Current Affairs - Persons - Discussion

India's Central Bank, Reserve Bank of India (RBI) has assigned Deputy Governor BP Kanungo to run the monetary policy portfolio after the resignation of fellow Deputy Governor Viral V. Acharya. The monetary policy department, including forecasting and modeling unit, was earlier looked after by Acharya, who quit his role as Deputy Governor on June 2019. Kanungo will retain his currency management portfolio would become the 6th member of the RBI's Monetary Policy Committee, which will next meet on August 5-7,2019. Now the three deputy governors N S Vishwanathan, B P Kanungo and M K Jain will be responsible for 12 departments each. M K Jain has been given additional charge of corporate strategy and budget, financial stability unit, and human resource management. He will be in charge of the right to information division.