Ram Singh, Saugata Bhattacharya and Nagesh Kumar appointed as new MPC members

The government on Tuesday appointed Delhi School of Economics director Ram Singh, eminent economist Saugata Bhattacharya and Industrial Development Institute director Nagesh Kumar to the Monetary Policy Committee.

Economist Saugata Bhattacharya

“The members of the Monetary Policy Committee appointed by the Central Government shall serve for a term of four years with immediate effect or until further orders, whichever is earlier,” the Finance Ministry statement said. said. They are Ashima Goyal, economist and professor at the Indira Gandhi Institute of Development Research (IGIDR), Shashanka Bhide, senior advisor at the National Council of Applied Economic Research (NCAER), and Jayanth R.・Successor to Professor Varma. Indian Institute of Management Ahmedabad (IIM-A).

Mr. Nagesh Kumar, Director, Industrial Development Institute

The new members will attend the MPC meeting scheduled for next week.

Ram Singh holds a Ph.D. in Economics from Jawaharlal Nehru University. He holds a PhD (Economics) from Harvard University, Cambridge. His areas of expertise include public economics, taxation and finance, law and economics, banking and financial regulation, and Indian economy. He has over 20 years of experience in teaching, research, and publishing.

Mr. Nagesh Kumar is the Director and Chief Executive of the Institute of Industrial Development (ISID). Prior to assuming this role in May 2021, he served as Executive Director of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), and from 2009 to 2021 served as Chief Economist, Director of Macroeconomic Policy, and with the Development Department at UNESCAP Headquarters in Bangkok. I had the privilege of funding the Social Development Department and establishing the Office as Director of the South and Southwest Asia Office in New Delhi.

Mr. Kumar, who holds a PhD in Economics from the Delhi School of Economics, was awarded the Export-Import Bank’s 1st International Trade Research Award in 1990 and was awarded the GDN Research Medal by the World Bank and the Government of Japan in 2000 in Tokyo. Ta.

Saugata Bhattacharya is an economist with over 30 years of experience in economic and financial market analysis, policy advocacy, infrastructure and project finance, and consumer behavior and analysis. Previously, he was Chief Economist and Executive Vice President at Axis Bank. Previously, he worked as an expert on IDFC’s Policy Advisory Group and served on several key central government committees, including the Prime Minister’s Taskforce on Infrastructure.