The 's Decision Of Not Going For The Second Term As The Rbi Governor

862 Words Nov 14th, 2016 4 Pages
Introduction:

On Saturday June 18, 2016, Raghuram Rajan shocked the nation by announcing that he won’t seek for the second term as the RBI Governor. In a letter to his collegues, the RBI Chief said, “… on due reflection, and after consultation with the government, I want to share with you that I will be returning to academia when my term as Governor ends on September 4, 2016,”
The country reacted to Mr. Rajan’s exit, or Rexit as they named it, as “nations loss” supporting the concept that he brought economic stability and enhanced India 's credibility on the global stage. Unlike 3 of his predecessors who served as RBI Governors for 5 years, Rajan decided to leave early. It should be noted that Mr. Rajan was assailed by some leaders of the ruling party in the recent months before his announcement. Raghuram Rajan’s decision of not going for the second term hit the currency, equities and the domestic markets.

The project aims to study and apply various GOD frameworks to the case of the internationally renowned economist.

According to our research, we have identified 3 main stakeholders in the case:
• Raghuram Rajan,
• Reserve Bank of India
• Government of India,
• Commercial Banks and
• Subramanian Swamy

About Raghuram Rajan:

Raghuram Rajan is an the Indian economist and former Governor of the Reserve Bank of India. Currently, he is serving as the Vice Chairman of the Bank for International Settlements. He served as the 23rd Governor of the RBI and his 3 year tenure…

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