Shaktikanta Das reappointed as RBI Governor, term extended by another 3 years from this date

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Updated: October 29, 2021 8:20 AM

The center government has re-appointed Shaktikanta Das as the Governor of the Reserve Bank of India (RBI) for a period of three years.

Shaktikanta DasHowever, the governor warned that core inflation still remains elevated and needs to be addressed. (File/Reuters)(Image: REUTERS)

The center government has re-appointed Shaktikanta Das as the Governor of the Reserve Bank of India (RBI) for a period of three years. Shatikanta Das’ re-appointment as the top banker of the country will come into effect from December 10, or until further orders, whichever is earlier, the official notification said. Shatikanta Das was appointed as the 25th Governor of the RBI in December 2018, succeeding Urjit Patel. Shaktikanta Das, a 1980 batch IAS officer from the Tamil Nadu cadre has earlier served as a Secretary in the Department of Revenue and the Department of Economic Affairs at Ministry of Finance.

Shaktikanta Das has been at the helm of affairs since the end of 2018, but prior to his appointment as the RBI governor, the former IAS officer was acting as Member, 15th Finance Commission and G20 Sherpa of India. Das brings with himself a vast experience in various areas of governance, spanning over 38 years. He has held important positions in the Central and State Governments in the areas of Finance, Taxation, Industries, and Infrastructure among others. 

The former Secretary in the Ministry of Finance has directly associated with the preparation of as many as 8 Union Budgets.Shaktikanta Das is a postgraduate from St. Stephen’s College, Delhi University. Since his appointment, Shaktikanta Das has chaired 17 Monetary Policy Committee (MPC) meeting. These included the MPC meetings held just the Covid-19 pandemic was stepping foot in geographies across the globe.

64-year-old Shaktikanta Das in his most recent role as the RBI governor took the center stage in making sure India’s financial system held its ground during the pandemic. Shaktikanta Das was at the helm of affairs when interest rates were brought down to historic lows and borrowing schemes were unveiled for every segment of the society to help them survive the pandemic.

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