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In-sync: Non-IAS RBI Governors refused but Das made it possible for the Govt
By IndianMandarins- 27 Aug 2019
955RBI 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.
In-sync: Non-IAS RBI Governors refused but Das made it possible for the Govt
By IndianMandarins - 2019-08-27 15:43:32
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.
