Finance Minister P Chidambaram informed reporters that the government was looking out for a new Governor for Reserve Bank of India (RBI). It is learnt that the present Governor D Subbarao is due to retire in September. The government is reportedly considering some names like the Planning Commission member Saumitra Chaudhuri, Economic Affairs Secretary Arvind May
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India yet to decide on opening Stilwell Road
Retired Gen JJ Singh, former chief of IndiaÂ’s army and now governor of the frontier state of Arunachal Pradesh, has strongly pushed for reopening of the World War II-era Stilwell Road as potential commercial benefits are weighed against national security concerns. He argues that it should be opened to enable trade and traffic with Burma and China.