The government is likely to extend K.C. Chakrabarty’s tenure as Deputy Governor of the Reserve Bank of India (RBI) by two years. Chakrabarty, appointed Deputy Governor in June 2009, was given a three-year term that ends on June 14. The other three deputy governors are Subir Gokarn, Anand Sinha and H R Khan. A Deputy Governor in the central bank can be appointed for five years and the retirement age is 62 — the age limit is 60 for other RBI officials. A candidate has to be younger than 60 to be eligible. An exception to this rule was made during the re-appointment of Shyamala Gopinath in 2009..............
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Ms Usha Thorat was not given extension upto 62 years of age even though earlier Ms Shyamala Gopinath was given extension.Now, it is reported that Dr.KCB is expected to be given extension up to 62 years of age. The only rule seems to be that you show me the person and the rule would be shown!! This is nothing new but it is unfortunate that this is continuing as one cannot hope to find a civil servant to express his views frankly and perform his duties with out fear or favour since such a civil servant would not get extension beyond the period he has to be suffered by the Governement/Public Sector undertaking. Our Prime Minister could go on saying that civil servants should express their views freely and frankly but civil servants know that he is not to be taken seriously as they can do this only at their peril!!
I would like add that I am not interested in canvassing for any one or arguing aginst any one as the persons concerned could look after themselves very well and I have no issue whether Rama rules or Ravana rules!!!
A. Chandramouliswaran.
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