The term of Reserve Bank of India (RBI) Governor Shaktikanta Das is ending today on 10 December 2024. The central government has appointed Revenue Secretary Sanjay Malhotra in the Finance Ministry as the new RBI Governor, who will take over as the 26th RBI Governor on 11 December 2024.
Benefited from Narendra Modi's ideas - Shaktikanta Das
Governor Shaktikanta Das, who is going to say goodbye to his six-year tenure in RBI, wrote in a farewell post on social media platform X, "Today I am going to leave the post of RBI Governor. I thank everyone for their support and best wishes on this occasion." Shaktikanta Das has also thanked Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman. He wrote in his post, "I express my gratitude to Prime Minister Modi for allowing me to serve the country as RBI Governor, guiding and encouraging me. He said I have benefited a lot from the Prime Minister's ideas and thoughts.
Successfully faced global shocks.
Shaktikanta Das has also expressed his gratitude to the Finance Minister for his constant support. He wrote, Fiscal-monetary coordination was the best and it has helped in facing many challenges in the last six years. The current governor has thanked all the stakeholders of the financial sector and economy, experts and economists, industry and associations, agriculture, cooperative, and services sectors for their inputs and suggestions. Thanking the RBI team, Shaktikanta Das wrote, together we have successfully faced the most difficult phase of global shocks. RBI should remain an even bigger and trusted institution.
Became governor during the crisis
In the year 2018, the differences between the government and the RBI deepened. The then governor Urjit Patel suddenly resigned from his post. Then Shaktikanta Das was made the RBI governor in December 2018. In the year 2019, the growth of the economy was declining, then in 2020 Corona (Covid-19) knocked. Under the leadership of RBI Governor Shaktikanta Das, the Indian economy faced this crisis strongly. The Indian economy became the fastest-growing economy in the world. During the tenure of Shaktikanta Das, the digital revolution got a boost and the banking sector was able to overcome the huge NPA that it was facing.
Differences in interest rate cuts!
But in recent times, Shaktikanta Das was faced with the challenge of dealing with inflation while maintaining growth. Reducing inflation was a big goal for Shaktikanta Das, while the government ministers were insisting on cutting interest rates for growth despite inflation. In his last policy, Shaktikanta Das cut the Cash Reserve Ratio (CRR) by 50 basis points so that cash could be increased in the banking system, but he did not reduce the policy rate i.e. Repo Rate, which would reduce interest rates.
'Ravan with Vibhishana...', why did this actor refuse to work in Ranbir Kapoor's Ramayana?
Ranbir Kapoor and Sai Pallavi's film 'Ramayana' is the most awaited film of 2026. Fans are very eager to see how Ranbir, who has played many challenging characters from chocolate boy to mute, portrays
Avengers Doomsday Teaser: The real action begins now! X-Men enter the fray in Avengers: Doomsday, an explosive teaser released.
When talking about the most talked-about films in Hollywood cinema, Avengers: Doomsday would definitely be on the list. New teasers for this movie are constantly being released. Recently, Marvel
Anuradha Paudwal: Anuradha Paudwal got angry over the obscene dance in Kanwar Yatra, said- 'Stop this nonsense'
As soon as the month of Sawan begins, the Kanwar Yatra also begins. These days, the Kanwar Yatra is going on in full swing, and many people are doing the Kanwar Yatra every single day. But meanwhile,
Elvish Yadav Firing: Elvish's reaction on the attack incident, expressed gratitude to the fans, said- 'I and my family are safe'
There was firing outside the house of famous YouTuber and Bigg Boss OTT winner Elvish Yadav yesterday, on Sunday. Elvish Yadav's reaction has come to the fore on this incident that took place outside
Shilpa Shetty: The IT department raids Shilpa Shetty's restaurant, and several other food companies are also targeted in the raids.
The Income Tax Department raided Shilpa Shetty's restaurant in Mumbai on Thursday. According to news agency PTI, official sources said on Thursday that the Income Tax Department raided the offices of
Aryan Khan: Bobby Deol did this act with Aryan at the screening of 'The Bads of Bollywood', fans liked the style.
Shah Rukh Khan's son, Aryan Khan, has entered the world of showbiz with "The Baddies of Bollywood." "The Baddies of Bollywood" marks Aryan's first directorial venture, which premieres today. A special
Maratha quota stir: 'I will not leave Mumbai until my demands are met', said Manoj Jarange after the High Court order
Activist Manoj Jarange has launched a campaign in Maharashtra regarding Maratha reservation. Manoj has been on a hunger strike for the last several days. Manoj says that he will continue his fast till
Ram Gopal Varma became a fan of Akshaye Khanna in 'Dhurandhar', and praised him highly for his role as the dacoit Rehman; here's what he said.
Ranveer Singh and Akshaye Khanna's starrer 'Dhurandhar' is continuously receiving praise. The film is being appreciated by audiences and several stalwarts of the film industry. In this vein, the
After the CJI, another judge was attacked with a shoe; the court gave its verdict on the attacker.
Recently, a man threw a shoe at CJI BR Gavai in the Supreme Court. This incident sparked a new debate in the country. Now, about a week after this incident, a similar incident has come to light in
'What is going on...' Govinda is admitted to the hospital, and Sunita gets information from the media.
Some time ago, Govinda was admitted to the Critical Care Hospital in Mumbai after suddenly falling ill overnight. However, he was discharged from the hospital shortly after recovering. His legal
