• 1800 120 77 88 99

Urjit Patel is Back : Ready to Chair NIPFP - India'a Key Economic Think Tank

Indian Startup Chamber

Admin
  • June 20, 2020
Share with

Former Reserve Bank of India Governor Dr. Urjit Patel will be the new chairman of the National Institute of Public Finance and Policy (NIPFP),  India's premier economic think tank. He will assume charge as Chairman NIPFP from June 22. The NIPFP chairman’s role is advisory in nature and he does not interfere in day-to-day functioning of the institution.

 

Patel is now back to head NIPFP and advising the Government on key economic issues, almost after 18 months his early exit as Governor, Reserve Bank of India.

 

"National Institute of Public Finance and Policy is privileged to have Dr. Urjit Patel, former Reserve Bank Governor, as its Chairperson for a four-year term commencing June 22, 2020," the economic think tank said in a statement on Friday. Patel will replace Vijay Kelkar, who assumed office on Nov. 1, 2014.

 

"The chairman’s role is advisory in nature and he does not interfere in day today functioning of the institution. He chairs the board meetings which are held at least three to four times in a year," the NIPFP official said in a statement.


The constitution of the Governing body of NIPFP is three representatives of the Ministry of Finance, one representative of the Niti Aayog, one representative of the Reserve Bank of India, three representatives of sponsoring state governments, three distinguished economists, three heads of sister research institutions, and members of other sponsoring agencies and invitees.

 

Patel on Dec. 10, 2018, had unexpectedly resigned four days ahead of a crucial meeting of the board of the central bank that could have discussed issues of simmering differences with the government. Patel's three-year term was to end in September 2019 and he was eligible for a second term.

Want to subscribe our Newsletter?