The government on Friday reappointed Shaktikanta Das as Reserve Bank of India (RBI) governor for three more years, till December 2024. The decision was taken last evening by the cabinet appointments committee comprising Prime Minister Narendra Modi and Home Minister Amit Shah.
“The Appointments Committee of the Cabinet has approved the reappointment of Shaktikanta Das as RBI Governor for a period of three years beyond December 10, 2021 or until further orders, whichever is earlier,” read an official statement.
Mr Das took over as RBI Governor in December 2018, for three years. He was previously the Economic Affairs Secretary at the Finance Ministry.
He is the first RBI Governor to get an extension under the current BJP government; earlier ones either resigned or decided to go back to academics.
He has held important positions in finance, taxation, industries and infrastructure. Mr Das has also served as India’s Alternate Governor in the World Bank, Asian Development Bank (ADB), New Development Bank (NDB) and Asian Infrastructure Investment Bank (AIIB). During his long tenure in the Finance Ministry, he was directly associated with as many as eight Union Budgets.