REGION C – ASIA

THE SINKING OF THE TITANIC

(April 14-15, 1912 – North Atlantic Ocean)

Shaktikanta Das

(Governor, Reserve Bank of India)

ROTHSCHILD OWNED & CONTROLLED CENTRAL BANK

The Official Story

SHAKTIKANTA DAS
(Governor of the Reserve Bank of India, 2018+)

Shaktikanta Das (born 26 February 1957) is currently serving as the 25th governor of the Reserve Bank of India (RBI). He was earlier a member of the Fifteenth Finance Commission and India’s Sherpa to the G20. Das is a retired 1980 batch Indian Administrative Service (IAS) officer of Tamil Nadu cadre.

During his career as an IAS officer, Das served in various capacities for Indian and Tamil Nadu governments, including as Economic Affairs Secretary, Revenue Secretary, Fertilizers Secretary. He has also served as India’s Alternate Governor in the World Bank, ADB, NDB & AIIB. He has represented India in various international forums like the IMF, G20, BRICS, SAARC, etc.

Governor of Reserve Bank of India

Das was appointed Governor of the Reserve Bank of India by the ACC on 11 December 2018 for a period of three years, replacing Urjit Patel who had resigned the day before.

Das’ appointment as RBI governor received mostly positive responses, with DBS Bank’s head of markets for India at Singapore, Ashish Vaidya, saying that previous governors of the RBI with an IAS background, such as Y. Venugopal Reddy and Duvvuri Subbarao, had been successful and that Das’ “cordial relations with the government […] [would] likely help policy negotiations.” S. S. Mundra, a former deputy governor of the RBI, said Das was a “good and balanced choice” for RBI governorship and had “a good understanding of the whole of the financial sector both from the ministry and also in his interactions with the RBI.” A former Governor of the Reserve Bank of India C. Rangarajan, said Das had “experience in economic affairs” and would “make a good governor”. Gaurav Shah, a senior vice president at Geojit Financial Services, said “a name like Shaktikanta Das carries track record, experience, credentials, credibility and respect along with him.”

On the other hand, Nobel laureate and professor at the Massachusetts Institute of Technology, Abhijit Banerjee, said Das’ appointment posed a lot of “frightening” questions on governance of autonomous public institutions. Subramanian Swamy, a member of the Bharatiya Janata Party, the largest party of the ruling National Democratic Alliance coalition, and a nominated member of the Rajya Sabha (Council of the States), criticised Das, calling him a “corrupt person” at an event at the Indian School of Business in Hyderabad.

Das assumed charge as RBI governor on 12 December 2018. Reactions of the markets to Das’ appointment was positive, with BSE SENSEX gaining 629 points and NIFTY 50 increasing by 188 points.

As RBI governor, Das serves as the ex-officio chairperson of the Monetary Policy Committee of the central bank.

He was conferred the ‘Central Banker of the Year, Asia-Pacific 2020’ award by the London based magazine-The Banker for his efforts to make the banking system more robust.

Source: Wikipedia