Shaktikanta Das, a retired Economic Affairs Secretary, has been appointed the new governor of the Reserve Bank of India (RBI) on Tuesday. The 63-year-old former bureaucrat’s appointment comes in the wake of former governor Urjit Patel’s abrupt resignation.
While Patel stepped down as governor of the RBI with immediate effect on Monday, the appointments committee of the cabinet has cleared Das’ appointment for a period of three years. The 1980-batch Tamil Nadu cadre IAS officer was brought to the Finance Ministry after the BJP-led National Democratic Alliance (NDA) government came to power in 2014.
Following are five things all the UPSC/ competitive exam aspirants should know about 25th RBI governor.
The government on Tuesday appointed Das as the new RBI governor.
Das replaced Urjit Patel, who surprisingly resigned from the central bank on Monday amid growing differences with the government over a range of subjects.
Das is a history graduate from the prestigious St. Stephen's College in Delhi. He is a 1980-batch Tamil Nadu cadre IAS officer.
Das was named India's G-20 Sherpa and also appointed as a member of the 15th Finance Commission.
Das oversaw the re-monetisation of the economy after the shock decision to withdraw 86 per cent of the currency in circulation in November 2016.
Name: Shaktikanta Das
Designation: 25th Governor of the Reserve Bank of India
Incumbent: Assumed office on December 12, 2018
Appointed by: Appointments Committee of the Cabinet
Personal details
Born: February 26, 1957 (age 61)
Place of birth: Odisha, India
Nationality: Indian
Alma mater:
Stephen's College, University of Delhi
Indian Institute of Management Bangalore
Indian Institute of Management Calcutta
Administrative Staff College of India
Institute of Public Enterprise
National Institute of Bank Management
Himachal Pradesh Institute of Public Administration
Institute of Management in Government
Education:
Schooling from Demonstration Multipurpose School, Bhubaneswar, and then pursued bachelor's (BA) and master's degrees (MA) in history from the St. Stephen's College at the University of Delhi. Also did advanced financial management course from Indian Institute of Management Bangalore and development banking and institutional credit from the National Institute of Bank Management.