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RBI governor Shaktikanta Das to remain in office for three more years

Updated on Oct 30, 2021 06:57 AM IST

A postgraduate from St. Stephen’s College in New Delhi, Das has more than four decades of experience in various areas of governance as a career bureaucrat.

haktikanta Das has also served as India’s alternate governor in the World Bank and Asian Development Bank.
By, New Delhi

The Union government has extended the tenure of Reserve Bank of India (RBI) governor Shaktikanta Das by three years starting from December 10, 2021, according to a statement released on Friday.

He was appointed as RBI governor in December 2018, replacing Urjit Patel.

“The Appointments Committee of the Cabinet (ACC) has approved the reappointment of Shri Shaktikanta Das… as governor, Reserve Bank of India, for a period of three years beyond December 10, 2021 or until further orders, whichever is earlier,” the statement said.

The ACC is headed by Prime Minister Narendra Modi.

A postgraduate from St. Stephen’s College in New Delhi, Das has more than four decades of experience in various areas of governance as a career bureaucrat.

A 1980-batch IAS officer of the Tamil Nadu cadre, he held several positions in the state and central governments in the areas of finance, taxation, industries, and infrastructure. He was directly associated with the preparation of eight Union budgets, and worked as secretary in the department of revenue (DOR) and department of economic affairs (DEA), where he spearheaded the 2016 demonetisation of 500 and 1,000 currency notes.

Before his appointment at the central bank as India’s 25th RBI governor, Das served as a member of the 15th Finance Commission, and as India’s G20 Sherpa.

Shaktikanta Das has also served as India’s alternate governor in the World Bank, the Asian Development Bank, the New Development Bank, and the Asian Infrastructure Investment Bank. He has represented India in international forums involving the International Monetary Fund, G20, Brics and Saarc.

The extension is longer than the norm of a two-year term in the last two decades.

Das’ re-appointment will ensure continuity at a critical juncture for the economy that is emerging out of the devastation caused by the Covid-19 pandemic.

With inputs from PTI

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