Jalan may enter Rajya Sabha
There is a move to effect a change of guard at the Reserve Bank of India (RBI).
Governor Bimal Jalan, whose current extended tenure ends in October 2004, may be brought in as a member of the Rajya Sabha (in which three vacancies for nominated members are due to be filled by August 26).
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Subsequently, Jalan is expected to be entrusted with additional responsibility.
No decision on this has been taken as yet. Speculation has begun in New Delhi on Jalan