December 10, 2024
2 mins read

Sanjay Malhotra to Replace Shaktikanta Das as RBI Governor

He has extensive experience in finance and taxation at the State as well as the Central Government. As a part of his present assignment, he plays an instrumental role in tax policy formulation in respect of direct and indirect taxes…reports Asian Lite News

The Central government on Monday appointed Sanjay Malhotra, Secretary (Revenue) in the Ministry of Finance as the next Reserve Bank of India Governor. He will replace Shaktikanta Das, who with a six-year stint is the second-longest serving RBI Governor.

Sanjay Malhotra is a 1990 batch Indian Administrative Service (IAS) officer of the Rajasthan cadre. He is an Engineering Graduate in Computer Science from the Indian Institute of Technology, Kanpur and has a Master’s in Public Policy from Princeton University, US.

With demonstrated leadership and excellence in his career of over 33 years, Sanjay Malhotra has worked in multifarious sectors including power, finance and taxation, information technology, mines etc. Presently he is Secretary (Revenue) in the Ministry of Finance. In his previous assignment, he held the post of Secretary in the Department of Financial Services under the Ministry of Finance, Government of India, according to the Finance Ministry website.

He has extensive experience in finance and taxation at the State as well as the Central Government. As a part of his present assignment, he plays an instrumental role in tax policy formulation in respect of direct and indirect taxes.

Shaktikanta Das was first appointed as RBI Governor in December 2018, after the then-central bank chief, Urjit Patel, resigned before his tenure was expected to end. Das had been the second longest-serving RBI Governor after Benegal Rama Rau’s seven-year-plus tenure.

Das, who is also a former IAS officer with a long stint in the Finance Ministry, became governor after retiring from the service, his tenure as RBI Governor also ushered in a smoother functioning relationship between the central bank and the Finance Ministry after the friction that marked his predecessor’s tenure.

Das served as a secretary in the Department of Revenue and Department of Economic Affairs of the Finance Ministry, where he directly worked on eight Union Budgets. He was also a member of the 15th Finance Commission and a Sherpa for India at the G20.

Das has also served as India’s alternative governor in the World Bank, Asian Development Bank, New Development Bank, and Asian Infrastructure Investment.

ALSO READ-Pawar backs Mamata as INDIA Bloc leader 

Previous Story

Parliament Adjourned Till Tuesday Amid Disruptions

Next Story

Modi Govt Pushes ‘One Nation, One Election’ Bill

Latest from -Top News

India Marks Ayurveda Day in Ghana

The conference brought together academicians, officials from the Ghana Ministry of Health, Ayurveda doctors, herbalists, and other key stakeholders…reports Asian Lite news To mark the 10th Ayurveda Day, the Indian High Commission

US Urges India to Rethink Russian Oil Imports

Wright emphasised the priority of ending the conflict while strengthening US-India ties…reports Asian Lite News United States Energy Secretary Chris Wright urged India to reassess its oil imports from Russia, stressing that

Trump, Shehbaz Set for Oval Office Talks

Sharif will arrive in Washington after attending the 80th United Nations General Assembly in New York….reports Asian Lite News US President Donald Trump will hold high-stakes bilateral meetings on Thursday, including a

Farooq Abdullah Urges Dialogue After Ladakh Unrest

Dr Farooq Abdullah warned the Central government that neglecting their long-standing demands could deepen unrest in the sensitive Himalayan region….reports Asian Lite News Former Jammu and Kashmir Chief Minister and National Conference
Go toTop

Don't Miss

‘India has well-regulated and well-supervised banking sector’

Hormis was the founder of the Kerala-headquartered Federal Bank….reports Asian

RBI bans American Express, Diners Club

American Express Banking Corp and Diners Club International Ltd are