Current RBI Governor of India, Know His Name: Shaktikant Das, the current RBI Governor, assumed the position of the 25th Governor of RBI in December 2018. Shaktikant Das, a seasoned Indian Administrative Service (IAS) official, brought to his job a varied variety of administrative and economic experiences, making his tenure crucial for the Indian financial landscape.
Daily Current Affairs Quiz: August 2023
Shaktikant Das: Governor of the Year 2023
Shaktikant Das was also honored with the title of ‘Governor of the Year’ for 2023 by Central Banking in London for his contribution to safeguarding the Indian economy amidst several global economic turmoils, and he has been acknowledged for his policy measures in dealing with inflation. Das became the second Central Bank Governor to receive the prize, following Raghuram Rajan, who received it in 2015.
Pivotal role
One of the defining aspects of Shaktikant Das’ tenure was his response to the COVID-19 pandemic. With the economy reeling from the pandemic’s effects, Shaktikant Das and the RBI took swift and comprehensive actions. To cushion the economic shock and ensure financial stability, these steps included enacting monetary policies, regulatory adjustments, and liquidity improvement programmes.
Technological advancements
Recognizing the evolving landscapes of the financial sector, Das emphasized the importance of technological integration. He actively promoted digital payments and explored avenues for the introduction of a central bank digital currency (CBDC). These efforts of Das aimed to modernise the financial system and enhanced financial inclusion for all segments of society.
