Shaktikanta Das is an Indian economist, author, and public servant who is currently serving as the 25th Governor of the Reserve Bank of India (RBI). He has a long and distinguished career in public service and has held numerous positions at the Indian government, including Secretary of the Department of Economic Affairs in the Ministry of Finance and Revenue Secretary of India. He is highly respected for his expertise in macroeconomic policies, financial sector reforms, and public finance. He is best known for his work in helping to shape India’s economic policy, liberalising its markets, and increasing its investment. He has also been a part of several important international organisations, such as the G20 and the International Monetary Fund. With such a remarkable career, let us explore the life, accomplishments, and legacy of Shaktikanta Das.
|Profession||Retd. Civil Servant (IAS)|
|Known For||Being the 25th Governor of Reserve Bank of India (RBI)|
|Physical Stats & More|
|Height (approx.)||in centimeters– 170 cm|
in meters– 1.70 m
in feet inches– 5’ 7”
|Weight (approx.)||in kilograms– 60 kg|
in pounds– 132 lbs
|Date of Birth||26 February 1957|
|Age (as in 2018)||61 Years|
|Birthplace||Bhubaneswar, Odisha, India|
|Zodiac sign/Sun sign||Pisces|
|Hometown||Bhubaneswar, Odisha, India|
|School||Demonstration Multipurpose School, Bhubaneswar|
|College/University||• St. Stephen’s College, University of Delhi|
• IIM Bangalore
• National Institute of Bank Management (NIBM), Pune
|Educational Qualification(s)||• BA in History from St. Stephen’s College|
• MA in History from St. Stephen’s College
• Advanced Financial Management Course from IIM Bangalore
• Development Banking And Institutional Credit Course from NIBM
|Controversies||• A faction of bureaucrats and politicians criticized his elevation to the Governor of RBI for being a student of History who would deal in the highest matter of economy in the country|
• In 2016, questions were asked over his role in the allotment of land to an American firm ‘Sanmina SCI Corporation’ while he was serving in the Tamil Nadu state government in 2007.
Welcome to the World of Shaktikanta Das
Shaktikanta Das was born in Cuttack, Odisha, India in 1957. He received his education from the University of Delhi, where he obtained a Bachelor of Arts degree in Economics in the year 1974. He followed this up with a Master of Arts in Economics in the year 1976, and a Masters in Business Administration in the year 1979. He started his career as a lecturer at the Department of Economics, University of Delhi and worked there from 1976-1981.
|Service||Indian Administrative Service (IAS)|
|Major Designation(s)||• Assistant Collector (1982-83)|
• Sub Collector (1984)
• Under Secretary (1984)
• Deputy Secretary (1984)
• Managing Director Under Secretary (1987-88)
• Collector (1989-91)
• Joint Secretary (1991-92)
• Secretary Industries Department (2006)
• Special Commissioner Additional Secretary Revenue (2007-08)
• Joint Secretary Ministry of Finance Department of Expenditure (2008-09)
• Joint Secretary Ministry of Finance Department of Economic Affairs (2009-11)
• Additional Secretary Ministry of Finance Department of Economic Affairs (2011-13)
• Special Secretary Ministry of Finance Department of Economic Affairs (2013)
• Secretary Ministry of Chemicals & Fertilizers (2013-14)
• Secretary Ministry of Finance Department of Revenue (2014-15)
• Secretary Ministry of Finance Department of Economic Affairs (2015-2017)
• A Member of the 15th Finance Commission (2017)
• Governor of Reserve Bank of India (appointed on 11 December 2018)
|Awards, Achievements||In 2017, he was appointed India’s Sherpa till 31 December 2018, for the G20’s Development Track.|
Early Days of Shaktikanta Das
Shaktikanta Das started his professional career as a civil servant in the Indian Administrative Service in 1981. He worked in various departments such as the Ministry of Commerce, Ministry of Finance, and Ministry of Power, among others. He served as India’s Revenue Secretary from 2014-2015 and as Secretary of the Department of Economic Affairs in the Ministry of Finance from 2015-2017. He played an important role in helping to shape India’s economic policy, liberalise its markets, and increase its investment.
His Journey to the Top
Shaktikanta Das had a long and distinguished career as a public servant and was appointed Governor of the Reserve Bank of India in December 2018. He was the first Indian government official to occupy this prestigious position in many years. He is responsible for managing the monetary policy of the country, which includes setting interest rates and regulating the country’s banking system. He also plays an important role in advancing financial inclusion and digital payments in India.
Education and Professional Achievements
Shaktikanta Das is a highly educated professional with a Master’s degree in Economics, as well as a Master’s in Business Administration. He has completed various training programs and seminars on economic and financial topics, both in India and abroad. He has held numerous government posts, most notably as Secretary of the Department of Economic Affairs in the Ministry of Finance and as Revenue Secretary of India. He has also served on various committees and task forces in the Indian government.
Government Service and Public Life
Shaktikanta Das held numerous posts in the Indian government, including Secretary of the Department of Economic Affairs in the Ministry of Finance and Revenue Secretary of India. He also served on various committees and task forces, including the Prime Minister’s Economic Advisory Council and the Financial Stability and Development Council. He has worked with the IMF, World Bank, and other international organisations in order to advance India’s economic and financial agenda.
Economic Outlook and Monetary Policy
As Governor of the Reserve Bank of India, Shaktikanta Das is responsible for creating and implementing monetary policy. He has increased the bank’s focus on financial inclusion and digital payments, as well as helping to shape the government’s economic policies. He has also overseen the implementation of several measures to support the economy during the COVID-19 pandemic, such as the liquidity enhancement scheme and the debt restructuring framework.
Social and Political Engagement
Shaktikanta Das has always been interested in social and political issues. He has been active in various public forums, including the IMF and the World Bank, where he has discussed economic and financial topics. He has also been a part of several public awareness initiatives, such as the campaign to promote women’s financial literacy in India.
International Recognition and Honours
Shaktikanta Das has received numerous awards and honours throughout his career. He was awarded the Padma Bhushan, one of the highest civilian honours in the country, in 2020. He is also the recipient of the International Monetary Fund’s Distinguished Public Service Award and the Asian Development Bank’s Outstanding Public Service Award.
Contributions to India’s Development
Shaktikanta Das has always been closely involved with India’s economic and financial policies. He has helped shape the government’s economic policy, liberalise its markets, and increase its investment. He has also been a part of various public awareness initiatives, such as the campaign to promote women’s financial literacy in India and the push for digital payments.
What Lies Ahead for Shaktikanta Das?
Shaktikanta Das has been at the forefront of India’s economic and financial policy for many years, and there is no doubt that he will continue to be a key figure in India’s growth and development. He has always been keen to keep India’s interests at the forefront of his work, and this is likely to continue as he remains in office.
The Humility of a True Leader
Shaktikanta Das has always been known for his humility and commitment to public service. He has always remained focused on the needs of the people, and he has spent much of his career promoting economic and financial inclusion. He has also strived to ensure that the decisions he makes are in the best interests of the country.
A Glowing Legacy of Shaktikanta Das
Shaktikanta Das is widely respected for his expertise in macroeconomic policies, public finance, and financial sector reforms. He has played a major role in shaping India’s economic policy, liberalising its markets, and increasing its investment. He has also been a part of several important international organisations, such as the G20 and the International Monetary Fund. His commitment to public service and his humility has been a major source of inspiration throughout his career.
The remarkable career of Shaktikanta Das is a testament to the power of hard work and dedication. He has been a driving force behind India’s economic and financial policy for many years, and his legacy will surely live on for many years to come. His humility, commitment to public service, and expertise in economic and financial policy have been a source of inspiration for many people. With a long and distinguished career in public service, Shaktikanta Das is a true leader and a role model for generations to come.