Bureaucrats refuse to retire is how a top government official explained the rush for a regulator’s job. Indeed, 100 applications for the post of chairman of the Competition Commission of India (CCI), 55 for the top job at Securities and Exchange Board of India (Sebi) and a few months ago as many as 77 aspirants to be the chief at Telecom Regulatory Authority of India (Trai) seem like a rush. Supplies are drying up — ex-bureaucrats are not being appointed as governors any longer, Planning Commission plum posts have disappeared, and many of the government committees are being manned by streams other than IAS, pointed out a retired civil servant who also has been a regulator. “In such a scenario, regulatory jobs have turned more attractive,’’ he said.
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