“I am not aware of why the committee has been formed, and how the selection (of RBI Governor) will be done. Gowda, however, said the government has its ways and means to decide on whether Rajan should be given the second term as the RBI governor or not. Gowda also said he is not aware of the reported formation of a selection committee by the government to shortlist candidates for the post of the RBI governor. Photo: BloombergBengaluru: The government would take its “own course” on giving a second term to Reserve Bank of India governor Raghuram Rajan and deliberations and discussions in public domain would not decide it, Union law minister Sadananda Gowda said on Saturday. Gowda’s response came when he was asked if setting up of the committee to shortlist candidates for RBI governor’s post meant that government would not give a second term to Rajan.

Source: Mint June 11, 2016 12:11 UTC