Dr. Arvind Subramanian, former Chief Economic Advisor to the Government of India, and Prof. Jean Dreze, noted development economist, will also be in the panel.
The varsity found itself in the middle of a controversy after political commentator Mehta and economist Subramanian resigned.
Finance Minister Nirmala Sitharaman's plan to sell bonds overseas comes as PM Modi faces shrinking options to raise funds.
India continued to be the fastest growing big economy during 2018 with its GDP rising at above 7 per cent, after having slipped to 6.7 per cent in the previous financial year.
Noting that system has been singularly ineffective in bringing even a single high profile fraudster to book, Rajan said, frauds are different from normal non-performing assets.
Read the complete transcript of Raghuram Rajan's note to Parliamentary Estimates Committee on banking NPAs.
In an interview, Rajan said it was important for the RBI to continue to give signal that it would keep inflation under check.
Rajan also made a case for strengthening the recovery process and distance public sector banks from the government.
No wonder with the opposition using it for political advantage, government spokespersons had been rushing to explain that demonetisation was not a complete failure.
After Pranab Mukherjee in Nagpur, RSS outfit calls former RBI governor Raghuram Rajan for Chicago event
In yet another potentially controversial move, the World Hindu Economic Forum to be organized at Chicago in September this year has Rajan as one of the speakers.
Former Reserve Bank of India chief Raghuram Rajan said on Wednesday he did not intend to apply for the job of Bank of England governor which is due to come vacant next year.
Raghuram Rajan has said that he had made it quite clear to the government that the demonetisation was "not a good idea" and that its implementation was "not well-planned"
Trump has mentioned India along with China several times over the last few months in the context of reciprocal taxes, alleging unfair import duties on American products and violation of WTO
Hard to figure out the actual impact of demonetisation, especially on the informal sector: Raghuram Rajan
He reiterated that he had told the government in early 2016 that the short-term consequences of the note-ban exercise would outweigh the long-term benefits.
Mergers in the banking sector have a better chance of succeeding if they are done when the balance sheets are healthy, according to former Reserve Bank governor Raghuram Rajan.