Dilip Cherian | Extension raj in PESB, Lok Sabha secretariat… will RBI come next?
1 month ago

Dilip Cherian | Extension raj in PESB, Lok Sabha secretariat… will RBI come next?

Deccan Chronicle  

Since its second term, the Narendra Modi government has retained top civil servants beyond retirement for “continuity in policymaking”. Under Mr Das’s watch, the RBI has navigated major economic hurdles, including the pandemic, while holding interest rates steady for nearly two years despite calls for easing. As Mr Modi’s government pushes for economic reform and modernisation, Mr Murthy believes a dose of management mojo could shake things up. While Mr Murthy’s vision has its charms, one can’t help but picture seasoned babus reluctantly giving up their classic bureaucratic arsenal for MBA buzzwords and balance sheets. If Mr Modi decides to take Mr Murthy’s advice, the civil service might just transform into a more “target-oriented” machine — though there will likely be more than a few groans along the way.

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