Item code: 106/IN-29
എസ്. വെങ്കിട്ടരമണൻ
റിസർവ് ബാങ്ക് ഓഫ് ഇന്ത്യയുടെ 18-ആമത്തെ ഗവർണറായിരുന്നു എസ്. വെങ്കിട്ടരമണൻ. 22 ഡിസംബർ 1990 മുതൽ 22 ഡിസംബർ 1992 വരെ വെങ്കിട്ടരമണൻ റിസർവ് ബാങ്ക് ഗവർണറായിരുന്നു.
Dandi March
About the Governor
S Venkitaramanan
S Venkitaramanan
S Venkitaramanan was the eighteenth Governor of the Reserve Bank of India from 22 December 1990 to 22 December 1992. Venkitaramanan also served as Finance Secretary, Ministry of Finance from 1985 to 1989.
Venkitaramanan was born in Nagercoil to a Tamil Iyer family in the southern Indian state of Tamil Nadu. He holds a master's degree in Physics from the University College Thiruvananthapuram, Kerala and also a master's degree in Industrial Administration from Carnegie Mellon University, Pittsburg, USA. He was a member of the Indian Administrative Service, he had served as Finance Secretary, and adviser to the Government of Karnataka before his appointment as Governor of the RBI.
Venkitaramanan has published three books, Indian Economy: Reviews and Commentaries - Vol I, Indian Economy: Reviews And Commentaries - Vol II, and Indian Economy: Reviews and Commentaries - Vol III.
എസ്. വെങ്കിട്ടരമണൻ
റിസർവ് ബാങ്ക് ഓഫ് ഇന്ത്യയുടെ 18-ആമത്തെ ഗവർണറായിരുന്നു എസ്. വെങ്കിട്ടരമണൻ. 22 ഡിസംബർ 1990 മുതൽ 22 ഡിസംബർ 1992 വരെ വെങ്കിട്ടരമണൻ റിസർവ് ബാങ്ക് ഗവർണറായിരുന്നു.
Powers of the RBI Governor
The RBI Governor carries many powers. We can understand them with
the help of following points: –
- Banker’s banker.
- Heads all the commercial banks.
- Influence on micro and macro economies.
- Control over stock market.
- Signatures on currency notes.
- Control over monetary, currency and credit system.
Roles / Duties /
Responsibilities of the RBI Governor in Indian Economy
The RBI
Governor is the custodian of the country’s reserves and defenders of the
external value of the currency. The importance and role of the RBI Governor can
be assumed as he secures the monetary stability of the country and hence the
day to day life of the Indian Citizens.
You can
understand the role of RBI governor with the help of the points given below:
–
- RBI Governor is bankers’ banker, as he is the banker to the Government and heads the Central bank of the country.
- He bears the responsibility to maintain the financial stability for our economy.
- The formulation of economic policies cannot be made without his involvement.
- The economic issues and the financial system of the country is affected by the decisions he takes.
- The parameters, on which the whole economic and financial system is functioning, is decided by him.
- The currency notes we use, bear his signature and the monetary policy is controlled by him.
- He issues licenses to open new private and foreign banks and manages their working.
- He manages the interest rates on deposits and advances of the country.
- He manages the Foreign Exchange Management Act, 1999 that is related to maintain the foreign exchange market.
- He monitors the issue and exchange of the currency and coins.
- He also manages the credit to rural, agricultural and small-scale industries’ sectors, also frames policies to support agriculture sector.
- He make decisions to support national objectives.
- New rules and regulations are continuously reviewed by him so that they could become more easy and helpful for the customers.
- He also governs the Urban Co-operative banks.
- The Poverty Alleviation Schemes set by the Government is also managed by him.
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