After much anticipation, the Union government on Monday appointed Revenue Secretary Sanjay Malhotra next governor of the Reserve Bank of India (RBI). The term of incumbent Governor Shaktikanta Das ends today. Mr Malhotra, an engineering graduate from the Indian Institute of Technology, Kanpur, with a master's degree in public policy from Princeton University, is a 1990 batch officer of the elite Indian Administrative Service. Interestingly, the government for the second time in a row has chosen a career bureaucrat and not a professional economist to lead the RBI. The decision may have been motivated by the experience of Mr Das' term, which rarely witnessed friction between the RBI and the government.
However, with the Budget-making process underway, the Ministry of Finance will have to quickly find a replacement for Mr Malhotra.
Mr Das' term over the past six years was fairly challenging for both the Indian economy and the RBI, largely because of the pandemic. The RBI had to take emergency measures and ensure the financial system remained resilient.
هذه القصة مأخوذة من طبعة December 10, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة December 10, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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