RBI governor Shaktikanta Das has been given a three-year extension.
In an order, it said: "The 'Appointments Committee of the Cabinet' has approved the reappointment of Shri Shaktikanta Das, lAS Retd. as Governor, Reserve Bank of India for a period of three years beyond December 10, 2021 or until further orders, whichever is earlier."
According to an official order, the government has extended the term of Reserve Bank of India (RBI) GovernorShaktikanta Das by another three years upto December 2024.
Das was appointed the RBI's 25th governor on December 11, 2018, initially for a period of three years.
An official order dated November 28 said the government has reappointed Das as the governor of the central bank for a period of three years beyond December 10, 2021.
The decision was taken by the Appointments Committee of Cabinet headed by Prime Minister Narendra Modi. With the second term of three years, Das will head the RBI till December, 2024.
Notably, Das had been credited with steering India's monetary policy response to the COVID-19 pandemic.
Besides, industry observers credit him with swiftly rolling out policy measures to ease the economic impact of the pandemic.
The former senior bureaucrat assumed charge as the 25th Governor of the Reserve Bank from December 12, 2018.
Holding key governance portfolios, Das also acted as the Member of the 15th Finance Commission and as the G20 Sherpa of India.
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