CURRENT AFFAIRS

Detailed explanation-1: -Patra’s three-year tenure was coming to an end on January 14. The government on Monday extended the term of the deputy governor of the Reserve Bank of India (RBI), Michael Debabrata Patra, by a further period of one year. Patra’s three-year tenure was coming to an end on January 14.

Detailed explanation-2: -Patra’s three-year tenure was coming to an end on January 14. The Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi, has approved Patra’s re-appointment as the RBI’s deputy governor for a further period of one year with effect from January 15, sources said.

Detailed explanation-3: -Deputy Governor of RBI, Michael Debabrata Patra’s three-year tenure was coming to an end on January 14. The central government on Monday has extended the term of the Deputy Governor of Reserve Bank of India (RBI), Michael Debabrata Patra, by one year.

Detailed explanation-4: -Reserve Bank of India deputy governor Michael Debabrata Patra has been reappointed for a period of one year with effect from January 15, 2023. The appointments committee of the cabinet approved it Monday. Patra, a career central banker since 1985, took over as the deputy governor on January 14, 2020.

Detailed explanation-5: -(1) The Central Government may remove from office the Governor, or a Deputy Governor or any other Director or any member of a Local Board.