Subbarao: The Next RBI Governor

The Government of India on Monday named finance secretary D Subbarao as the next Reserve Bank of India Governor.

He will replace Yaga Venugopal Reddy who will step down this week.

Subbarao, who is currently finance secretary, will take over on September 5 and his tenure will be for three years.

In May 2007, Duvvuri Subbarao was appointed the secretary, Department of Economic Affairs under the Ministry of Finance.

He belongs to the 1972 batch of the Indian Administrative Service (AP cadre) and topped the Civil Services Exam in 1972.

He also worked as secretary to the Prime Minister's Economic Advisory Council.

This is how the Babus work in India

Thanks to the ways the bureaucrats work the most precious piece of information in the Ahmedabad blast investigation is lost forever!
It is the initial few hours that could have led the cops to the terror operatives. The city cops waited for seven hours for VSNL, the concerned Internet Service Provider to facilitate this crucial probe.
Just five minutes before the series of 19 blasts shook Ahmedabad to its core and left more than 50 dead, a terror mail from Indian Mujahideen reached many media houses across the country.
The crime branch immediately tried to trace the mail but it was thwarted by red tape.
VSNL took its own sweet time to comply. "If we had got the Machine Access Code (MAC) right then, we would have been hot on trail. The information reached us only at 2.30 am! By then, it was too late. The culprits had got enough time to cover their tracks," said a senior crime branch official.

Pare down the Political Clouts

The full version will be published soon.