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Feb 2, 2016

[CA - Notes] Persons in News - January 2016


Persons in News – Jan 2016

Appointments
Sam Pitroda
Odisha Government’s Technical Advisor
Kunal Shah
Chairman of Internet and Mobile Association of India (IAMAI)
Achyuta Samanta
General President of 105th Indian Science Congress
Mary Barra
First Woman Chairman of General Motors
Devender Kumar Sikri
Chairman, Competition Commission of India
Filippo Grandi
High Commissioner for the UN Refugee Agency (UNHCR).
Urjit Patel
Re – appointed as Deputy Governor of RBI
Binny Bansal
CEO, Flipkart
Ravi Chellam
Executive Director, Greenpeace India
Atulesh Jindal
Chairman of CBDT
Marcelo Rebelo de Sousa
President, Portugal

Union Government re-appointed Dr Urjit R Patel, as Deputy Governor of Reserve Bank of India (RBI), for a second three-year term. Patel who joined RBI on 11 January 11, 2013 had headed a committee that paved the way for the proposed monetary policy committee. Patel, a doctorate from Yale University, also had a stint at IMF.  Patel is the fourth deputy governor and the other three are HR Khan, R Gandhi and SS Mundra. The re-appointment of Patel assumes significance as in recent past, none of the deputy governors got a second term.
About Urjit Patel
• Urjit Patel is an economist with hawkish point of view on inflation.
• He authored a research paper called Dynamics of Inflation Herding: Decoding India's Inflationary Process along with Gangadhar Darbha, ED, Nomura.
• Between 1990 and 1995, he worked with the International Monetary Fund (IMF) 1995 covering the US, India, Bahamas and Myanmar desks
• He was on deputation from 1996-1997 from the IMF to the RBI and provided advice on development of the debt market, banking sector reforms, pension fund reforms, real exchange rate targeting and evolution of the foreign exchange market.
• Patel was also a consultant with the Boston Consulting Group and was also a part of IDFC’s management committee for almost 10 years ever since it was first incepted.
• From 2005-2008, he also worked in board of Multi Commodity Exchange of India.
• Urjit Patel was NRI at Brooking Institution, Washington DC from 2006-2007.
• As an academic as well as consultant, Patel also provides advice to Indian government on different panels.
• He was the board member in Gujarat State Petroleum Corporation as well.

• Prior to his appointment as the deputy governor at RBI in 2013, Patel was advisor (energy & infrastructure) with Boston Consulting Group.

Deaths
A. B. Bardhan
Veteran CPI leader
Labshankar Thakar
Gujarati Writer
Mufti Mohammad Sayeed
Chief Minister, Jammu & Kashmir
Maria Teresa de Filippis
First woman to race in a Formula 1 grand prix; from Italy
Mrinalini Sarabhai
Legendary Dancer
Kalpana Ranjani
Film actress
Nirmala Gajwani
Former Deputy Speaker of Gujarat Assembly

Jammu and Kashmir Chief Minister, Mr. Mufti Mohammad Sayeed passed away on at the AIIMS hospital in New Delhi. He was 79. Sayeed who founded the Jammu and Kashmir Peoples Democratic Party (PDP) had been admitted to AIIMS in Delhi with complaints of severe fever and neck pain.
About Mufti Mohammad Sayeed
• Born on 12 January 1936, the leader had been a member of the Indian National Congress party until 1987.
• In 1987, he quit the Congress party to join V. P. Singh's Jan Morcha.
• He became the first Muslim Minister for Home Affairs in the Union Cabinet of India in 1989.

• He rejoined the Congress under P V Narasimha Rao. However, Sayeed left the Congress in 1999 along with daughter Mehbooba Mufti to form his own party, Jammu and Kashmir People's Democratic Party.
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