The Central Government has decided to give three-year extension to the current RBI Governor Shaktikanta Das. The cabinet’s selection committee has given approval to extend the tenure of Das. His next term as the next governor of the central bank RBI will start from 10 December 2021. Since 1992, that is, in the last nearly three decades, almost all governors have held office for about five-six years except Raghuram Rajan and Urjit Patel.
The next term of Shaktikanta Das will be effective till December 2023 or till further orders. He assumed this position in December 2018 as the 25th governor of the central bank. Shaktikanta Das is a 1980 batch IAS officer from Tamil Nadu cadre and has worked as Secretary, Department of Revenue and Secretary, Department of Economic Affairs.
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Only Raghuram Rajan and Urjit Patel’s tenure shortened in three decades.
In the last three decades, only Raghuram Rajan and Urjit Patel were RBI governors who did not get a second term. Out of this, Raghuram Rajan had completed his first term but Urjit Patel resigned without completing his first term due to personal reasons. Talking about the last three decades, C Rangarajan from 1992 to 1997, Bimal Jalan from 1997-2003, YV Reddy from 2003 to 2008, D Subbarao from 2008 to 2013, Raghuram Rajan from 2013 to 2016 and Urjit Patel from 2016 to 2018. . Patel is followed by Shaktikanta Das as the governor since December 2018.
38 years of experience of working with Govt.
Shaktikanta Das is the Governor of RBI since 2018. Prior to this he has served as a member of the 15th Finance Commission and the G20 Sherpa of India. He has worked closely with the central and state governments on finance, taxation, industries and infrastructure etc. He has been working closely with the government for the last 38 years. So far 8 have played their important role in making the Union Budget. Apart from this, he has also headed 17 Monetary Policy Committees. Under his leadership, it was decided to keep the rates at a historical low level to overcome the shock to the Indian economy due to the impact of the Corona epidemic.
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