India names its new central bank chief
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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
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Comments (4) Closed
Dec 12, 2018 08:38am
Indian newspapers are grilling the government, and the slumping currency gets a hit- while key states knock BJP out of power. What goes around..
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Dec 12, 2018 08:54am
surrounding himself with yes guys, just like Trump.
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Dec 12, 2018 09:34am
He is a well known economist who will steer India out of financial crisis
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Dec 12, 2018 09:35am
In yesterday election result,the Indians has given verdict that they are against Modi's policy.
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