Reserve Bank of India Governor D Subbarao, who took charge of the central bank in September 2008, amid the global financial crisis, has completed four years. Here are some of the areas which he would like to focus before his two-year extension comes to an end in September 2013..........
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Let GOI think in terms of longer tenure for positions like this. I have positions like Governor, RBI, CAG, Election Commission, CEOs of larger PSBs and higher level positions in judiciary in mind. Another aspect deserving GOI attention is a transparent succession plan for top positions. The practice of ‘pick and choose’ when the posts become vacant (even for the post of President that is what we are finding in the recent past) does not augur well for a mature nation. To make this work, giving higher responsibilities to incumbents even if he/she is not from a particular hierarchy or family and late retirement in case of individuals who are useful in service may have to be considered.
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