Dr. Michael Debabrata Patra re-appointed as RBI Deputy Governor for one 12 months

Michael Patra was appointed as DG of RBI on Jan 15 2020 for a interval of three years and has been reappointed for another year.

Regardless of many articles and posts, the federal government doesn’t get the appointment guidelines. The rule to appointing folks at key coverage positions is to provide them a tenure which is lengthy (sufficient), non-renewable and non-dismissable (barring distinctive circumstances). However we do the other of quick, renewable and simply dismissable.

However then one can take solace from the truth that reappointment was completed earlier than 4 days of the tenure time period.

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