Added on : 2018-08-08 20:47:07
The government has appointed Rashtriya Swayamsevak Sangh (RSS) affiliate S Gurumurthy and Satish Marathe as part-time directors on the Reserve Bank of India board. Both appointments are for a four-year term. The Cabinet’s Appointments Committee approved the same after a proposal from the Department of Financial Services. S Gurumurthy is the editor of Tamil political weekly Thuglak and the co-convener of RSS affiliate Swadeshi Jagran Manch. Marathe is the patron of an NGO called Sahakar Bharati which is furthering the co-operative movement in India.
With the two appointments, RBI’s board now has 10 government-appointed members. This is the first time Gurumurthy has been appointed as an RBI director.