Shaktikanta Das

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Shaktikanta Das
Revenue Secretary
In office
16 June 2014 – 31 August 2015
Appointed byAppointments Committee of the Cabinet
MinisterArun Jaitley
Preceded byRajiv Thakur
Succeeded byHasmukh Adhia
Fertilizers Secretary
In office
18 April – 18 April
Appointed byAppointments Committee of the Cabinet
Personal details
Born (1957-02-26) 26 February 1957 (age 67)
D.Litt.)
OccupationRetired IAS officer
ProfessionCivil servant
Signature

Shaktikanta Das (born 26 February 1957) is serving as the current & 25th

governor of the Reserve Bank of India (RBI). He was earlier a member of the Fifteenth Finance Commission and India's Sherpa to the G20. Das is a retired 1980 batch Indian Administrative Service (IAS) officer of Tamil Nadu
cadre.

During his career as an IAS officer, Das served in various capacities for

Revenue Secretary, Fertilizers Secretary. He has also served as India’s Alternate Governor in the World Bank, ADB, NDB & AIIB. He has represented India in various international forums like the IMF, G20, BRICS, SAARC, etc.[1]

Early life and education

Born in

D.Litt. by Utkal University in 2021.[5]

Career as an IAS officer

Das served in various positions for both the

Department of Economic Affairs of the Ministry of Finance and as a joint secretary in the Department of Expenditure of the Ministry of Finance in the Indian government.[2][4]

Das also had a stint with Mahindra Industrial Park Ltd (

Mahindra World City), on deputation to a private sector company under Rule 6(2)(ii) of the Indian Administrative Service (Cadre) Rules, 1954.[4][6]

Richard Verma (right) on the signing of FATCA in New Delhi
on 9 July 2015

Revenue Secretary

Das was appointed

Union Revenue Secretary by the prime minister-led-Appointments Committee of the Cabinet (ACC) in June 2014,[7][8][9] he assumed the office of Secretary on 16 June 2014,[4] and demitted it on 31 August 2015.[4]

Economic Affairs Secretary

Das was appointed

Union Economic Affairs Secretary by the ACC in August 2014,[10][11][12] he assumed the office of Secretary on 31 August 2015,[4][12] and admitted it and simultaneously superannuated from service on 28 May 2017,[4][12] after being given a three-month extension by the government.[13][14][15]

During his tenure as

Union Economic Affairs Secretary, Das was widely regarded as one of the most powerful civil servants in India.[16][17]

Finance Commission

Post his retirement from the IAS, Das was appointed a member of the Fifteenth Finance Commission by the ACC.[18][19][20][21] In addition, he was appointed as India's Sherpa to the G20 by the ACC.[22][23][24] In December 2018, on his appointment as the governor of the Reserve Bank of India, Das resigned from his position in the Fifteenth Finance Commission.[25]

Governor of Reserve Bank of India

Das was appointed

Governor of the Reserve Bank of India by the ACC on 11 December 2018 for a period of three years, replacing Urjit Patel who had resigned the day before and has further got an extension in December 2021 for a period of three years .[26][27][28][29]

Das' appointment as RBI governor received mostly positive responses,

Governor of the Reserve Bank of India C. Rangarajan, said Das had "experience in economic affairs" and would "make a good governor".[32] Gaurav Shah, a senior vice president at Geojit Financial Services, said "a name like Shaktikanta Das carries track record, experience, credentials, credibility and respect along with him."[31]

On the other hand, Nobel laureate and professor at the

member of the Rajya Sabha (Council of the States), criticised Das, calling him a "corrupt person" at an event at the Indian School of Business in Hyderabad.[34][35]

Das assumed charge as RBI governor on 12 December 2018.[36][37][38] Reactions of the markets to Das' appointment was positive, with BSE SENSEX gaining 629 points and NIFTY 50 increasing by 188 points.[39][40][41][42]

As RBI governor, Das serves as the ex-officio chairperson of the Monetary Policy Committee of the central bank.[43][44]

He was conferred the 'Central Banker of the Year, Asia-Pacific 2020' award by the London based magazine-The Banker for his efforts to make the banking system more robust.[45]

The chief of the Reserve Bank of India, Shaktikanta Das was honoured with the title of 'Governor of the Year 2023' by the London-based financial journal Central Banking.

Das as the chief guest at the alumni meet of his school
Das (right) with Minister of Finance Arun Jaitley (centre) and the president of Confederation of Indian Industry Naushad Forbes (left)

Shri Shaktikanta Das has been rated “A+” in the Global Finance Central Banker Report Cards 2023. Shri Das has been placed at the top of the list of three central bank governors who have been rated A+.

References

  1. ^ "Reserve Bank of India". rbi.org.in. Retrieved 29 April 2021.
  2. ^
    OCLC 23379369
    . Retrieved 12 December 2018.
  3. ^ Dharmendra Pradhan [@dpradhanbjp] (26 March 2017). "Attended the alumni function of DM school, BBSR. Felicitated Sh @DasShaktikanta, Secretary Govt of India & a proud alumni of the school" (Tweet). Retrieved 12 December 2018 – via Twitter.
  4. ^ a b c d e f g h "Shaktikanta Das – Executive Record Sheet". Department of Personnel and Training, Ministry of Personnel, Public Grievances and Pensions, Government of India. Retrieved 16 December 2018.
  5. ^ "Utkal University's 50th Convocation: RBI Governor among 5 receives D.Litt degree | Sambad English". 3 April 2021.
  6. ^ "The Indian Administrative Service (Cadre) rules, 1954" (PDF). Department of Personnel and Training, Government of India. 1954. Retrieved 13 August 2017.
  7. ^ "Shaktikanta Das appointed as Revenue Secretary". Business Standard. New Delhi. Press Trust of India. 16 June 2014. Retrieved 15 January 2018.
  8. OCLC 456162874
    . Retrieved 15 January 2019.
  9. HT Media Ltd
    . 16 June 2014. Retrieved 15 January 2018.
  10. ^ "Shaktikanta Das appointed Economic Affairs Secretary; Hasmukh Adhia is new Revenue Secretary". The Economic Times. New Delhi. 29 August 2015. Retrieved 15 January 2018.
  11. OCLC 70274541
    . Retrieved 15 January 2018.
  12. ^ a b c "Shaktikanta Das Takes Charge as Economic Affairs Secretary". NDTV. New Delhi. 2 September 2015. Retrieved 15 January 2018.
  13. ^ "DEA Secretary Shaktikanta Das gets 3-month extension". The Hindu. New Delhi. 23 January 2017. Retrieved 15 January 2018.
  14. ^ "DEA Secretary Shaktikanta Das gets 3-month extension". Business Standard. New Delhi. Press Trust of India. 23 January 2017. Retrieved 15 January 2018.
  15. ^ "Govt extends Economic Affairs Secretary Shaktikanta Das' tenure by 3 months". The Economic Times. New Delhi. 24 January 2017. Retrieved 15 January 2018.
  16. ISSN 0254-8399
    . Retrieved 11 December 2018.
  17. OCLC 61311680
    . Retrieved 11 December 2018.
  18. ^ "N.K. Singh heads 15th Finance Commission, Shaktikanta Das a member". Business Standard. New Delhi. 27 November 2017. Retrieved 15 January 2018.
  19. ^ "NK Singh appointed Chairman of 15th Finance Commission". Business Line. New Delhi: The Hindu. 27 November 2017. Retrieved 15 January 2018.
  20. HT Media Ltd
    . 27 November 2017. Retrieved 15 January 2018.
  21. ^ "Former Planning Commission Member NK Singh Appointed 15th Finance Commission Chairman". NDTV. New Delhi. 28 November 2017. Retrieved 15 January 2018.
  22. ^ Chakraborty, Subhayan (28 November 2017). "Former DEA secretary Shaktikanta Das confirmed as G-20 sherpa". Business Standard. New Delhi. Retrieved 15 January 2018.
  23. ^ "Shaktikanta Das appointed India's G20 Sherpa until December 31, 2018". The Financial Express. New Delhi. 27 November 2017. Retrieved 15 January 2018.
  24. ^ "Shaktikanta Das appointed as India's G20 Sherpa. On 12th December, 2018, he has been appointed as the 25th Governor of the Reserve Bank of India for a period of three years". The Times of India. New Delhi. 27 November 2017. Retrieved 15 January 2018.
  25. Department of Economic Affairs, Ministry of Finance, Government of India
    . 11 December 2018. Retrieved 16 December 2018.
  26. Livemint. New Delhi/Mumbai
    : Vivek Khanna. Retrieved 12 December 2018.
  27. BloombergQuint. BQ Desk. 11 December 2018. Retrieved 11 December 2018.{{cite web}}: CS1 maint: others (link
    )
  28. OCLC 61311680. Retrieved 11 December 2018.{{cite news}}: CS1 maint: others (link
    )
  29. ^ "Shaktikanta Das to start his extended 3-year tenure as RBI governor". Hindustan Times. 10 December 2021. Retrieved 13 October 2023.
  30. ^
    OCLC 61311680
    . Retrieved 12 December 2018.
  31. ^
    Bengaluru/New Delhi. Reuters
    . Retrieved 12 December 2018.
  32. ^
    OCLC 13119119
    . Retrieved 12 December 2018.
  33. ^
    OCLC 30000665
    . Retrieved 12 December 2018.
  34. OCLC 271717941
    . Retrieved 24 December 2018.
  35. ^ "Subramanian Swamy claims new RBI governor Shaktikanta Das is a 'corrupt person'". Scroll.in. Scroll Staff. 23 December 2018. Retrieved 24 December 2018.{{cite web}}: CS1 maint: others (link)
  36. Network 18
    . Retrieved 12 December 2018.
  37. OCLC 61311680. Retrieved 12 December 2018.{{cite news}}: CS1 maint: others (link
    )
  38. BloombergQuint. BQ Desk. 12 December 2018. Retrieved 12 December 2018.{{cite web}}: CS1 maint: others (link
    )
  39. OCLC 23379369. Retrieved 12 December 2018.{{cite web}}: CS1 maint: others (link
    )
  40. ^ "Closing bell: Sensex surges 629 points, Nifty above 10,700 after RBI chief appointment". Livemint. Livemint. Mumbai: Vivek Khanna. 12 December 2018. Retrieved 12 December 2018.{{cite web}}: CS1 maint: others (link)
  41. OCLC 30000665. Retrieved 12 December 2018.{{cite web}}: CS1 maint: others (link
    )
  42. ^ Yadnya Investment Academy (11 December 2018). "कौन हैं नए RBI Governor? जानिए नए RBI गवर्नर को" [Who is the new RBI Governor]. Retrieved 29 July 2020 – via Youtube.
  43. Livemint. Mumbai: Vivek Khanna. Press Trust of India
    . 15 January 2020. Retrieved 16 January 2020.
  44. OCLC 61311680
    . Retrieved 3 April 2020.
  45. ^ "RBI Governor Shaktikanta Das bags 'Central Banker of the Year 2020, Asia-Pacific' award". @businessline. Retrieved 29 April 2021.

External links

Retrieved from "https://en.wikipedia.org/w/index.php?title=Shaktikanta_Das&oldid=1218908027"