Following RBI : Raghuram Rajan, an economics professor today took charge from D Subbarao.

Key points of speech by new RBI governor

• Containing fiscal deficit and widening current account deficit is the top priority for the RBI. 
• New bank licencees will hopefully be announced by January 2014. Bimal Jalan-headed external committee will screen bank applications.
• Aadhar will be a foundation for building individual credit history.
• Stressed on the need for banks to reduce investments in government securities. 
• RBI, SEBI will gradually open Indian markets and continue on the path of liberalization.
• The central bank will push for more international settlements in rupees and add refinance facilities for importers and exporters. 
• In order to protect households against rising consumer price inflation, the RBI will issue inflation-indexed saving certificates by November 2013. 

The new RBI Governor Raghuram Rajan, 50, an economics professor who also served as chief economist at the International Monetary Fund, today took charge from D Subbarao. 

He today postponed the RBI’s credit policy to September 20. Also told the reports that the Indian economy remains fundamentally strong, but this is not an easy time to take charge as the RBI governor.

Subbarao said RBI' primary responsibility is "Price Stability" , 

Rajan says it is "Monetary Stability" . 

It's a big difference.

BEST WISHES TO THE NEW GOVERNOR.