Raghuram Rajan takes over as new RBI governor

Raghuram Rajan on Wednesday took over as the new governor of the Reserve Bank of India. Rajan (50), an economics professor who also served as chief economist at the International Monetary Fund, took charge from D Subbarao. Raghuram Rajan is an outspoken economist who famously predicted the 2008 global financial crisis years in advance, AFP reported.