RBI Governor Shaktikanta DasThe government has extended the term of Reserve Bank of India Governor Shaktikanta Das by another three years upto December 2024, according to an official order.
Das was appointed the RBI's 25th governor on 11 December 2018, initially for a period of three years.
An official order dated 28 November said the government has reappointed Das as the governor of the central bank for a period of three years beyond 10 December 2021.
The decision was taken by the Appointments Committee of Cabinet headed by Prime Minister Narendra Modi.
With the second term of three years, Das will head the RBI till December, 2024.
A career bureaucrat, Das was first appointed in 2018 as RBI governor, after his predecessor Urjit Patel quit.
Das was earlier the economic affairs secretary in the Finance Ministry from 2015 to 2017, and worked closely with the central bank.
Under Das, the Reserve Bank endeavored to support growth and maintain liquidity through the worst of the pandemic by slashing interest rates and pursuing quantitative easing, reports Times of India.
(With inputs from PTI)
An Appeal...
Dear Reader,
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.