Recent decision:
- Sachin Chaturvedi heads Delhi-based think tank Research and Information System for Developing Countries (RIS).
- Revathy Iyer is a former Indian Audit and Accounts Services (IAAS) officer.
- Both have been appointed by the Central Government under Section 8 of the Reserve Bank of India Act, 1934, for a period of four years with effect from September 19, 2018.
Central board of the RBI:
- The board members are not responsible for setting the interest rate, but will provide a broader guidance to the central bank.
- With the recent appointments, RBI will now have 18 members on its central board, including four deputy governors and the governor.
- The Economic Affairs Secretary and Financial Services Secretary of the Finance Ministry are also on the board.
