4-Year Term For RBI GUV

The RBI Governor, in a frank discussion on the state of the economy with a Parliamentary Panel on Finance sent out a clear message - no more rate cuts until inflation is brought further down. But one of the most significant things he said was on the tenure of the RBI governor in India. Despite being on his way out Rajan is batting for a 4 year term instead of just 3. Here's a report.