Why Is The Internet Talking About Shaktikanta Das

Why Is The Internet Talking About Shaktikanta Das

Why Is The Internet Talking About Shaktikanta Das

Any issue, no matter how contentious, can be resolved through discussion, Reserve Bank of India (RBI) Governor Shaktikanta Das said Wednesday.

Das ensured that he would take adequate measures which the economy requires in a timely manner, adding that he will be meeting public sector bank chiefs in the near future.

"I think, he (Das) has the right credentials". Twitteratti pointed out immediately that unlike previous governors like Raghuram Rajan and Urjit Patel, Shaktikanta Das does not have a degree in business or economics, but in history.

Das also cleared the air regarding the rumour of Deputy Governor Viral Acharya also resigning after Urjit Patel. Patel's departure came weeks after differences between the Modi government and the RBI became public. It is facing several challenges that need to be dealt with. "I wouldn't go into the issues between RBI and government but every institution has to maintain its autonomy and also adhere to accountability", Das said.

At his first press meet, the new governor was asked if his priority would be to fix the issues between the government and the RBI.

On the Parliamentary mandate on RBI as an inflation targeting central bank, he said it's heartening to know that inflation is on target with a benign outlook. After his retirement on May 28, 2017, he was appointed as a member of the 15th Finance Commission and as the G20 Sherpa.

Das, a 1980-batch Tamil Nadu cadre IAS officer, who retired as Economic Affairs Secretary in May 2017, oversaw the re-monetisation of the economy after the shock decision to withdraw 86 per cent of the currency in circulation in November 2016.

He refused to answer questions on the alleged disagreement between the government and the central bank.

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