INSUBCONTINENT EXCLUSIVE:
Shaktikanta Das replaces Urjit Patel, who surprisingly resigned from the central bank on Monday.The government on Tuesday appointed former
Economic Affairs Secretary Shaktikanta Das as the new Reserve Bank of India (RBI) governor, reported news agency Indo-Asian News Service
the Cabinet has approved the appointment of Shaktikanta Das, former Secretary, Department of Economic Affairs, as Governor of the Reserve
surprisingly resigned from the central bank on Monday amid growing differences with the government over a range of subjects including the
He is known as an experienced bureaucrat
He has worked extensively in the budget division under both ruling government and the previous coalition led by the main opposition Congress
and was given charge of the revenue department
While in the finance ministry, Das, 61, was involved in drafting India's Insolvency and Bankruptcy code, aimed at protecting small
investors.He was later moved to the economic affairs department, which essentially deals with monetary policy and the RBI
Mr Das oversaw the re-monetisation of the economy after the shock decision to withdraw 86 per cent of the currency in circulation in
Last year, he criticised the methodology of global rating agencies and sought a sovereign rating upgrade.After his retirement, he was named
India's G-20 Sherpa and also appointed as a member of the 15th Finance Commission.(With inputs from agencies)For the latest News Live
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