File photo of Shaktikanta Das. (Photo: PTI)

Shaktikanta Das Takes Charge As 25th RBI Governor

Shaktikanta Das today took charge as the 25th governor of the Reserve Bank of India.

The government yesterday appointed Das as RBI governor for three years following the sudden resignation of Urjit Patel days before the central bank’s board meeting.

A 1980 batch IAS officer from the Tamil Nadu cadre, Das is a member of the Fifteenth Finance Commission. He also represents India at the G-20 in the role of a sherpa.

Das was the economic affairs secretary to the Indian government till May 2017 and was in office when demonetisation was announced. During that period, Das was often seen defending the government’s decision even as the RBI remained silent.

Das toed the government’s line that demonetisation would help reduce unaccounted wealth in the economy, bring down the problem of counterfeit money and help push digital payments. He had also countered the concerns over the growth impact of demonetisation by saying that any short-term dip in growth has been factored in.

Since he left the Finance Ministry, Das retreated from debates around current economic issues. As such, he is yet to weigh in on some of the issues of dispute between the RBI and the government.

Also read: Shaktikanta Das Has The Skill Set To Bridge RBI-Government Divide, Brokerages Say