"From Engineer To Organic Moringa Millionaire: How Sagar Khare Turned Solapur Soil Into A ₹36 Lakh Sustainable Farming Success Story"

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From Corporate Engineer To Organic Farmer: The Success Story Of Sagar Khare ’s Moringa Farm In Kurdwadi village of Solapur district, Maharashtra, a young agricultural entrepreneur is proving that farming can be both profitable and environmentally friendly. His name is Sagar Khare, and his journey from a corporate office to organic moringa fields shows how modern, educated youth can return to agriculture and still build a strong income. Leaving A Safe Job For Farming Sagar did not start his career as a farmer. He worked as a Project Engineer at Adient , a well‑known company in the automotive sector. Like many young professionals, he enjoyed the security of a monthly salary, a formal work environment, and a clear career path. However, in 2019, he made a bold decision. He left his engineering job and chose to work full‑time in agriculture. This was not an easy choice. Many people still believe that farming is risky, low‑income, and dependent on the monsoon. But Sagar saw an opportunity i...
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India’s Rajiv Ranjan to Lead Risk Strategy at BRICS New Development Bank

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 India’s Dr. Rajiv Ranjan Joins New Development Bank as Vice-President & Chief Risk Officer


In a move that shows India’s growing role in global finance, Dr. Rajiv Ranjan—a senior official of the Reserve Bank of India (RBI)—has been appointed as Vice-President and Chief Risk Officer (CRO) of the New Development Bank (NDB). His five-year term will begin in September 2025, after the NDB Board of Governors (representing BRICS nations) approved his name on August 23, 2025.


Long Career in Central Banking

Dr. Ranjan started his journey with the RBI in 1989 and has over 35 years of experience. He has worked in several important areas of the central bank such as:


Executive Director and MPC Member (2022 onwards): Helped decide India’s monetary policy and interest rates.


Head of Monetary Policy Department & Secretary to MPC: Played a key role in shaping India’s money supply and liquidity system.


Head of Economic and Policy Research Department: Promoted data-based decision-making through research.


International Experience: Worked at the Central Bank of Oman (2012–2015) and also held roles in RBI’s International and External Investments Departments.


Education and Research Work

Dr. Ranjan completed his Master’s in Economics from Delhi School of Economics and a PhD in Economics from the University of Mumbai.

He has:


Written many research papers,


Co-authored three books on development and economics,


Represented India in big forums like G20, IMF, World Bank, BIS, FSB, OECD, and SAARC.


Why His Appointment is Important

The New Development Bank (NDB), created by the BRICS countries in 2015, gives loans for infrastructure and sustainable development projects in emerging economies.


As Vice-President & Chief Risk Officer, Dr. Ranjan will take care of:


Risk management (economic, financial, and climate risks)


Strategic planning and policy-making


ESG (Environmental, Social & Governance) projects


Climate finance and sustainability goals


India already has $7.5 billion worth of projects funded by NDB, making it the second-largest beneficiary after China ($8.1 billion). His role will further strengthen India’s say in BRICS financial matters.


This appointment also carries symbolic value—it shows the Global South (developing nations) wants stronger leadership in international finance, not just dominance from Western countries.


Changes Within RBI

Dr. Ranjan’s shift to NDB means the RBI has made internal changes. Indranil Bhattacharyya, another Executive Director, will replace him in the Monetary Policy Committee (MPC) before the next policy meeting in October 2025.


What Lies Ahead

As he begins his five-year term at NDB, Dr. Ranjan is expected to:


Manage Risks in Developing Markets – Protect the bank from financial shocks, credit risks, and climate-related pressures.


Promote Sustainable Finance – Push projects in renewable energy, clean water, transport, sanitation, and digital systems.


Increase India’s Role in BRICS Finance – Ensure India’s voice is stronger in decision-making.


Bring Research to Practice – Introduce new policies that link academic research with real-world development projects.


Support Global South Initiatives – Focus on climate action and sustainable projects in developing nations.


Quick Summary

Aspect Details

New Role Vice-President & Chief Risk Officer, NDB

Term 5 years (from September 2025)

Appointed By BRICS’ NDB Board of Governors

Previous Role Executive Director, RBI; MPC Member

RBI Career Since 1989

Education MA (Delhi School of Economics), PhD (Mumbai University)

Global Role Represented India in G20, IMF, World Bank, BIS, OECD, FSB, SAARC

Significance Boosts India’s leadership in risk, finance, and sustainability

Conclusion

Dr. Rajiv Ranjan’s appointment marks both a personal success and a big moment for India. His decades of central banking knowledge, policy experience, and global exposure will help the NDB become stronger in funding infrastructure and climate projects.


At a time when the world is facing issues like climate change, economic slowdowns, and infrastructure gaps, his leadership at the NDB could prove transformational for global development finance

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