Shaktikanta Das: The Appointments Committee of the Cabinet (ACC) recently approved the reappointment of Shri Shaktikanta Das as Governor of Reserve Bank of India (RBI) for a period of three years.
- The re-appointment is effective from December 10, 2021, or until further orders, whichever is earlier.
About Shaktikanta Das:
- Shri Shaktikanta Das a postgraduate from St. Stephen’s College, Delhi University.
- He is a former Secretary, Department of Revenue and Department of Economic Affairs at Ministry of Finance.
- He had assumed charge as the 25th Governor of the Reserve Bank of India on December 12, 2018.
- Immediately prior to his current assignment, he was acting as Member, 15th Finance Commission, and G20 Sherpa of India.
- During his 38 years of career, he has held important positions in the Central and State Governments in the areas of Finance, Taxation, Infrastructure, Industries, etc.
- During his tenure in the Ministry of Finance (MoF), he was directly associated with the preparation of as many as 8 Union Budgets.
- He also served as India’s Alternate Governor in the World Bank, Asian Development Bank (ADB), New Development Bank (NDB), and Asian Infrastructure Investment Bank (AIIB). Besides, Das has represented India in international fora like the IMF, G20, BRICS, SAARC, etc.
About RBI:
- It refers to the Reserve Bank of India.
- The RBI is India's central bank, which controls the issue and supply of the Indian rupee.
- It carries out India's monetary policy and exercises supervision and control over banks and non-banking finance companies in India.
- RBI was set up in 1935 under the Reserve Bank of India Act,1934.
- It was nationalized in 1949.
- It is headquartered in Mumbai.
- Note: It was first headquartered in Kolkata, West Bengal
- RBI plays an important part in the Development Strategy of the Government of India (GoI).
- The current Governor of RBI is Shaktikanta Das.
