Left Menu
Development News Edition

Cabinet secy-led panel to select candidate for RBI deputy governor post on Aug 7

As per the earlier schedule, the interview was to take place on July 23 but was deferred due to some reasons. The post had fallen vacant after senior-most deputy governor N S Vishwanathan demitted office three months ahead of his extended tenure on March 31 on health grounds after serving the monetary authority for 39 years.

PTI | New Delhi | Updated: 26-07-2020 16:09 IST | Created: 26-07-2020 15:48 IST
Cabinet secy-led panel to select candidate for RBI deputy governor post on Aug 7
Representative image Image Credit: ANI

A search panel headed by the cabinet secretary is scheduled to interview shortlisted candidates on August 7 for the post of RBI deputy governor, sources said. As per the earlier schedule, the interview was to take place on July 23 but was deferred due to some reasons.

The post had fallen vacant after senior-most deputy governor N S Vishwanathan demitted office three months ahead of his extended tenure on March 31 on health grounds after serving the monetary authority for 39 years. The Financial Sector Regulatory Appointment Search Committee (FSRASC) has a list of eight names who would be interviewed via video conference, the sources said.

The selected name from the interview will be sent to the Appointments Committee of the Cabinet headed by the Prime Minister for final approval, they added. Besides the cabinet secretary, other members of FSRASC include the RBI Governor, financial services secretary and two independent members.

This vacancy of RBI deputy governor has been reserved for the central bank's internal candidate, who would look after the key supervisory and regulatory functions at the Mint Road. As per the RBI Act, the central bank should have four deputy governors -- two from within the ranks, one commercial banker and another an economist to head the monetary policy department.

At present, the RBI has three deputy governors -- B P Kanungo, M K Jain and Michael Debabrata Patra. Earlier this year, the government extended Kanungo's tenure by a year with effect from April 3, 2020.

Kanungo, whose term was to end on April 2, had taken charge as a deputy governor in April 2017. The deputy governor appointments are made for an initial period of three years and the person is eligible for reappointment. The deputy governor gets a fixed salary of Rs 2.25 lakh per month plus allowances.


TRENDING

OPINION / BLOG / INTERVIEW

Post-COVID-19 Nigeria needs a robust Health Management Information System to handle high disease burden

Nigeria is among a few countries that conceptualised a health management information system HMIS in the early 90s but implementation has been a challenge till date. Besides COVID-19, the country has a huge burden of communicable and non-com...

Morocco COVID-19 response: A fragile health system and the deteriorating situation

Learning from its European neighbors, Morocco imposed drastic measures from the initial stages of the COVID-19 outbreak to try to contain its spread. The strategy worked for a few months but the cases have surged after mid-June. In this sit...

COVID-19: Argentina’s health system inefficiencies exaggerate flaws of health information system

You can recover from a drop in the GDP, but you cant recover from death, was the straightforward mindset of Argentinas President Alberto Fernndez and defined the countrys response to COVID-19. The South American nation imposed a strict...

Rwanda’s COVID-19 response commendable but health information system needs improvement

Rwanda is consistently working to improve its health information system from many years. However, it is primarily dependent on the collection and reporting of health data on a monthly basis. Besides, evaluation studies on Rwandas HIS publis...

Videos

Latest News

U.S. sports figures decry ruling in Breonna Taylor shooting

Colin Kaepernick and LeBron James headlined those from the sporting world who spoke out on Wednesday after police officers were cleared of criminal charges in the death of Breonna Taylor, a Black medical worker killed in her Louisville apar...

North Korean troops killed missing S.Korean then burned body, Seoul says

A South Korean official who went missing from a fisheries patrol boat earlier this week was shot dead by North Korean troops who later burned his body, South Koreas military said on Thursday. The military did not explain how the official en...

Countries urged to promote dissemination of science-based information

The World Health Organization WHO together with the UN, specialised agencies and partners today called on countries to develop and implement action plans to promote the timely dissemination of science-based information and prevent the sprea...

Two police officers shot amid Louisville protests over Breonna Taylor ruling

Two police officers were shot and wounded late on Wednesday in Louisville, Kentucky, during protests ignited by a grand jury decision that civil rights activists decried as a miscarriage of justice in the fatal police shooting of Breonna Ta...

Give Feedback