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In-sync: Non-IAS RBI Governors refused but Das made it possible for the Govt

By IndianMandarins- 27 Aug 2019
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in-sync:-non-ias-rbi-governors-refused-but-das-made-it-possible-for-the-govt

RBI Governor Shaktikanta Das (Retd IAS:1981:TN) has made it possible for the government what previous non-IAS RBI governors refused to do. RBI hit the headlines after it decided to transfer Rs 1.76 lakh crore in dividend and surplus reserves to the government. It may be underlined that Das, the then Union Finance Secretary, had played a very crucial role during demonetisation/remonetisation.

 

Das, the then Union Finance Secretary, led the mammoth exercise of ensuring adequate printing, distribution and circulation of new currency in addition to the challenges ATM machines faced in terms of last hour calibration during remonetisation.

 

It was not just a coincidence that later NaMo administration rewarded with country’s coveted position of RBI Governor in December 2018 following the resignation of Urjit Patel who lately was at loggerheads with Govt on several issues.

 

Union I&B Minister Prakesh Javadekar said today that there was nothing wrong in it as RBI shares its residue funds with the government for the growth and development of the country.

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