NEW DELHI: RBI Governor Raghuram Rajan, currently in the eye of the storm over his ‘one-eyed is king among blind’ remark, may be the most powerful person at the central bank, but he does not appear to be the top-paid one!
As per the latest details published by the Reserve Bank of India (RBI) under the Right To Information Act, Rajan’s total ‘monthly emoluments’ stood at Rs 1,98,700. This included a basic pay of Rs 90,000, Dearness Allowance of Rs 1,01,700 and ‘others’ of Rs 7,000.
However, the ‘monthly emoluments’ were higher than that of Rajan in case of at least three others — Gopalkrishna Sitaram Hegde (Rs 4 lakh), Annamalai Arappuli Gounder (Rs 2,20,355) and V Kandasamy (Rs 2.1 lakh), as per the RBI’s list of ‘monthly emoluments of employees’.
The latest available public figures, published by RBI on its website under the RTI Act, are for the period of June-July 2015 and it could not be ascertained whether these three persons are still with the RBI.
While RBI did not disclose their designations along with the ‘monthly emoluments’, Hegde has served as its ‘Principal Legal Advisor’ in the past.
The total emoluments for Hegde and Kandasamy did not include basic pay or DA components.
Repeated queries sent to Alpana Killawala, the RBI spokesperson, did not elicit any response including on the latest salary figures of the top executives including Rajan.
Interestingly, the published monthly emoluments of Killawala, designated as Principal Adviser in Department of Communications at RBI, were higher than that of the four Deputy Governors and 11 Executive Directors whose pay packages have been made public by the central bank on its website.
In RBI hierarchy, the Governor is followed by the four Deputy Governors (DGs) and then by the EDs, while the heads of various departments come thereafter.(Agencies)
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