Economy

Shaktikanta Das assumes charge as RBI Governor

Shaktikanta Das assumes charge as RBI Governor

"I would not like to go into what the issues between the government and the RBI are but every institution has to maintain its autonomy and also adhere to accountability".

Mr Das gave his best wishes to former Governor Urjit Patel for his future endeavours. Patel's resignation came nearly a year before his tenure was slated to end and days before a crucial RBI meeting on December 14. A former secretary at the department of economic affairs, was appointed the governor for a period of three years.

Finance Minister Arun Jaitley termed Das as a person with "right credentials" for the RBI top job. A statement from India's Prime Minister Narendra Modi read, "Dr. Urjit Patel is a thorough professional with impeccable integrity".

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"The New RBI governor Das's educational qualification is MA (History)". Besides his edge in the government as one of the planners of demonetization, Das is also credited for being the only bureaucrat to feature in an Amul advertisement. "As he moves to the RBI, he should stand by what the institution stands for. I am not implying that nothing has been done, a lot has been done both by the government and by the RBI, several measures have been taken but many more measures also perhaps need to be taken", the governor said in Mumbai.

Shaktikanta Das who was named as the 25th RBI Governor on Tuesday, day after Urjit Patel stepped down from the post citing "personal reason", said that: "It was an honour and great opportunity to serve RBI. It's the banking sector on which I'd like to focus immediately", Das said. He retired as the Economic Affairs Secretary in May 2017. The government is not just a stakeholder but also runs the country, economy and manages major policy decisions. "With vast administrative experience, he has communication skills to deal stakeholders", Gandhi said.


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