Nageswaran gets 2 more years as CEA

NEW DELHI: Govt has extended the tenure of chief economic adviser V Anantha Nageswaran up to March 2027, ruling him out of the race for Reserve Bank of India deputy governor and opening the doors for outside economists to take up the assignment after Michael Patra’s departure from Mint Road.
Nageswaran, who joined the finance ministry three years ago, will be the longest serving CEA in recent years.
N R Bhanumurthy, who is director of the Madras School of Economics, Poonam Gupta, director general at NCAER, and Prachi Mishra, director and head of the Isaac Center for Public Policy at Ashoka University are seen to be strong contenders for RBI deputy governor, although there are at least two civil servants too, who had appeared for an interview.
Govt is expected to decide on a replacement for Patra as well as Sebi chief as Madhabi Puri Buch’s current three-year term comes to an end. Meanwhile, appointments panel of cabinet has approved a one-year extension for BVR Subrahmanyam as NITI Aayog CEO.