**Poonam Gupta Appointed as Deputy Governor of RBI**
The Reserve Bank of India (RBI) has announced the appointment of Poonam Gupta, the Director General of the National Council of Applied Economic Research (NCAER), as its new Deputy Governor. This appointment is effective for a term of three years from the date she assumes office or until further notice, whichever comes first. The position became vacant following the departure of M D Patra in January, who was a member of the Monetary Policy Committee (MPC). With Gupta’s appointment, all four Deputy Governor positions at the RBI are now filled. The first bi-monthly MPC meeting for the current financial year is set to take place from April 7 to 9.
### Background of Poonam Gupta
– **Current Role**: Director General of NCAER, India’s largest economic policy think tank.
– **Advisory Positions**: Member of the Economic Advisory Council to the Prime Minister and Convener of the Advisory Council to the 16th Finance Commission.
– **Experience**: Joined NCAER in 2021 after nearly two decades in senior roles at the IMF and World Bank in Washington, D.C.
– **Academic Contributions**: Has taught at the Delhi School of Economics, University of Maryland, and served as a visiting faculty member at ISI, Delhi. Previously held the RBI Chair Professor position at NIPFP and was a Professor at ICRIER.
– **Education**: Holds a Master’s degree and PhD in Economics from the University of Maryland, and a Master’s degree in Economics from the Delhi School of Economics. Awarded the 1998 EXIM Bank award for her PhD on international economics.
### Conclusion
Poonam Gupta’s extensive experience in economic policy and advisory roles positions her well for the responsibilities of Deputy Governor at the RBI. How do you think her appointment will impact India’s monetary policy?
### FAQ
**What is the term length for the new Deputy Governor of RBI?**
Poonam Gupta’s term as Deputy Governor is for three years from the date she takes office or until further orders, whichever is earlier.
