Pro-RSS Thinker S Gurumurthy, Sahakar Bharati Chief Satish Marathe Appointed To RBI’s Central BoardS Gurumurthy. (pic via Twitter)

Pro-Rashtriya Swayamsevak Sangh (RSS) thinker Swaminathan Gurumurthy has been appointed as a part-time director of the Reserve Bank of India (RBI) Central Board, Economic Times has reported.

Gurumurthy has been appointed under Section 8(1)(c) of the RBI Act 1934, for a period of four years. A chartered accountant by profession, he has been a vocal supporter of demonetisation and has criticised the RBI’s policies on several occasions in the past. He has tweeted that this has been his first appointment as a director and he has accepted it in the public interest.

The RBI Central board is a forum for discussions and not a decision making body. However, policy decisions are likely to go through the body.

Along with S Gurumurthy, founder of the Non-Governmental Organisation (NGO) Sahakar Bharati, Sathish Marathe has also been appointed as a director of the RBI central board. Sahakar Bharati is an RSS-affiliated NGO that works to support cooperatives in India.

Sathish Marathe has earlier served as a chairman of The United Western Bank Ltd. Currently he is serving as board member of Thane Bharat Sahakari Bank Ltd. and Rajkot Nagarik Sahkari Bank Ltd. In his youth, Marathe was associated with the Akhil Bharat Vidyarthi Parishad (ABVP) and has served as the ABVP’s treasurer for four years.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber