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Reserve Bank Governor Shaktikanta Das is days far from finishing his 2nd term at the helm of the reserve bank
File picture of RBI Governor Shaktikanta Das
Reserve Bank of India Governor Shaktikanta Das, nearing the conclusion of his 2nd term, continues to be at the centre of interest as conversations concerning his future collect energy. With his period noted by important financial choices and constant management, the limelight is securely on among India’s most significant policymakers throughout this turning point for the reserve bank.
Das on Friday avoided a question on his future as the RBI Governor.
Das was responding to an inquiry on whether he has actually listened to anything from the federal government if he will certainly be proceeding hereafter term.
” I am not offering you any kind of heading and I believe it is much better we adhere to financial plan,” Das told reporters at the RBI headquarters at the customary post-policy interaction on December 6.
The career bureaucrat-turned-central banker’s term is ending on December 10. This is the second three-year extension granted to Das and he is already one of the longest-serving RBI governors in its 90-year history.
In 2021, the government announced an extension to Das’s tenure, a month before his term was coming to an end.
A panel comprising Prime Minister Narendra Modi and Home Minister Amit Shah will be taking a call on appointing the next governor of the RBI.
Das had assumed office at a very rocky time for the RBI, succeeding Urjit Patel who had decided to quit before the end of his tenure. Over the past six years, Das has dealt with a slew of challenges including Covid-19 and wars in Ukraine and the Middle East.
First Appointment As RBI Governor In 2018
Das was first appointed as the 25th governor of the RBI in December 2018 for a term of three years and later granted a three-year extension in 2021. He succeeded Urjit Patel on December 12, 2018.
Prior Experience
Before this, Das, who is a retired 1980-batch IAS officer of the Tamil Nadu cadre, served as the economic affairs secretary, revenue secretary and fertiliser secretary. He also also India’s Alternate Governor in the World Bank, ADB, NDB & AIIB. In the Tamil Nadu government, he has also served as the principal secretary (industries), special commissioner (revenue), and secretary (revenue).
RBI Governor Shaktikanta Das Education Qualification
Born in Bhubaneswar, Das, 67, earned bachelor’s and master’s degrees in history from St. Stephen’s College, University of Delhi.
Leadership Recognition
Shaktikanta Das was recently named the top central banker by Global Finance for the second consecutive year in 2024, with an A+ rating for his leadership in guiding the RBI through challenging economic times.
RBI MPC December 2024
The RBI opted for a status quo on rates for the 11th consecutive time on Friday, amid growing calls to address the slowdown in GDP growth in the July-September quarter at 5.4 per cent.
On Friday, Das made it clear that the RBI has actually been serving as per the versatility supplied by the laws to the reserve bank, making it clear that its initiative is to maintain the rising cost of living equine on limited chain.
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