Govt extends tenure of RBI governor for 3 years until Dec 2024

The authorities Friday prolonged the tenure of RBI Governor Shaktikanta Das for 3 years until December 2024. The re-appointment might be efficient from December 10 or till additional orders, whichever is earlier.
“The Appointments Committee of the Cabinet has approved the reappointment of Shaktikanta Das as Reserve Bank of India Governor for a period of three years beyond 10.12.2021 or until further orders, whichever is earlier,” learn an official assertion.
Das had served as former secretary of Department of Economic Affairs from 2015 to 2017.
Das, a 1980-batch Tamil Nadu cadre IAS officer, was entrusted with the duty of overseeing the re-monetisation of the economic system after the shock resolution to withdraw 86 per cent of the foreign money in circulation in November 2016.
After his retirement, he was named India’s G-20 sherpa and likewise appointed as a member of the fifteenth Finance Commission.
Das, a historical past graduate from the celebrated St. Stephen’s College in Delhi, was dropped at the Finance Ministry quickly after the BJP-led NDA authorities got here to energy in mid-2014 and given cost of the essential income division.