Former Reserve Bank of India (RBI) Governor Raghuram Rajan recently revealed that his salary as Governor was only Rs 4 lakh per year. He also admitted that he is not aware of the current salary of the RBI Governor. But when he was the RBI Governor, he definitely got a big house to live in. Let us also tell you what Raghuram Rajan said regarding the salary and pension received by the RBI Governor.
Salary was Rs 4 lakh
Speaking on Raj Shamani’s “Figuring Out” podcast, Rajan said that the biggest advantage of being governor was that he got to live in a big house which was very close to Dhirubhai Ambani’s house. Rajan said that I do not know what is the salary of the RBI Governor at present? But in my time this salary used to be Rs 4 lakh per year. A very big house was also available for living, which was some distance away from Dhirubhai Ambani’s house on Malabar Hill in Mumbai.
equivalent to cabinet secretary
Raghuram Rajan, 60, served as the RBI governor between 2013-2016. He further revealed that his salary was equal to that of a Cabinet Secretary. He told that he also got medical facilities during his tenure. But he did not get pension. Rajan said that I think his salary was equal to that of a Cabinet Secretary. In this service you do not get other facilities which government officials get, you do not get pension.
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Why don’t you get pension?
Elaborating on why the RBI Governor is not eligible for pension, Rajan said that he was in the civil service. He gets pension from his civil service. He said that the reason why most of the RBI governors did not get pension was that they were civil servants. Therefore, he was already getting pension from his civil service. But there was also one officer who was not a civil servant, I will not take his name… but he was entitled to pension because of his many years of service to RBI and the government. Rajan’s new book is “Breaking the Mould: Reimagining India’s Economic Future”, which he has written with Rohit Lamba. This book has been released on 7 December.
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