RBI GOVERNOR IN WAITING
Raghuram Rajan, professor at Chicago’s Booth School of Business and a former chief economist at IMF, hopes the position of chief economic adviser will be a stepping stone to greater things. He had turned down the Government’s efforts to rope him in as deputy governor of RBI. He wanted to be RBI governor, but the Government hinted that he would not be considered for that job without a stint as either RBI deputy governor or in the finance ministry. Rajan must now hope he will be luckier than predecessor Kaushik Basu who was denied an elevation to RBI governor at the last minute.