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- Former RBI Governor Shaktikanta Das Appointed Principal Secretary to Prime Minister
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Prime Minister Narendra Modi was presented a memento to Prime Minister Narendra Modi by RBI Governor Shaktikanta Das during a ceremony held on 1 April 2024 in Mumbai.
Former RBI Governor Shaktikanta Das was appointed as Principal Secretary to the Prime Minister of India on Saturday.
In the notification issued by the Appointment Committee in the Central Government, it was said that the appointment of Shaktikanta Das has been approved as Principal Secretary-2 of the Prime Minister. His appointment will continue with the tenure of the Prime Minister or till further orders.
The tenure of former Reserve Bank of India (RBI) Governor Shaktikanta Das ended on 10 December 2024. Shaktikanta Das was made RBI Governor on 12 December 2018. His tenure was later extended for three years. In 75 days of retirement, he reached the Prime Minister’s Office (PMO).
Apart from Das, the Prime Minister has another principal secretary named PK Mishra. He is a 1972 batch IAS officer from Gujarat cadre.
Shaktikanta Das is a 1980 batch IAS officer Shaktikanta Das is a 1980 batch IAS officer. He is an officer of Tamil Nadu cadre. As of May 2017, he was the secretary of Economic Affairs. He became the 25th Governor of the country. Even when demonetisation took place in November 2016, Das was on the main front. Das has been in various positions. Das also worked as a member in the 15th Finance Commission. Das has represented India in BRICS, International Monetary Fund and SAARC. He is a post graduate from Stephen College, Delhi.
Important work done by Das …
1. Elected top-bunkers of the world twice in a row
Shaktikanta Das was elected the top central bankers in the world twice in 2023 and 2024. Shaktikanta Das received A+ grade in Central Bank Report Card 2023 and 2024. The award gives global finance in the US Washington DC. Shaktikanta Das was given this honor for control on inflation, economic growth, stability in currency and control of interest rates.
2. Keep the economy stable between Korona epidemic and war As RBI Governor, Das played an important role in keeping the Indian economy stable in crises such as the most unstable eclipse epidemic for India and the world, Russia-Ukraine War and Israel-Hamas conflict. During the corona, RBI led Das implemented new and old economic policies and measures to maintain liquidity and asset quality.
3. Yes Bank and Lakshmi Vilas Bank saved from being colored The challenges that Das faced successfully included the IL&FS crisis. Due to this, non-banking finance companies (NBFC) had suffered a lot of damage. He saved Yes Bank and Lakshmi Vilas Bank from being colored.
4. Necessary changes in repo rate to promote growth When Das took charge in 2018, the repo rate was at 6.50%. Under his leadership, RBI reduced it to 4% to promote economic growth. Later it was re -increased to 6.50% to control inflation.
5. Banks contribute to reducing NPA and increasing profits During Das’s tenure, the non-performing asset of the country’s listed banks, ie NPA, came to a low of 2.59% by September 2024, while it was 10.38% in December 2018. During this period, the profitability of the banks also booured and the banks recorded a profit of Rs 2.63 lakh crore in FY 2023, while in FY 2018, banks had a loss of Rs 32,400 crore.
Shaktikanta Das is a 1980 batch IAS officer Shaktikanta Das is a 1980 batch Civil Services Officer (IAS) officer. He is an officer of Tamil Nadu cadre. As of May 2017, he was the secretary of Economic Affairs. He became the 25th Governor of the country. Even when demonetisation took place in November 2016, Das was on the main front.
Das has been in various positions. He also worked as a member in the 15th Finance Commission. India has represented BRICS, International Monetary Fund and SAARC (SAARC). He is a post graduate from Stephen College, Delhi.
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Sanjay Malhotra will be the new Governor of RBI: will take over on December 11, will replace Governor Shaktikanta Das for 6 years
The government has appointed Revenue Secretary Sanjay Malhotra as the new Governor of Reserve Bank of India (RBI). He will be the 26th Governor of the RBI and will replace the current Governor Shaktikanta Das.
Das’s term is being completed on 10 December 2024. From December 11, Malhotra will take over as Governor. The cabinet today approved Sanjay Malhotra’s appointment on 9 December.
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(Tagstotranslate) Former RBI Governor Shaktikanta Das Appointed Principal Secretary to Prime Minister
