Princeton-educated, consensus builder Sanjay Malhotra appointed new RBI Guv

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Princeton-educated, consensus builder Sanjay Malhotra appointed new RBI Guv - Business Standard

Quick Summary:

Malhotra, who has more than three decades of experience in public policy with expertise in areas like power, finance and taxation, takes guard at the central bank at a time when the economy is faced with the dual challenge of slowing growth rate and high inflation rate.

A computer science engineer and master's in public policy from Princeton University, Sanjay Malhotra, the new Governor of the Reserve Bank of India (RBI), is a known consensus builder and the person instrumental in the implementation of the new income tax regime.

While Das kept benchmark interest rates unchanged for almost two years in a bid to control inflation, the incoming Governor is said to be a team player who believes prices cannot be managed by the central bank alone and the task needs government help as well.