Mumbai : Shaktikanta Das, the former senior IAS officer who retired as the economic affairs secretary to government of India early this year, has been appointed the Reserve Bank of India governor on Tuesday. Das’ tenure is three years from the day he joined the RBI.
Das, a man from Odisha, has replaced Urjit Patel who quit over a spat with the finance ministry. The 1980 batch Tamil Nadu cadre IAS officer, was a member of the 15th Finance Commission after his retirement from the service. He was the government representative at the G-20 summits.
On Das being appointed as RBI governor, the Odisha chief minister has congratulated the first Odia officers to hold the high post in RBI.
Das being the economic affairs secretary was associated with the RBI activities. He had played a significant role in the demonetisation of Rs 500 and Rs 1000 notes in 2016.
Das is now on a hot seat as the nation watching how RBI is going to handle the pressure from the finance ministry. As the next RBI Board meeting is going to be held on December 14, Das’ ability to run the country’s federal bank would be tested.