Govt appoints three more directors on RBI central board

As many also appointed on local boards

Amid a controversy that a truncated Reserve Bank of India central board had approved demonetisation of high-value notes, the government on Thursday appointed three noted names to the body. 

Ashok Gulati, former chairman of the Commission for Agricultural Costs and Prices, is one. Manish Sabharwal, chairman and co-founder of recruitment consultancy TeamLease, and economist Rajiv Kumar were also named part-time non-official directors on the board, for a four-year term. 

The Appointments Committee of the Cabinet had approved the appointments. It also approved the proposal of the department of financial services for appointment of three members on the local board of