It’s not very often that you hear the finance minister discuss the appointment of the RBI Governor openly and in media interviews. After all, unlike many other autonomous arms of the government, the central bank is one of the most prestigious institutions of the country and great respect is accorded not only to the Governor as an individual but also to the post. So it was quite surprising to find an otherwise disciplined P Chidambaram virtually ruling out any extension to the present RBI Governor D Subbarao in an interview to Economic Times. ..............
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1 comment:
It is too early to come to conclusions. The next RBI Governor (post-September 5, 2013) will be in position for a longer period than the present tenure of P Chidambaram. Those who decide on the individual who should be Governor, RBI from September 6, 2013 will have this in view.
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