India names its new central bank chief

Published December 12, 2018
Newly appointed Reserve Bank of India Governor Shaktikanta Das. ─ Wikimedia Commons
Newly appointed Reserve Bank of India Governor Shaktikanta Das. ─ Wikimedia Commons

MUMBAI: India’s government named an ally of Prime Minister Narendra Modi as the country’s new central bank chief on Tuesday, a day after his predecessor quit following a dispute about government’s interference.

Shaktikanta Das has been appointed governor of the Reserve Bank of India (RBI) for three years, a government statement said.

The 63-year-old is a former senior finance ministry official and a key figure in Modi’s controversial “demonetisation” scheme of November 2016.

Das has worked with various government bodies and was part of the economic affairs ministry when Modi announced his controversial cash ban that scrapped 86 percent of notes overnight.

Published in Dawn, December 12th, 2018

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

The long wait
Updated 23 Feb, 2025

The long wait

Pakistan’s fundamental problem is that two of its most important leaders still cannot get over themselves.
Defending freedom
23 Feb, 2025

Defending freedom

THERE was no other choice. Despite assurances of consultations with key stakeholders, the government passed the Peca...
Anti-Muslim crimes
23 Feb, 2025

Anti-Muslim crimes

THE surge in Islamophobic assaults in the UK, as reported by the anti-hate crime charity Tell MAMA, is a stark...
Judiciary in the dock
Updated 22 Feb, 2025

Judiciary in the dock

Recent developments in SC and IHC certainly seem to have lent credibility to perception that judges perceived as a 'threat’ are being sidelined.
Paying taxes
22 Feb, 2025

Paying taxes

FINANCE Minister Muhammad Aurangzeb’s ‘hard talk’ at a retail business conference on Thursday was long ...
Rules for thee
22 Feb, 2025

Rules for thee

IT was a year ago when, in the tumultuous aftermath of the 2024 elections, the state banned X. Today, it remains...