RBI guv meets FM two days before end of his extended term

New Delhi, Dec 8: A day after presenting bi-monthly monetary policy, Reserve Bank Governor Shaktikanta Das on Saturday met Finance Minister Nirmala Sitharaman.

The meeting comes just ahead of the extended term of incumbent RBI Governor coming to an end. Das’s three-year extended term comes to an end on December 10.

In 2021, the government had announced a three-year extension to Das’s tenure, a month before his term came to an end.

According to sources, Das called on the Finance Minister in the evening here.

The career bureaucrat-turned-central banker, Das, was appointed the 25th RBI Governor on December 12, 2018, after the abrupt exit of Urjit Patel.

With the three-year-extension granted to Das, he is already one of the longest serving RBI governors in its 90-year history.

The RBI had on Friday opted for a status quo on the rates for the 11th consecutive time, amid growing calls to address the slowdown in GDP growth in the September quarter at 5.4 per cent.

Das, while unveiling bi-monthly policy, made it clear that the RBI has been acting as per the flexibility offered by the statutes to the central bank and that its effort is to keep the inflation horse on a tight leash.

Over the past six years, Das has dealt with a slew of challenges, including Covid-19 and wars in Ukraine and the Middle East.

He has been awarded the central banker of the year for two successive terms at global forums for his deft navigation of the fastest growing major economy in the world. (PTI)

Hot this week

Pay hike of Assam ministers, MLAs likely as 3-member panel submits report

Full report likely by Oct 30 Guwahati Sept 25: There...

Meghalaya Biological Park Inaugurated After 25 Years: A New Chapter in Conservation and Education

Shillong, Nov 28: Though it took nearly 25 years...

ANSAM rejects Kuki’s separate administration demand, says bifurcation not acceptable

Guwahati, Sept 8: Rejecting the separate administration demand of...

Meghalaya’s historic fiber paves the way for eco-friendly products and sustainable livelihoods

By Roopak Goswami Shillong, Oct 25: From making earbuds to...

Meghalaya man missing in Bangkok

Shillong, Jan 10: A 57-year-old Meghalaya resident, Mr. Treactchell...

Australia Hold the Edge, But India Can Spring an Upset: Gargi Banerjee Backs

By Prarthana Hazarika Guwahati, June 27: As India prepare for...

Burkina Faso cuts diplomatic relations with France, once a key ally

Ouagadougou(Burkina Faso), Jun 27: Burkina Faso's military government severed...

CM Yogi Woos Investors to UP with incentives, 75,000-acre land bank, single-window system

Noida, Jun 27: Uttar Pradesh Chief Minister Yogi Adityanath...

15 lakh saplings to be planted across Bengaluru to mark Kempegowda Jayanti: CM

Bengaluru, Jun 27: Karnataka Chief Minister D K Shivakumar...

Chambal Ghariyals win men’s and women’s titles in MPL T20 Scindia Cup

Indore, Jun 27: Chambal Ghariyals completed a successful campaign...

Ayodhya Ram temple donations: Digvijaya seeks FIR and arrest of Champat Rai

Ujjain, Jun 27: Senior Congress leader Digvijaya Singh on...

Woman, two-year-old son found dead in river

Kochi, Jun 27: Police have launched an investigation after...
spot_img

Related Articles

Popular Categories