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A day after the RBI Governor Urjit Patel stepped down, the government today appointed Shaktikanta Das, a 1980 batch IAS officer from Tamil Nadu cadre, as the new governor of the Reserve Bank of India (RBI). With this, he will become the 25th Governor of the central bank. The Appointments Committee of the Cabinet has approved his appointment for a period of three years.
Das, who is believed to be close to Prime Minister Narendra Modi, was the Economic Affairs Secretary when the prime minister announced demonetization in November 2016. He is currently a member of the Finance Commission of India, and the government’s representative at the Group of 20 summits.
He was India’s Sherpa to G20. During his career as an IAS officer, he served in various capacities for the Indian and Tamil Nadu governments. His appointment comes three days ahead of a crucial meeting of the RBI Board on Friday.
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