Hello and welcome to the Current Affair's Portal of ExamPundit.in. The Finance Ministry has nominated Ajay Tyagi, Additional Secretary in the Department of Economic Affairs to the RBI board in place of Economic Affairs Secretary Rajiv Mehrishi.
According to the convention, the Economic Affairs Secretary besides the Financial Services Secretary is part of the Central Board Directors of RBI.
Mehrishi also holds the Finance Secretary’s position in the ministry.
Following this notification on June 22, RBI had a board meeting which would not have been attended by the incumbent Finance Secretary.
The 552nd meeting of the Central Board of Reserve Bank of India was held on July 2 at Chennai.
According to the RBI website, there are 17 board members including the RBI Governor and four Deputy Governors. Rajiv Mehrishi's name is still part of the central board of directors as reflected on the website.
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