Harun Rashid Khan - Deputy governor of RBI

Harun Rashid Khan is new deputy governor of RBI

Harun Rashid Khan on Monday assumed charge as Deputy Governor of the Reserve Bank of India for a period of three years.

Mr. Khan replaces Shyamala Gopinath who retired last month, RBI said in a statement.

As one of the deputy governors of the apex bank, Mr. Khan will look after the Central Security Cell, Department of External Investments and Operations, Department of Government and Bank Accounts, Department of Payment and Settlement Systems, Foreign Exchange Department, Internal Debt Management Department and Inspection Department.

Prior to this appointment, Mr. Khan was Executive Director of RBI.

He had served in that position since October 2007 and looked after the Department of External Investments and Operations, Foreign Exchange Department, Internal Debt Management Department and Department of Government and Bank Accounts.

He was earlier Regional Director of RBI’s New Delhi Office and and had also served as Principal of the College of Agricultural Banking in Pune.

With a career spanning over 32 years, Mr. Khan had worked in diverse fields of specialisation like rural credit, currency management, banking supervision and regulation, debt management, reserve management, exchange control, personnel administration and internal accounts.

Mr. Khan has also been associated with number of committees both within and outside the RBI, including Committee on Technology Exports, Committee on Ways and Means Advances to the State Governments, Working Group on Instruments of Sterilisation and International Task Force on Central Counter-parties.

He also chaired the internal group of RBI on Rural Credit and Microfinance.

Based on the recommendations of that committee, known as the Khan Committee, the RBI had issued guidelines to expand the banking outreach through business facilitators and business correspondents with information and communication technology support for spearheading financial inclusion in the country.

Khan was also earlier the nominee director of RBI on the boards of Dena Bank, Bank of Maharashtra, Punjab and Sind Bank, Bank of Rajasthan and the Orissa State Finance Corporation.

The RBI has four deputy governors looking after various departments.

In his latest position, Mr. Khan joins Subir Gokarn, K.C. Chakrabarty and Anand Sinha who also serve as deputy governors of the central bank.

Wakhan Corridor & Wakhjir Pass

Two of the Most Amazing places


Wakhan Corridor
An area of far north-eastern Afghanistan which forms a land link or "corridor" between Afghanistan and China. The Corridor is a long and slender panhandle or salient, roughly 140 miles (220 km) long and between 10 and 40 miles (16 and 64 km) wide. It separates Tajikistan in the north from Pakistan in the south.


The corridor was a political creation of the Great Game ( between Britain & Russia). On the corridor's north side, agreements between Britain and Russia in 1873 and between Britain and Afghanistan in 1893 effectively split the historic area of Wakhan by making the Panj and Pamir Rivers the border between Afghanistan and the Russian Empire. On its south side, the Durand Line agreement of 1893 marked the boundary between British India and Afghanistan. This left a narrow strip of land as a buffer between the two empires, which became known as the Wakhan Corridor in the 20th century. The corridor has 12,000 inhabitants

Geography

The Pamir River, flowing out of Lake Zorkul, forms the northern border of the corridor. The Wakhan River passes through the corridor from the east to Kala-i-Panj, joining the Pamir River to become the Panj River.
In the south, the corridor is bounded by the high mountains of the Hindu Kush, crossed by the Broghol pass, the Irshad Pass and the disused Dilisang Pass to Pakistan.

At the eastern border, the Wakhjir Pass through the Hindu Kush at 4,923 m (16,152 ft), is one of the highest in the world. The Wakhjir Pass has the greatest official change of clocks of any international frontier (UTC+4:30 in Afghanistan to UTC+8, China Standard Time, in China)

The Corridor as a through route

Although the terrain is extremely rugged, the Corridor was historically used as a trading route between Badakhshan and Yarkand. It appears that Marco Polo came this way. The Portuguese Jesuit priest Bento de Goes crossed from the Wakhan to China between 1602 and 1606. In May 1906 Sir Aurel Stein explored the Wakhan, and reported that at that time 100 pony loads of goods crossed annually to China.

Early travellers used one of three routes:

A northern route led up the valley of the Pamir River to Zorkul lake, then east through the mountains to the valley of the Murghab River, then across the Sarikol Range to China.
A southern route led up the valley of the Wakhan River to the Wakhjir Pass to China. This pass is closed for at least five months a year and is only open irregularly for the remainder.
A central route branched off the southern route through the Little Pamir to the Murghab River valley.
As a through route the Corridor has been closed to regular traffic for over 100 years. There is no modern road through the Corridor. There is a rough road from Ishkashim to Sarhad-e Broghil built in the 1960s, but only paths beyond. It is some 100 km from the road end to the Chinese border at Wakhjir Pass, and further to the far end of the Little Pamir.


Townsend (2005) discusses the possibility of drug smuggling from Afghanistan to China via Wakhan Corridor and Wakhjir Pass, but concludes that, due to the difficulties of travel and border crossings, even if such trafficking occurs, it is minor compared to that conducted via Tajikistan's Gorno-Badakhshan Autonomous Province or even via Pakistan, both having much more accessible routes into China.


Afghanistan has asked China on several occasions to open the border in the Wakhan Corridor for economic reasons, or as an alternative supply route for fighting the Taliban insurgency. However China has resisted, largely due to unrest in its far western province of Xinjiang which borders the corridor. In December 2009 it was reported that the United States had asked China to open the Corridor.


WAKHJIR PASS :


The Wakhjir Pass (red marked) is a mountain pass in the Hindu Kush or Pamirs at the eastern end of the Wakhan Corridor, the only pass between Afghanistan and China. It links Wakhan in Afghanistan with the Tashkurgan Tajik Autonomous County in Xinjiang, China, at an altitude of 4,923 m, but the pass is not an official border crossing point. The border has the sharpest official change of clocks of any international frontier (UTC+4:30 in Afghanistan to UTC+8, China Standard Time, in China). Ludwig Adamec in his 1972 publication Historical and political gazetteer of Afghanistan identifies the Chinese name of the pass as Wa Ho Chi Erh Shan K'ou.

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