Shaktikanta Das, the new Reserve Bank of India governor, to take charge at 10 AM today

Shaktikanta Das, the new governor of the Reserve Bank of India, will take charge today. He replaces Urjit Patel who resigned on Monday. Das will be the 25th governor of the central bank.

Das, a 1980 batch IAS officer of the Tamil Nadu cadre, is a postgraduate in history from the Delhi University but had mostly worked in economic and finance departments in the state and the Centre during his 37-year-long tenure.

File image of Shaktikanta Das. Image courtesy PIB

File image of Shaktikanta Das. Image courtesy PIB

Das was promoted as secretary, Department of Chemicals and Fertilisers, in December 2013 but was brought back to the finance ministry as revenue secretary when the BJP-led government stormed to power in mid-2014.

He first played a part in the Modi government's crackdown on black money and then building a consensus for the impending rollout of the Goods and Services Tax (GST). Moved to the economic affairs department in September 2015, he was in charge when the government on 8 November 2016, withdrew from circulation old 500 and 1,000 rupee notes.

From defending the shock announcement to spearheading the remonetisation drive that included the cumbersome process of printing and supplying new 500 and 2,000 rupees notes, his calm composure brought a sense of serenity to an otherwise chaotic situation.

Mild-mannered, Das is known to rarely lose his cool and focus mostly on looking at solutions through consensus rather than shoving a solution down—qualities that will come handy at the RBI which is having an unprecedented face-off with the finance ministry.

--With agency inputs

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Updated Date: Dec 12, 2018 09:47 AM

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