Syed Akbaruddin, Annie George Mathew, Janmejaya Kumar Sinha on RBI board

Why in News?
Former Indian Ambassador to the United Nations Syed Akbaruddin has been appointed as a part-time, non-official director on the Central Board of the Reserve Bank of India (RBI) for a period of four years. Along with him, Annie George Mathew and Janmejaya Kumar Sinha have also been appointed as part-time, non-official directors.

About  RBI Central Board of Directors 

• The RBI Central Board of Directors governs the affairs of the Reserve Bank.
• The Board is constituted by the Government of India under the Reserve Bank of India Act, 1934.
• Directors are generally appointed or nominated for a four-year term.
• Official Directors:
  • RBI Governor — full-time
  • Not more than four Deputy Governors
• Non-Official Directors nominated by the Government:
  • 10 directors from various fields
  • 2 government officials
• Other Non-Official Directors:
  • 4 directors, one each from the RBI’s four Local Boards.
• The Central Board plays a key role in policy oversight, governance and administration of the RBI.

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