RBI Governor Shaktikanta Das term extended by 3 years

New Delhi: The Narendra Modi government has decided to extend the tenure of RBI Governor Shaktikanta Das by 3 years. Now Shaktikanta Das will continue as RBI Governor till December 2024.

The term of Shaktikanta Das was ending on 10 December 2021. According to an official statement, the Appointments Committee of the Cabinet has extended the reappointment of Shaktikanta Das as the Governor of Reserve Bank of India for a period of three years with effect from 10.12.2021 or until further orders.

This decision of the government to maintain liquidity during the Corona period is considered very important. Actually, the Indian economy has also been hurt due to the Corona epidemic. In such a situation, the continuation of Shaktikanta Das in this post can help in the growth of the economy. Under the leadership of Shaktikanta Das (64), the central bank in the Corona era tried to reduce interest rates and support growth and maintain liquidity in the worst phase.

Who is Shaktikanta Das? Shaktikanta Das became the RBI Governor after the resignation of Urjit Patel. Born on 26 February 1957, Shaktikanta Das has obtained an MA degree in history from St. Stephen's College, Delhi. He is an IAS officer of the Tamil Nadu cadre. During his tenure as the Union Economic Affairs Secretary, Shaktikanta Das was considered one of the most powerful men in India. Prior to this, Das has also served as the Economic Affairs Secretary of India, Revenue Secretary of India and Fertilizers Secretary of India.

The International Monetary Fund (IMF) has predicted that India will have the fastest economic growth rate as the world's fastest economy in the next year 2022. According to IMF estimates, this growth rate in India can reach 8.5 percent.

Whereas in America this rate can be up to 5.2 percent.   Data released by the IMF says that due to the Corona crisis last year, the economic growth rate in India was minus 7.3 percent, which was estimated to improve to 9.5 percent in 2021 this year. This estimate was also much higher than any other country in the world. Now in the next year 2022 also, the growth rate has been estimated to be the highest compared to other countries.

Large experience in financial matters

The government on Friday reappointed Shaktikanta Das as the governor of the Reserve Bank of India for a period of three years after December 10, 2021. The Cabinet Committee on Appointments has approved the re-appointment of Das, a former Indian Administrative Service officer of Tamil Nadu cadre, the government said in a statement. He assumed charge as the 25th Governor of RBI with effect from December 12, 2018. Prior to his assignment in RBI, he served as a member of the 15th Finance Commission. Prior to this, he also served as Secretary in the Department of Revenue and Department of Economic Affairs, Ministry of Finance. He was directly involved in the preparation of 8 Union Budgets. Das has accumulated vast experience in Governance over the last 38 years and has worked in Finance, Taxation, and Industry as well.

About The Author

Olivia Murakami is an Indian fact-checker and news writer, writing news for Ayupp since 2014.

You Might Be Interested In

Latest On Ayupp.com