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Monday, September 1, 2008

Dr. D Subba Rao is next RBI Governor

Dr. Duvvuri Subbarao is next governor of Reserve Bank of India (RBI). Subbarao replaces the Y V Reddy, whose tenure ends this week.

Subbarao is currently serving as the finance secretary in the central government.

Apparently, Subbarao takes over the mantle of the central bank at one of the most challenging times for the economy of this country. With the general elections around the corner, Subbarao will sure be in the hot seat.

Let us wish him good luck!

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