Government opens applications for RBI Deputy Governor (Viral Acharya’s replacement)

This application should have come much earlier given Viral Acharya had indicated in June that he will not be able to serve beyond 23 July 2019.

Anyways, Government has put up the job advertisement:

1. Qualifications and Experience:

(i) Persons who have at least 25 years of work experience in Public Administration including experience at the level of Secretary or equivalent in the Government of India; or

(ii) from among persons who have at least 25 years of work experience in an Indian or International Public Financial Institution; or

(iii) from among persons of exceptional merit and track record at the national or international level in the relevant field(s).

2. Age: Not more than 60 years of age as on 24.7.2019.

3. Salary and Allowances: The post carries the pay scale of Rs. 2,25,000 (Level 17)

4. Term of Office: The appointment will be for a period of three years and the person will be eligible for re-appointment.

Hmm..

Given it is a replacement for Viral Acharya who was handling monetary policy and economic research, it is surprising not to see “economics qualification” explicitly. Perhaps, they have decided to continue Mr. B.P. Kanungo who has replaced Viral Acharya and appoint a DG for handling other tasks.

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