Tue, May 23, 2017 | updated 06:20 PM IST

Arvind Panagariya frontrunner in race for RBI chief

Updated: Jul 11, 2016 19:26 IST      
Arvind Panagariya frontrunner in race for RBI chief
New Delhi, July 11 (ANI): Prime Minister Narendra Modi may appoint Indian-American economist Arvind Panagariya, presently head of the government's main economic advisory body, as the next Reserve Bank of India (RBI) boss.

Government sources state that Panagariya's name is being touted to be the most likely successor of incumbent Raghuram Rajan.

Panagariya has in the past been the Chief Economist of the Asian Development Bank and a Professor of Economics and Co-director, Center for International Economics, University of Maryland at College Park.

He has also worked for the World Bank, International Monetary Fund, World Trade Organization, and the United Nations Conference on Trade and Development (UNCTAD) in various capacities.

Earlier, reports had emerged that State Bank of India (SBI) chairperson Arundhati Bhattacharya is the frontrunner among the contenders for the post.

Several names, including Vijay Kelkar, Rakesh Mohan, Ashok Lahiri, Urjit Patel, Subir Gokarn and Ashok Chawla, are doing the rounds for the RBI Governor's post.

In a surprising announcement, Rajan had last month said that he would return to the academic world at the end of his term on September 4, 2016, adding he will always be available to serve his country when needed and asserted that his 'successor' would take the nation to new heights.

Rajan is currently on leave from the Chicago Booth School of Business where he holds the post of Distinguished Service Professor of Finance.

Bharatiya Janata Party (BJP) leader Subramanian Swamy had last month triggered speculation by asking the Centre to deny Rajan a second term, saying his hawkish policies have ruined the Indian economy.

However, Infosys founder Narayan Murthy later added his voice to the chorus of support for Rajan, saying the central bank chief should be offered two more terms in recognition of his track record in steering monetary policy. (ANI)

Mumbai(Maharashtra) [India], May 23 (ANI): While praises are pouring in for the Indian Army for carrying out the 'punitive fire assault' on the Pakistan posts, Shiv Sena leader Sanjay Raut on Tuesday said it was not a befitting reply, but a mere "small action."

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Centre applauds Indian Army's attack on Pak posts in Nowshera

Updated: May 23, 2017 18:08 IST     

New Delhi [India], May 23 (ANI): Defence Minister Arun Jaitley on Tuesday applauded the Indian Army attack on Pakistan posts along the Line of Control (LoC ) in the Nowshera sector of Jammu and Kashmir and said the Army is taking pre-emptive and measured actions to counter terrorism in the valley.

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Assault on Pak posts sends strong message: Defence experts

Updated: May 23, 2017 17:54 IST     

Nagpur/Bhopal/Chandigarh [India], May 23 (ANI): The defence experts on Tuesday hailed the punitive fire assault on the Pakistan posts by the Indian Army, citing it would send out a strong message to Islamabad to stop unprovoked ceasefire violations and firing across the border.

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New Delhi [India], May 23 (ANI): Congress leader Randeep Surjewala on Tuesday praised the valour and courage of the Indian Army and asked the government to wake up from its "slumber and come to the assistance of our brave soldiers."

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New Delhi [India], May 23 (ANI): The Pakistan Army on Tuesday refuted the attack on Islamabad's posts in the Nowshera sector of Jammu and Kashmir, which the Indian Army earlier in the day said it carried out on May 9.

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New Delhi [India], May 23 (ANI): The Patiala House Court on Tuesday summoned Congress leader Jagdish Tytler after noting that he got his passport renewed by providing incorrect information stating that he didn't have any pending criminal cases against him.

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Hoist Tiranga in Lahore, says Shiv Sena post Army assault

Updated: May 23, 2017 16:49 IST     

Mumbai(Maharashtra) [India], May 23 (ANI): The Shiv Sena on Tuesday lauded the 'punitive fire assault' on the Pakistan posts by the Indian Army in Jammu and Kashmir's Nowshera district saying that the army should now hoist the'Tiranga'(Indian Tricolour) in Lahore to a give befitting reply to the unprovoked ceasefire violations.

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New Delhi [India], May 23 (ANI): The post-mortem report of IAS officer Anurag Tiwari, who was found dead in mysterious conditions outside a VIP guest house in Lucknow, has stated Asphyxia as the cause of his death.

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New Delhi [India], May 23 (ANI): With the political parties criticising the Centre over the glorification of Major Leetul Gogoi, who tied a man to a jeep in Kashmir purportedly as a 'human shield' against stone-pelters, Union Law Minister Ravi Shankar Prasad on Tuesday questioned the 'dual mindset' of the Opposition for keeping silent on the sacrifices by the bravehearts and killing of innocent.

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Punitive fire assaults across LoC to counter Pak: Indian Army

Updated: May 23, 2017 16:15 IST     

New Delhi [India], May 23 (ANI): The Army on Tuesday said that punitive fire assaults were being undertaken across the Line of Control (LoC) to counter terrorist action from Pakistan.

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Centre's goal is indigenization of defence sector: Minister

Updated: May 23, 2017 16:12 IST     

New Delhi [India], May 23 (ANI): Minister of State for Defence on Tuesday said that the government is bringing all stakeholders under one roof to promote indigenisation of the defence sector.

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262 coins seized back in January declared to be antique

Updated: May 23, 2017 16:09 IST     

Attari (Punjab) [India], May 23 (ANI): The Customs Department has declared that as many as 262 coins out of the 370 silver coins, which were seized during baggage clearance on January 1 from a passenger who had arrived India from Pakistan on board Samjhauta Express, were found to be unique.

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Defamation case against seven Tamil actors registered

Updated: May 23, 2017 15:20 IST     

Chennai (Tamil Nadu), May 23 (ANI): A case has been registered against seven Tamil film actors including Suriya and Sathyaraj, as they failed to appear before the court in connection with a defamation case filed by an Ooty journalist for their alleged disparaging speech in 2009.

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Is there a policy on Kashmir or not: Owaisi asks Modi

Updated: May 23, 2017 15:09 IST     

Telangana (Hyderabad), May 23 (ANI): Claiming that the Indian Army cannot end but only control militancy in Jammu and Kashmir, All India Majlis-e-Ittehadul Muslimeen (AIMIM) chief Asaduddin Owaisi on Wednesday asserted that Prime Minister Narendra Modi led Bharatiya Janata Party (BJP) has no policy on Kashmir.

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BJP files police complaint against AAP MLA Alka Lamba

Updated: May 23, 2017 15:01 IST     

New Delhi [India] May 23 (ANI): Bharatiya Janata Party (BJP) leader Nupur Sharma on Tuesday filed a police complaint against Aam Aadmi Party (AAP) MLA Alka Lamba for obstructing public servants from discharging their duties.

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Assam: Sukhoi-30 IAF aircraft missing, search ops launched

Updated: May 23, 2017 14:51 IST     

Tejpur (Assam), May 23 (ANI): An Indian Air Force (IAF) Sukhoi-30 aircraft, which was on a routine training, went missing today from North of Tejpur in Assam.

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IGP Kashmir assures fair enquiry against Major Gogoi

Updated: May 23, 2017 14:39 IST     

Barahmulla (Jammu and Kashmir) [India], May 23 (ANI): Inspector General of Police (IPG), (Kashmir) Muneer Ahmed Khan on Tuesday assured that the First Information Report (FIR) against Major Leetul Gogoi who has been awarded by Chief of Army Staff Commendation Certificate (COAS) will not be quashed.

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Army getting influenced by Modi : Congress on Major Gogoi row

Updated: May 23, 2017 14:39 IST     

New Delhi[India], May 23, (ANI): Hitting out at the Centre for giving 'administrative recognition' to Major Leetul Gogoi, Congress leader Subodh Kant Sahay on Tuesday said Prime Minister Narendra Modi-led government is using Indian Army for its 'personal benefit'.

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'Powerless' Mayawati facing identity crisis: BJP

Updated: May 23, 2017 14:36 IST     

Lucknow (Uttar Pradesh), May 23 (ANI): Uttar Pradesh Minister Siddharth Nath Singh on Tuesday took a jibe at Bahujan Samaj Party (BSP) chief Mayawati over her visit to Saharanpur village in Uttar Pradesh and said that the former chief minister is out of power and is facing identity crisis.

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New Delhi[India], May 23, (ANI): The Central Bureau of Investigation (CBI) today filed another chargesheet against former MP Naveen Jindal and five others in connection with the alleged irregularities pertaining to the Urtan North Coal Block in Madhya Pradesh.

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