.........According to Section 8 (1) of the RBI Act, 1934, the Centre has the powers to nominate such experts as non-official directors to the RBI central board. The latest move is part of measures being taken to improve the governance and functioning of the RBI, they said. "Even the RBI Governor and Deputy Governors normally get a maximum of two tenures only. So it won't be proper to give indefinite tenures to non-official directors," an official said.........
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