Union Cabinet’s appointment panel has reappointed Shaktikanta Das as the Reserve Bank of India (RBI) governor. The period of reappointment will continue for the upcoming three years.
This reappointment will be effective from December 10, 2021, or earlier until further notice.
According to the statement, “The Appointments Committee of the Cabinet has confirmed the reappointment of Shaktikanta Das as Reserve Bank of India Governor. This will be for a period of three years beyond 10.12.2021 or until further orders, whichever is earlier.”
Das was designated as the 25th RBI Governor in December 2018. Before this reappointment, Shaktikanta served as the 15th Finance Commission and G20 Sherpa of India. He has worked in different sectors of governance in the last 38 years.
Shaktikanta has held leading positions in the Central. He has also served various state governments in banking, tax, management, and infrastructure. He has additionally served as the Secretary in the Ministry of Finance’s Department of Revenue and Economic Affairs.
Throughout his work in the Finance Ministry, he was immediately connected with making eight Union Budgets. Shaktikanta has worked as India’s Alternate Governor in the World Bank, Asian Development Bank (ADB), New Development Bank (NDB) and Asian Infrastructure Investment Bank (AIIB).
Das has further represented India at international conferences like the *IMF, G20, BRICS, SAARC, etc. He has completed his postgraduation from St Stephen’s College, Delhi University. Shaktikanta is the leading RBI Governor to get an extension under the current BJP government.
The RBI left vital affair prices to report lows on the fiscal policy front and inspired massive rupee liquidity into the banking system. This affair was to lessen the influence of the COVID-19 crisis.
Among markets slowly gearing up for fiscal policy reforms, resistance in RBI’s best leadership is vital. Under Shaktikanta , the central bank has taken a further consultative strategy with clarity and direct communication exchanges.