Ex RBI Governor Appointed

Image credits: NDTV

Shaktikanta Das, the former Governor of the Reserve Bank of India, has been appointed as the Principal Secretary to Prime Minister Narendra Modi. This appointment is significant, given Das' vast experience in various areas of governance, including finance, taxation, industries, and infrastructure, spanning over four decades. As the RBI Governor, Das played a crucial role in steering the Indian economy through the COVID-19 pandemic, implementing several conventional, unconventional, and innovative policy measures to support growth and strengthen financial stability.

Das' tenure as RBI Governor was marked by his efforts to address liquidity concerns in the non-banking financial sector, strengthen the regulatory framework for banks and financial institutions, and maintain macroeconomic and financial stability. He also represented India at international forums, including the International Monetary Fund, the G-20, and BRICS. With his appointment as Principal Secretary to PM Modi, Das is likely to bring his expertise in both fiscal and monetary policy to the role, which will be crucial in navigating the challenges facing the Indian economy, including trade wars, rupee volatility, and a broader slowing down of the economy.

The appointment of Das as Principal Secretary to PM Modi is also notable for his experience in handling tricky situations, including the implementation of the Goods and Services Tax and the government's response to demonetization. As Secretary, Economic Affairs, Das was entrusted with the task of overseeing the re-monetization of the economy after the shock decision to withdraw 86% of the currency in circulation in November 2016. He has also been instrumental in several pathbreaking decisions and overhaul of the regulatory framework, including the transfer of surplus funds to the government and the restructuring of loans.

Das' experience and expertise will be valuable in shaping the government's economic policies and responding to the challenges facing the Indian economy. His appointment is co-terminus with the term of the Prime Minister or until further orders, whichever is earlier. The government's decision to appoint Das as Principal Secretary to PM Modi reflects the importance of his role in shaping the country's economic future. With his extensive experience in governance and finance, Das is well-equipped to provide strategic guidance and support to the Prime Minister. His ability to navigate complex economic issues and find innovative solutions will be crucial in addressing the challenges facing the Indian economy.

In conclusion, the appointment of Shaktikanta Das as Principal Secretary to PM Modi is a significant development, given his vast experience and expertise in governance and finance. His role will be crucial in shaping the government's economic policies and responding to the challenges facing the Indian economy. The following are some key points related to Das' appointment: * He has been appointed as Principal Secretary to PM Modi * His appointment is co-terminus with the term of the Prime Minister or until further orders * He has vast experience in governance and finance, spanning over four decades * He played a crucial role in steering the Indian economy through the COVID-19 pandemic * He has represented India at international forums, including the International Monetary Fund, the G-20, and BRICS * He has been instrumental in several pathbreaking decisions and overhaul of the regulatory framework