New RBI governor (12-12-18)
Shaktikanta Das retired as secretary, Department of Economic Affairs, was appointed 25th governor of the Reserve Bank of India (RBI) on 11 December 2018, will now have his signature on all the banknotes that are printed during his three-year tenure. The Appointments Committee of Cabinet (ACC) has approved the appointment of Shri Shaktikanta Das, former Secretary, Department of Economic Affairs, as Governor, Reserve Bank of India, for a period of three years. While he has stepped down as member of the 15th Finance Commission, he would also be relieved of his duties as G-20 Sherpa.
- Das, a 1980 batch Tamil Nadu cadre IAS officer, retired as economic affairs secretary in May 2017
- He worked closely with RBI and oversaw Modi’s plan to junk 86% of the currency in circulation in November 2016
- He had been brought back to finance ministry soon after NDA govt came to power in mid-2014 and given charge of revenue dept; later he was moved to economic affairs dept
- After retirement, Das was named India’s G-20 sherpa and also appointed member of the 15th Finance Commission
- He worked under three different finance ministers — P Chidambaram, Pranab Mukherjee and Arun Jaitley