RBI Deputy Governor Poonam Gupta: Dr. Poonam Gupta has become the deputy governor of IBI. The Government of India appointed Dr. Poonam Gupta on 2 April as the new deputy governor of the Reserve Bank of India (RBI). He is a member of the Prime Minister’s Economic Advisory Council. Dr. Poonam’s term will be 3 years. This appointment has been made before the meeting of RBI’s Monetary Policy Committee on 5 April.
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A woman has returned to the post of RBI deputy governor after 14 years. Delhi economist Poonam Gupta has been given this responsibility. He is currently a part-time member of the National Council for Applied Economic Research (NCAER) and the Prime Minister’s Economic Advisory Council. Prior to this, she has been a member of the Development Advisory Committee of NITI Commission and Executive Committee of FICCI.
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Poonam Gupta belongs to Shalimar Bagh area of North Delhi. Interestingly, Delhi CM Rekha Gupta is also an MLA from Shalimar Bagh. She became the fourth woman Chief Minister of Delhi, while Poonam Gupta has been made the fourth female deputy governor of the Reserve Bank of India (RBI).
The post was vacant for two and a half months after Michael Patra left. He has been appointed for three years. RBI’s monetary policy meeting is going to happen next week. In the last meeting, the central bank cut the repo rate by 25 basis points. It is believed that this time also the repo rate can be cut so much. This can give people relief from expensive loans.
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Poonam Gupta’s education
Poonam Gupta received a postgraduate (master) degree from economics from the School of Economics at Delhi University. Later earned a PhD in Economics from University of Maryland, USA. During this period, EXIM Bank was awarded in 1998.
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After this she was the Associate Professor at Delhi School of Economics (Delhi University). He taught DSE’s Department of Economics for 2 years (2006 to 2008).
Deputy Governor Poonam Gupta’s career
For the last nearly two decades, Poonam held senior positions in the International Monetary Fund (IMF) and the World Bank. Along with this, Poonam contributed to the projects focused on many emerging economies of India. Apart from this, Poonam Gupta has also been RBI Chair Professor at National Public Finance and Policy Institute and Professor in ICRIER. Poonam Gupta has been a member of the World Bank advisory panel. She was also the chairman of the Macroeconamics Task Force at the G20 Presidency. Currently from 2021, the Director General of NCAER has been working as General and is also a member of the Economic Advisory Council of PM. He has done extensive research on macroeconamics and emerging market economies. His works have been published in many prestigious academic magazines.
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Dr. Poonam has worked as a professor of macroeconomics in the Indian Council for Research on International Economic Relations (ICRER) from 2 years (2009 to 2011). ICRER is a major Economic Policy Research Institute in India, which was established in 1981 as a non-profit, independent think tank.
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RBI Chair Professor has also been in NIPFP
Dr. Gupta has been a RBI Chair Professor at the National Institute of Public Finance and Policy (NIPFP). He worked from 2 years (2011 to 2013). NIPFP is a major research institute in India, which is focused on Public Economics and Policy. It was established in New Delhi in 1976 as an Autonomous Society.
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16th Finance Commission Advisory Council is a member of
Dr. Gupta was made a member of Prime Minister Modi’s Economic Advisory Council in the year 2021. He is still working in this post in part time. As a member, she advises on the country’s economic policy. Subsequently, Dr. Poonam Gupta was appointed as a member of the 16th Finance Commission Advisory Council in the year 2024. She advises commission on issues related to economic policy, fiscal system and financial reforms.
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First woman to become Director General of ICRIR
Dr. Poonam Gupta became the Director General of the Indian Council for Research on International Economic Relations (ICRER) in the year 2021. She is the first woman to be appointed to this post. ICRIR is a premiere economic think tank, which performs research on topics such as policy making, trade, finance and macroeconomics.
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More salary will be available than PM
Prime Minister Narendra Modi gets a salary of Rs 1.66 lakh per month, including his basic pay Rs 50,000, parliamentary allowance Rs 45,000, expenditure allowance Rs 3,000 and daily allowance Rs 2,000. Apart from this, they also get other allowances. At the same time, the Deputy Governor of RBI gets a monthly salary of Rs 2.25 lakh, which is more than the Prime Minister’s salary. Apart from this, they are also provided with many other allowances and facilities. In 2022, RBI gave this information in response to an RTI.
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