
Raghuram Rajan's tenure as the chief of the RBI was not extended by PM Modi's government.
Highlights
- AAP offers former RBI Governor Rajan a Rajya Sabha seat: sources
- Party has three Rajya Sabha seats due to it in January
- Chief Minister Kejriwal doesn't want the seats for party leaders
On account of its blockbuster victory in the 2015 Delhi election, Chief Minister Arvind Kejriwal's party is entitled to three members in the Upper House whose term will begin in January. Sources in the party said that the Chief Minister is keen on picking professionals and "outsiders" rather than leaders from AAP for all three openings.
Mr Rajan, who headed the central bank when Prime Minister Narendra Modi initiated the plan to cancel high-value notes, teaches at the University of Chicago. Despite his interest in a second term as head of the RBI, his tenure was not extended by PM Modi's government.
In June this year, he nearly quit Team Kejriwal after a Delhi law-maker from their party accused him of being "an RSS agent" and of attempting a coup to snatch charge of AAP from the Chief Minister.