With reference to Aditi Phadnis' report, "Three-year term too short for RBI governor: Rajan" (July 2), I have to admit that of the 23 people who have held the post since the inception of the Reserve Bank of India 81 years ago, 13 were appointed for an initial period of five years - the maximum permissible period under the RBI Act.Of the remaining 10 - leaving aside the five, who were acting governors for a few months (in one case, for 20 days only) pending takeover by the regular appointee - only five were appointed initially for a period of less than five years. They were Osborne Smith, the first governor (an Australian national) who was appointed in 1935 for three and a half years (he had earlier been one of the managing governors of the Imperial Bank); K R Puri, (having only an insurance background) appointed during the Emergency in 1975 initially for one year; S Venkitaramanan, appointed in 1990 for two years; Duvvuri Subbarao, appointed in 2008 for three years which was later exte

Letters: Fix 5-year term as a rule

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Business Standard analyses one family's finances and suggests a way forward

Case study

Realty check: Budget - Rs 30-50 lakh

Business Standard brings you a snapshot of average current rates and unit sizes in localities that offer property in the price range of Rs 30-50 lakh

Shyamal Majumdar's column, "Mismanaging Rajan's exit" (July 1), takes a close look at the issues responsible for creating a bad situation needlessly

Letters: Independence essential

Why this indigenous sport deserves more attention

Kabaddi's soft powers

It has been speculated for months that Heptulla will be given a gubernatorial assignment and her junior minister Mukhtar Abbas Naqvi will get the full-fledged charge of the ministry

Heptulla's dilemma

Image via Shutterstock

21 stocks hit all-time high

Since UK referendum outcome to exit European Union last Friday, 32 companies have hit all-time highs

Forest policy needs to be reviewed to plug existing gaps

Another withdrawal

But decision on allowances is a repeat of past mistakes

A fait accompli

Of these 13 MPs, seven have declared serious criminal cases, including those of attempted murder, cheating and dishonestly inducing delivery of property and theft

Letters: Dubious record

As bureaucracy is based on hierarchy and conformity, the chances of successful operation of the system are remote. The work culture has to change first

Letters: Rules of appraisal

Photos of Somya Gurjar holding her iPad to take a selfie with the alleged rape survivor and the state commission chairperson, Suman Sharma, went viral on Wednesday

Selfie shocker

Soon after being re-elected early this year, Kumar had banned liquor in Bihar - it was one of his election promises

The 'real' crowd-pullers

Even before Americans decide whether to choose Donald Trump or Hillary Clinton as their country's next president, an Indian company seems to have indicated who it wants to side with

Betting on Trump card

Budget has adequate pay panel provision: Ashok Lavasa

India's MTCR membership has few new benefits

Obligations sans rights

Stressed assets still a big problem for banks

RBI's warning signal

Prime Minister Narendra Modi is understood to be banking on the new equations following favourable results in both the Assembly polls and the Rajya Sabha nominations

Letters: Verify math on GST

He also accused the Congress leadership of that time for accepting India's Partition on the basis of religion

When Shah criticised Nehru

Old-timers said the three leaders knew each other since their days in student politics and the J P Movement during the Emergency

Friends and foes

A Bharatiya Janata Party leader said Rai, now in judicial custody, was a victim and not the conspirator

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