As per the RBI Act, the three new members would have four-year terms, the sources added.
The new members replace Chetan Ghate, professor at the Indian Statistical Institute; Pami Dua, director at the Delhi School of Economics (DSE); and Ravindra Dholakia, professor at the Indian Institute of Management, Ahmedabad.
Here’s what you need to know about the new additions to the
Goyal is a member of the Prime Minister’s economic advisory council. She was a visiting fellow at Yale university and is now a professor at the Indira Gandhi Institute of Development Research in Mumbai.
Bhide works with the New Delhi-based think-tank National Council for Applied Economic Research with a special focus on agriculture, poverty analysis and macroeconomics.
Varma is a finance and accounting professor at the Indian Institute of Management, Ahmedabad. He was formerly on the board of Securities and Exchange Board of India (SEBI), the country's capital markets' regulator.
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