Diabytes
Subir Gokarn News
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Former RBI deputy Governor Subir Gokarn's supposed meeting with incumbent central bank Governor Raghuram Rajan has sent specualtions rife in the media circles about the appointment of next head of RBI.
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In scathing comments on his bosses in North Block, former RBI governor Duvvuri Subbarao has alleged that ex-finance ministers P Chidambaram and Pranab Mukherjee interfered in the functioning of the central bank, especially on setting interest rates, and the differences even led to two of his deputies not getting extensions.
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Here is some background on the candidates seen as potential successors to Rajan at the RBI.
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The government has whittled down its list of candidates to become the next governor of the Reserve Bank of India (RBI) to four, three of whom are economists and veterans of the central bank with the other the head of the country`s largest bank.
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There are seven candidates on a long list to replace Reserve Bank of India Governor Raghuram Rajan, a senior government official told Reuters on Saturday.
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Gokarn will represent India, Bangladesh, Sri Lanka and Bhutan on the Washington-based IMF's Executive Board, which is responsible for conducting the day-to-day business of the multilateral institution.
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Finance Ministry has sped up the search for the new Sebi chairman because Sinha's term is scheduled to come to an end on February 17, 2016.
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