Economy

Shaktikant Das is the 25 governor of Reserve Bank of India

shaktikant das

Now after the resignation of Urjit Patel as RBI governor, former Economic Affairs Secretary Shaktikanta Das has been named as the new governor of Reserve Bank of India. RBI and Centre have been in loggerheads over several issues. The appointment committee of the cabinet today approved Shaktikanta Das’ name. He will be 25 governors of RBI. earlier was a member of the 15th Finance Commission of India

Das, 61, is former finance secretary and currently a member of the federal finance commission, and one of India’s serving G20 representatives

He previously served on the central bank’s board. Das came under fire for his pro-demonetization stance and he was the most visible and vocal bureaucrat at the time Modi withdrew the high-value banknotes in 2016. Last year, Das criticised the methodology of global rating agencies and sought a sovereign rating upgrade. Das has worked extensively in the budget division under both Modi’s government and the previous coalition led by the Congress.

Who is Shaktikanta Das -: He is a retired 1980 batch IAS officer of Tamil Nadu cadre, graduated in BA and postgraduate in history from St.Stephen College Delhi University. He is the 25th governor of the RBI and, and India’s Sherpa to G 20. During his career as an IAS officer, he served in various capacities for Indian and Tamil Nadu Government, including as  Economic Affairs Secretary of India, Revenue Secretary of India, Fertilizers Secretary of India. 

Das has been in various positions for both the Centre and state government of Tamil Nadu, like as Principal Secretary (Industries), Special Commissioner (Revenue), Secretary (Revenue), Secretary (Commercial Taxes), project director of Tamil Nadu State AIDS Control Society and as the district magistrate and collector of Dindigul and Kancheepuram districts in TN government and as Union Economic Affairs Secretary,Union Revenue Secretary, Union Fertilizer Secretary, special secretary in the Department of Economic Affairs of the Ministry of Finance and as a joint secretary in the Department of Expenditure of the Ministry of Finance in the Indian Government.

Das also had a stint with Mahindra Industrial Park Ltd, on deputation to a private sector company under Rule 6(2)(ii) of the Indian Administrative Service (Cadre) Rules, 1954.

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