Archive · 21 Sep 2025
RBI Deputy Governor Race, Gold Bonds, Chickpeas, and Political Legacy
Several key events are unfolding.
The government is considering potential candidates to replace RBI Deputy Governor M. Rajeshwar Rao whose term is ending in October 2025.
RBI halted issuing sovereign gold bonds after gold prices rose.
Chickpea traders are facing problems due to mislabeled imports from the Gulf region, distorting the local market.
In Karnataka, Chief Minister Siddaramaiah may be positioning his grandson Dhawan to take over his political legacy, as Dhawan attends community events.
These events are unfolding simultaneously across various sectors, including finance, trade, and politics.
RBI Executive Directors are candidates for Deputy Governor.
RBI suspended fresh sovereign gold bond issuances due to high gold prices.
Chickpea imports from Russia and Turkey were mislabeled to avoid customs duties.
These imports are affecting the domestic market.
Karnataka CM Siddaramaiah seems to be grooming his grandson, Dhawan.
- Who
- RBI, mutual fund distributor, traders, Karnataka CM Siddaramaiah, Dhawan
- What
- Potential changes in RBI leadership, suspension of gold bond issuances, chickpea trade irregularities, CM grooming his grandson.
- When
- October 8, 2025 (extension ends); February (SGB suspension); September 2025 (publication)
- Where
- India, Gulf region
- Why
- To fill RBI Deputy Governor role; due to high gold prices; to avoid customs duties on chickpeas; to groom the CM's political heir.
- RBI Deputy Governor Candidates
- SC Murmu, Vivek Deep, Rohit Jain, RS Ratho
- Current Deputy Governor
- M. Rajeshwar Rao
- Rao's Extension Ends
- October 8, 2025
- SGB Issuances Suspended
- February
- Chickpea Issue
- Misdeclared origin to avoid customs duty
- Karnataka CM
- Siddaramaiah
- CM's Grandson
- Dhawan