Constancy and change | Business Standard News

Constancy and change | Business Standard News

My VIEW:

This short article which
gives a fair idea of the pains Subir Gokarn took to understand the institution
from within during the short tenure as Deputy Governor confirms the need to
allow a longer period of stay in top positions in organisations like RBI. Dr
Raghuram Rajan is the 23rd Governor of RBI. 11 out of 22 who held
the position earlier remained in position for 5 years or more. GOI should
consider a fixed tenure of 5 years for Governor and Deputy Governors with
enabling proviso for further extension of term. Mid-term ‘easing out’ should be
for transparent reasons.
M G Warrier

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