Government reappoints Shaktikanta Das as RBI governor for three more years

The central government reappointed Shaktikanta Das as the governor of the Reserve Bank of India for three more years. Shaktikanta das on October 25 had listed a number of irregularities detected by the central bank, NDTV reported.

“The Cabinet Appointments Committee has approved the reappointment of Shaktikanta Das as the Governor of the Reserve Bank for another three years after December 10, 2021, or until further orders, whichever is earlier,” read an official statement.

Mr. Das was the secretary in the Department of Economic Affairs at the Finance Ministry where he was appointed as the chief of the Reserve Bank on December 11, 2018, for a period of three years.

Apart from finance, he has held important positions in the Central and State Governments in the areas of Taxation, Industries, Infrastructure, etc. He is a postgraduate from St. Stephen’s College, Delhi University. He has experience in governance since the start of his career at RBi and served as India’s Alternate Governor in the World Bank.

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Shaktikanta Das was directly associated with the preparation of as many as eight union budgets, during his long tenure in the Finance Ministry. He also served as alternative governor in the Asian Development Bank, New Development Bank, and Asian Infrastructure Investment Bank. Earlier the former governor Urjit Patel resigned from his position after issues raised upon RBI’s autonomy. Mr Das was then replaced Urjit Patel.