Government could take call on Raghuram Rajan's successor today

NEW DELHI: The government could soon announce the successor to RBI governor Raghuram Rajan, who completes his term on September 4.

Prime Minister Narendra Modi and Finance Minister Arun Jaitley are expected to meet on Thursday to decide on Rajan's successor. Former RBI deputy governor Subir Gokarn, deputy governor Urijit Patel, chief economic advisor Arvind Subramanian, Niti Aayog deputy chairman Arvind Panagariya, SBI chairman Arundhati Bhattacharya, economic affairs secretary Shaktikanta Das are some of the names that have been doing the rounds.

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Former World Bank chief economist Kaushik Basu and former chief economic advisor Ashok Lahiri are among the names. The announcment is likely to happen soon. The government is already in the process of selecting three members for the Monetary Policy Committee that will set interest rates going ahead.