The correct answer is Urjit Patel. Urjit Patel was the 24th Governor of the Reserve Bank of India from 4 September 2016 to10 December 2018. He had also served as Deputy Governor of RBI from 11 January 2013 to 4 September 2016. Presently he is the Chairman of National Institute of Public Finance and Policy (NIPFP) is an autonomous research institute under Ministry of Finance, Government of India. Urjit Patel was the Chairman of Expert Committee to Revise and Strengthen the Monetary Policy Framework, appointed by RBI on September 12, 2013. Expert Committee to Revise and Strengthen the Monetary Policy Framework:Objective of the Committee is to recommend what needs to be done to revise and strengthen the current monetary policy framework with a view to, inter alia, making it transparent and predictable. Suggestion: The Committee suggested a five-member Monetary Policy Committee (MPC) - three members from the RBI and two nominated by the Government. Presently the committee comprises six members - three officials of the RBI and three external members nominated by the Government of India. The Governor of RBI is the ex officio chairperson of the committee. They need to observe a "silent period" seven days before and after the rate decision for "utmost confidentiality". Decisions are taken by majority with the Governor having the casting vote in case of a tie. The current mandate of the committee is to maintain 4% annual inflation until 31 March 2021 with an upper tolerance of 6% and a lower tolerance of 2%. Additional InformationC Rangarajan was the 19th Governor of the Reserve Bank of India. He had also served as Chairman of the Prime Minister's Economic Advisory Council, from August 2009 to May 2014. He was the Chairman of the Twelfth Finance Commission of India. Y V Reddy was the 21st Governor of the Reserve Bank of India. He was the chairman of the Fourteenth Finance Commission of India. Bimal Jalan was the 20th Governor of the Reserve Bank of India. He has also been the Chairman of the Economic Advisory Council to the Prime Minister between January 1991 to September 1992.