Former Reserve Bank of India (RBI) Governor Shaktikanta Das has been appointed as Principal Secretary-2 to Prime Minister Narendra Modi. In this new role, he will serve as one of PM Modi's most trusted advisors on policy formulation, economic reforms, and financial matters.
New Delhi: Former RBI Governor Shaktikanta Das has been appointed as Principal Secretary-2 to Prime Minister Narendra Modi. This new responsibility will see him acting as one of PM Modi's most trusted advisors on policymaking, economic reforms, and financial matters. Das's appointment reflects his decades of experience in the Indian Administrative Service and the field of financial policy.
Shaktikanta Das: An Experienced Strategist in Economic Policy
Shaktikanta Das possesses extensive experience in financial policies, fiscal reforms, and the budgetary process. He played a significant role in formulating eight Union Budgets and made crucial contributions to policymaking during major decisions such as demonetization. He is counted among India's most experienced economic administrators, having also led the Revenue, Economic Affairs, and Fertilizers Departments in the Ministry of Finance.
Key Role in Demonetization and Budgetary Reforms
Shaktikanta Das's name is associated with the 2016 demonetization policy, where he played a crucial role in its implementation. As Economic Affairs Secretary at the time, his role in managing cash flow, implementing the new monetary policy, and maintaining stability in the banking system was lauded. Furthermore, he made significant contributions to promoting financial inclusion and digital payment systems.
Key Achievements of Shaktikanta Das
* Maintained stability in the Indian economy during the pandemic while serving as RBI Governor (2018-2024).
* Represented India on global platforms such as the G20, BRICS, IMF, and AIIB.
* Strengthened India's budget and tax systems as Finance Secretary and Economic Affairs Secretary.
* Played an active role in demonetization, GST, and banking reforms.
Responsibilities as Principal Secretary-2
* Advising the PM on economic policy and financial strategy.
* Guiding the government on major schemes and budgetary decisions.
* Formulating India's policies in light of global economic challenges.
* Coordinating with NITI Aayog, the Ministry of Finance, and other government departments.
