New Delhi, July 31 (KNN) The Finance Ministry has nominated Ajay Tyagi, additional secretary (Investment) Department of Economic Affairs Ministry of Finance, to the RBI board in place of economic affairs secretary Rajiv Mehrishi. 

As per the convention, economic affairs secretary besides the financial services secretary is part of Central Board Directors of RBI. 

"In exercise of the power conferred by clause (d) of sub-section (1) of Section 8 of the RBI ACT 1934, the central government hereby nominates Ajay Tyagi, additional secretary (Investment) Department of Economic Affairs Ministry of Finance, to be director on the Central Board of Directors of RBI with immediate effect until further order vice Rajiv Mehrishi," a finance ministry notification said, according to a media report. 
 
Mehrishi also holds finance secretary position in the ministry. (KNN Bureau)