With a bit delay the proposal to elevate RBI’s executive director Anand Sinha as one of the Deputy Governors of the central bank has started moving ahead for the final decision. Finance ministry sources said Sinha’s name after being accorded vigilance clearance had now been sent to appointment committee on Cabinet (ACC) for its approval. “After ACC’s approval, it will go to Prime minister office PMO for the final nod,’’ said a senior official. Though Sinha was selected to succeed Usha Thorat who retired as a Deputy Governor, RBI almost one and half month back, the concerned file hadn’t moved fast because of some technical reasons giving rise to speculation whether Sinha still remained in the race. However, the finance ministry while clarifying that Sinha’s appointment letter will soon be issued, said the ministry is yet to initiate step to find a successor to another Deputy Governor Shyamala Gopinath, who will be retiring in June 2011.
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