<p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family:
"Times New Roman",serif">The Appointments Committee of the Cabinet (ACC) has
approved a series of high-level administrative changes, ushering in new
leadership at the helm of the Chennai Port Authority and the Reserve Bank of
India (RBI). These strategic appointments, involving seasoned bureaucrats and
central bank insiders, are expected to provide fresh impetus to India’s
maritime infrastructure and monetary policy execution.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family:
"Times New Roman",serif">Sachin Sharatachandra Kurve, a 2003-batch Indian
Administrative Service (IAS) officer of the Uttarakhand cadre, has been
officially designated as the new Chairperson of the Chennai Port Authority.
Operating under the Ministry of Ports, Shipping, and Waterways, Kurve will hold
the position at the Joint Secretary level for a tenure of five years. His
appointment comes at a critical juncture as the Chennai Port—one of India's
oldest and most vital maritime gateways—seeks to modernize its operations and
expand its logistics capabilities. Kurve succeeds Sunil Paliwal, a 1993-batch
officer who was recently transitioned to lead the Inland Waterways Authority of
India (IWAI).<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family:
"Times New Roman",serif">Simultaneously, the nation’s financial regulatory
landscape sees a major elevation with the appointment of Rohit Jain as the
Deputy Governor of the Reserve Bank of India. Jain, who is currently serving as
an Executive Director at the RBI, is slated to assume his new office on May 3,
2026, for a period of three years. Having spent years within the central bank’s
senior administration, Jain’s promotion reflects the government’s preference
for internal continuity and deep-rooted expertise in banking supervision and
policy-related functions.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;line-height:107%;font-family:
"Times New Roman",serif">The transition at the RBI follows the retirement of T
Rabi Sankar, who stepped down last month after a distinguished tenure. While
Jain’s specific portfolio is yet to be formally assigned, he enters the top
tier of the RBI’s leadership as the bank continues to navigate complex global
economic headwinds and the evolving digital currency landscape. Together, these
two appointments underscore the government’s focus on placing experienced
leadership at the forefront of India’s key economic and infrastructural pillars.<o:p></o:p></span></p>
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