Revamping RBI Board
As majority of members term is ending, Government is set to reconstitute central board of Reserve Bank of India.
Present composition of Board
Board has 17 members.
1 Governor and 4 Deputy Governors.
Two Government nominee-1 is Financial service secretary and other is Economic Affairs Secretary(Ajay Tyagi)
Terms of 6 directors coming to end in September
All official & Non Official directors are appointed by Government.
1 st time Modi Govt will appoint, these members helps in providing a broader perspective & vision to central bank.
It is always tried to include eminent personalities from various sectors so that team dynamics could be established.