ISRO's former chief S Somnath appointed to RBI's central board

S Somanath, former chairman of ISRO, has been appointed as a part-time, non-official director on the RBI’s central board for a period of four years, effective August 20. The Centre has also re-appointed Anand Mahindra as a part-time, non-official director on the board for another four-year term. It has reduced the board’s strength to 11 directors from 15 earlier.