for a period of four years. Along with Gurumurthy, Satish Kashinath Marathe has also been appointed as a part-time non-official director on the board of RBI. Marathe is well known for his long tenure in cooperative banking and he also runs an NGO called Sahakar Bharati which supports cooperatives. The RBI central board has official and non-official directors. The official directors which include the governor and the deputy governor, holds the real power and is responsible for all the decision making. The RBI Act allows ten directors nominated by the government in the central board which is primarily a forum of discussion and not decision making.

The important thing to look forward to the next four years will be how much Gurumurthy will be able to influence the RBI through his ideas without having any decision making power. Gurumurthy has not been supportive towards the previous RBI policies. He was born in Tamil Nadu and is a prolific commentator on economy and finance issues. He is editor of Tamil magazine Thuglak and co-convener of Swadeshi jagaran manch, an economic nationalist organization which supports swadeshi ideas. He first came to limelight for fighting against business practices of the Reliance Company led by Dhirubhai Ambani at that time. He wrote a series of articles in The Indian Express newspaper criticizing the aggressive corporate expansion of Reliance denouncing a culture of corruption within the troubled conglomerate.

RelatedPosts

India’s Forex Reserves Surge Past $700 Billion, Close to All-Time Record

Crisil Forecasts Another Rate Cut in FY26, Pegs India’s GDP Growth at 6.5%

RBI Slashes Repo Rate by 50 Basis Points to Boost Growth; Middle Class May Receive Loan Relief

Load More

Gurumurthy was a vocal supporter of demonetization and called it a fundamental corrective to the economy much like liberalization of the 1990s. According to him one of the main aims of demonetization was to make India a welfare state by attacking black money. “The nation owes a standing ovation to the Prime Minister for taking this unprecedented and high-risk political decision which is a game-changing multi-dimensional effort to take on corruption, black money, protect national security and prevent capital flight out of the nation by hawala”, Gurumurthy wrote in The New Indian Express. He is an ardent supporter of Micro Units Development and Refinance Agency Bank (or MUDRA Bank) for aiding entrepreneurship in MSME sector. In his article he further wrote that, “When the Modi government came it realized that it could not generate jobs unless it funded the 58 million unfunded unorganized businesses which needed a capital of Rs 12 lakh crore — of which just 4 per cent was provided by banks. The government decided on a new financial architecture, the MUDRA bank, on the lines of the National Housing Bank, to focus on them and fund them. But Rajan’s RBI stonewalled it, saying it would lead to regulatory arbitrage — meaning seeking to profit between two regimes — and systemic risk”.

Gurumurthy has also been critical of some of the government schemes like the 3 percent fiscal deficit target which he called an import from the Maastricht Treaty adopted by the European Union. He said that 3 percent target is not required for India and it will hurt the economic growth of the country. He also criticized the RBI for not using its reserves to help recapitalize banks and opposes the privatization of public sector banks. Hence, Gurumurthy is an independent economic thinker with unorthodox economic ideas and he will bring some fresh thoughts in the environment of RBI. Now the important thing to look forward to is that how much he will be able to influence RBI with his ideas.

Tags: RBIS Gurumurthy
Share964TweetSend
Previous Post

‘Aam Admi’ Kejriwal’s taste for luxurious ‘beverages’

Next Post

IPS Officer Bharati Ghosh exposes vendetta politics of Mamata Banerjee

Related Posts

Pakistan Was Forced to Kneel Before India’s Might, Confirms Rajnath Singh
Defense

Pakistan Couldn’t Handle India’s Retaliation, DGMO Pleaded for Truce: Rajnath Singh in Lok Sabha

28 July 2025

In a powerful and emotionally charged address in Parliament, Defence Minister Rajnath Singh delivered a rousing defence of Operation...

Ahead of Operation Sindoor Debate, Congress Faces Dilemma: Veterans Sidelined, Dynasts and Lightweights in Focus
Analysis

Congress’ Operation Sindoor Debate Dilemma: Veterans Sidelined, Dynasts and Lightweights in Focus

28 July 2025

As the Lok Sabha prepares for a high-stakes debate on Operation Sindoor, the Congress Party finds itself in a...

Hindus Face Systematic Persecution in Bangladesh
Trending

World Watches Gaza, Ignores Hindus : Taslima Nasreen Sounds Alarm on Hindu Genocide in Bangladesh

28 July 2025

Exiled author Taslima Nasreen has taken to X (formerly Twitter) to expose the persecution of Hindus in Bangladesh, warning...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Should the HR&CE Exist? The Controversial Control Over Hindu Temples in Tamil Nadu

Should the HR&CE Exist? The Controversial Control Over Hindu Temples in Tamil Nadu

00:06:31

Will India Buy F-35s from US or Build Su-57s with Russia? IAF’s Big Push Explained

00:08:32

PM Modi’s Blueprint for Tamil Nadu Begins at Rajendra Chola’s Capital Gangaikonda Cholapuram

00:07:57

One Woman. Two Brothers. Jodidaran- A Living Example of Polyandry in Himachal's Hatti Tribe.

00:05:32

Lashkar-e-Taiba on the Run from Muridke: Is Bahawalpur Becoming Pakistan’s New Terror Capital?

00:07:26
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap
MASHABLE IS A GLOBAL, MULTI-PLATFORM MEDIA AND ENTERTAINMENT COMPANY. FOR MORE QUERIES AND NEWS, CONTACT US AT info@mashablepartners.com


©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited