The delay in the appointment of Anand Sinha as a Deputy Governor of RBI has puzzled many, with some conspiracy theories floating around. But the lag is apparently due to the fact that the government was caught in a bind relating to his term. The deputy governor normally gets a term of three years. But in Sinha’s case, it would have meant crossing the age of 62. Chances are that the government may settle for a tenure of only up to 62, cutting short a full three-year term.
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