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If reappointed, Das will certainly end up being the 2nd RBI guv to have his term expanded two times.
It is not yet clear whether Shaktikanta Das will certainly get a complete three-year term or a much shorter expansion.
Governor Shaktikanta Das is anticipated to proceed in his placement once his present term finishes inDecember Das, that has actually successfully taken care of the delicate function, is viewed as a solid prospect for an expansion.
According to a record by Moneycontrol, individuals accustomed to the scenario verified that the Ministry of Finance has actually currently suggested Shaktikanta Das’ reappointment to the Appointments Committee of Cabinet (ACC), and a decision is anticipated quickly.
“It is expected that he would certainly proceed workplace for 2 even more years after his present term upright December 12,” a person with knowledge of the matter told Moneycontrol.
Uncertainty Over Extension Tenure
It is not yet clear whether Das will receive a full three-year term or a shorter extension. However, sources suggest that he may continue in office for another two years beyond his current tenure, which concludes on December 12.
Reports Indicate Continued Tenure
Reuters initially reported on November 18 that Das is most likely to stay as guv.
The delay in the reappointment process is partly attributed to the code of conduct in place for state elections in Maharashtra and Jharkhand, which may have postponed the official announcement.
Das Set to Become One of the Longest-Serving RBI Governors
If reappointed, Das will become the second RBI governor to have his term extended twice. Should his tenure extend beyond one year, he will join the ranks of the longest-serving RBI governors in history.
Leadership Recognition
Das succeeded Urjit Patel as RBI Governor on December 12, 2018, and was reappointed for a second term in December 2021. He 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 Governor Shaktikanta Das Hospitalised
Shaktikanta Das was hospitalised in Chennai on November 25 due to issues related to ‘acidity,’ and is now doing fine.
Das was admitted to Apollo Hospital for observation.
“He is now doing fine and there is no cause of concern. He will be discharged shortly,” a clinical publication released by Dr R K Venkatasalam, Director Medical Services, Apollo Hospitals, stated.
Meanwhile, a RBI agent stated, “Das knowledgeable level of acidity and was confessed to Apollo Hospital, Chennai for monitoring.” “There is no cause for concern”, the agent included.
