New Delhi: In a significant administrative move, former Reserve Bank of India (RBI) Governor Shaktikanta Das has been appointed as the Principal Secretary to Prime Minister Narendra Modi, according to an official government notification released today. His tenure will be co-terminus with the term of the Prime Minister or until further orders, whichever comes earlier.
Key Highlights:
- Shaktikanta Das, who served as RBI Governor for six years from December 2018, will now assume a crucial role in the Prime Minister’s Office (PMO).
- The Appointments Committee of the Cabinet (ACC) confirmed his appointment, reinforcing his expertise in governance, finance, and administration.
- His leadership at the RBI was instrumental in steering India's economy through the COVID-19 pandemic, implementing key monetary policies, and ensuring financial stability.
- Alongside Das’ appointment, the tenure of NITI Aayog CEO BVR Subrahmanyam has also been extended by one year until February 24, 2026.
Shaktikanta Das: A Seasoned Bureaucrat with Extensive Experience
With a distinguished career spanning over four decades, Shaktikanta Das has held pivotal positions in both the central and state governments, overseeing sectors like finance, taxation, industries, and infrastructure. His leadership during India's monetary policy crisis, demonetization, and pandemic response established him as one of the most trusted economic policymakers in the country.
During his tenure as RBI Governor, Das introduced a range of monetary policy measures, including interest rate adjustments and liquidity management, to stabilize the economy. His proactive approach during the COVID-19 crisis ensured economic resilience by implementing policies to support businesses, banks, and financial institutions.
Implications of His New Role
As Principal Secretary to the Prime Minister, Das will play a crucial role in:
- Economic decision-making at the highest level of governance.
- Advising on financial policies and economic strategies for national growth.
- Coordinating with key government departments and ministries for policy implementation.
- Ensuring administrative efficiency in the PMO.
What This Means for India
Das’ appointment signals the government’s focus on economic stability and financial reforms. Given his experience in fiscal policymaking, his new role is expected to enhance policy execution and governance efficiency in the coming years.
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