Reforms to continue, says Mohan

BANGALORE: RBI deputy governor-designate Rakesh Mohan on Friday said he would strive to give momentum to forward-looking reforms in the financial sector.
"I will carry on the process of stability in the financial sector as well as for-ward-looking reforms...whatever has to be done to make sure financial sector serves the needs of the country in all areas, like agriculture, industry and services and keep up with changes in the world," Mohan said.
"I feel very honoured", he said on the Union government appointing him to the post for a three-year period but added that he was "absolutely surprised" by the announcement.
Mohan, who was economic advisor to former finance minister Yashwant Sinha, said he would assume charge in the next four to six weeks. He would be taking over from Y V Reddy, who has been appointed as executive direc-tor, IMF.