A committee of Union Cabinet headed by Prime Minister Narendra Modi had cleared Mankad’s appointment. Shah had contended that Mankad’s credentials were subject matter of a PIL pending before the high court, so his appointment was not desirable. Such appointment shakes public confidence in RBI,” Shah had said. The Gujarat High Court today dismissed a PIL challenging the appointment of former chairman of Gujarat International Finance Tec-City (GIFT-City) Sudhir Mankad as a non-officiating director of the Reserve bank of India. “The committee of Cabinet ought to have appointed a person of clean credentials on the Board of RBI given the nature of functions that RBI exercises.

Source: Indian Express July 25, 2016 15:33 UTC