Wikipedia

Shaktikanta Das

Shaktikanta Das(born 26 February 1957) is an Indian bureaucrat who served as the 25thgovernorof theReserve Bank of India(RBI). He was earlier a member of theFifteenthFinance Commissionand India'sSherpato theG20.Das is a retired 1980batchIndian Administrative Service(IAS) officer of theTamil Naducadre. Since February 2025, he has been serving as thePrincipal Secretary to the Prime Minister of India,Narendra Modi.[1][2]

Shaktikanta Das
14th Principal Secretary to the Prime Minister of India
Incumbent
Assumed office
22 February 2025
Prime MinisterNarendra Modi
Preceded byPosition created
25thGovernor of the Reserve Bank of India
In office
12 December 2018 – 10 December 2024
Appointed byAppointments Committee of the Cabinet
Preceded byUrjit Patel
Succeeded bySanjay Malhotra
Sherpaof India to theG20
In office
27 November 2017 – 11 December 2018
Appointed byAppointments Committee of the Cabinet
Prime MinisterNarendra Modi
MinisterArun Jaitley
GovernorUrjit Patel
Preceded byArvind Panagariya
Succeeded bySuresh Prabhu
Member of the FifteenthFinance Commission
In office
27 November 2017 – 11 December 2018
Serving withAshok Lahiri
Anoop Chand
Ramesh Chand
Appointed byPresident of India(then,Ramnath Kovind)
ChairmanN. K. Singh
Succeeded byAjay Narayan Jha
Economic Affairs Secretary
In office
31 August 2015 – 28 May 2017
Appointed byAppointments Committee of the Cabinet
MinisterArun Jaitley
Preceded byRajiv Mehrishi
Succeeded bySubhash Chandra Garg
Revenue Secretary
In office
16 June 2014 – 31 August 2015
Appointed byAppointments Committee of the Cabinet
MinisterArun Jaitley
Preceded byRajiv Thakur
Succeeded byHasmukh Adhia
Fertilizers Secretary
In office
26 December 2013 – 15 June 2014
President
Prime MinisterNarendra Modi
Preceded byRajiv Mehrishi
Succeeded byJugal Kishore Mohapatra
Personal details
Born(1957-02-26)26 February 1957(age 68)
Bhubaneswar,Odisha,India
Alma materDelhi University(BA,MA);Utkal University(D.Litt.);University of Birmingham(MPA);
OccupationRetiredIASofficer
ProfessionCivil servant
Signature

During his career as an IAS officer, Das served in various capacities forCentralandTamil Nadu Stategovernments, including asEconomic Affairs Secretary,Revenue Secretary,Fertilizers Secretary.He has also served as India’s Alternate Governor in theWorld Bank,ADB,NDB&AIIB.He has represented India in various international forums like theIMF,G20,BRICS,SAARC,etc.[3]

Early life and education

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Born inBhubaneswar,[4]Das attended theDemonstration Multipurpose School, Bhubaneswar,[5]and then obtained abachelor's(BA) and amaster'sdegrees (MA) inhistoryfrom theSt. Stephen's College, Delhi.[6]He was awardedD.Litt.byUtkal Universityin 2021.[7]

Indian Administrative Services career

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Das served in various positions for both theGovernment of Indiaand theGovernment of Tamil Nadu,including asPrincipal Secretary(Industries), Special Commissioner (Revenue), Secretary (Revenue), Secretary Commercial Taxes, the project director of Tamil Nadu State AIDS Control Society and as thedistrict magistrate and collectorofDindigulandKancheepuramdistrictsin the Tamil Nadu government.[4][6]Das has also served as theUnion Economic Affairs Secretary,Union Revenue Secretary,Union Fertilizers Secretary,Special secretary in theDepartment of Economic Affairsof theMinistry of Financeand as ajoint secretaryin theDepartment of Expenditureof theMinistry of Financein the Indian government.[4][6]

Das also had a stint with Mahindra Industrial Park Ltd (Mahindra World City), on deputation to aprivate sector companyunder Rule6(2)(ii) of theIndian Administrative Service(IAS) (Cadre) Rules, 1954.[6][8]

Das (left) with theUnited States ambassador to IndiaRichard Verma(right) on the signing ofFATCAinNew Delhion 9 July 2015

Revenue Secretary

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Das was appointed Union Revenue Secretary by thePrime Minister-led-Appointments Committee of the Cabinet(ACC) in June 2014.[9][10][11]He assumed the office of Secretary on 16 June 2014 and demitted it on 31 August 2015.[6]

Economic Affairs Secretary

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Das was appointedUnion Economic Affairs Secretaryby the ACC in August 2014,[12][13][14]he assumed the office of Secretary on 31 August 2015,[6][14]and admitted it and simultaneouslysuperannuatedfrom service on 28 May 2017,[6][14]after being given a three-monthextension by the government.[15][16][17]

During his tenure as Union Economic Affairs Secretary, Das was widely regarded as one of the most powerful civil servants in India.[18][19]

Finance Commission

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After his retirement from the IAS, Das was appointed a member of theFifteenthFinance Commissionby the ACC.[20][21][22][23]In addition, he was appointed as India'sSherpato theG20by the ACC.[24][25][26]In December 2018, on his appointment as theGovernor of the Reserve Bank of India,Das resigned from his position in the FifteenthFinance Commission.[27]

Governor of the Reserve Bank of India

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Das was appointed Governor of theReserve Bank of India(RBI) by the ACC on 11 December 2018 for a period of threeyears, replacingUrjit Patelwho had resigned the day before.[28][29][30]Das received an extension in December 2021 for a period of three years.[31]

Das' appointment as RBI governor received mostly positive responses,[32][33][34][35]withDBS Bank's head of markets for India at Singapore, Ashish Vaidya, saying that previous governors of the RBI with anIASbackground, such asY. Venugopal ReddyandDuvvuri Subbarao,had been successful and that Das' "cordial relations with the government [...] [would] likely help policy negotiations."[32]S. S. Mundra,a formerdeputy governorof the RBI, said Das was a "good and balanced choice" for RBI governorship and had "a good understanding of the whole of the financial sector both from the ministry and also in his interactions with the RBI."[33]A formerGovernor of the Reserve Bank of India,C. Rangarajan,said Das had "experience in economic affairs" and would "make a good governor".[34]Gaurav Shah, a senior vice president atGeojit Financial Services,said "a name like Shaktikanta Das carries track record, experience, credentials, credibility and respect along with him."[33]

On the other hand,Nobel laureateand professor at theMassachusetts Institute of Technology,Abhijit Banerjee,said Das' appointment posed a lot of "frightening" questions on governance of autonomous public institutions.[35]Subramanian Swamy,a member of theBharatiya Janata Party,the largest party of the rulingNational Democratic Alliancecoalition,and a nominatedmember of the Rajya Sabha(Council of the States), criticised Das, calling him a "corrupt person" at an event at theIndian School of BusinessinHyderabad.[36][37]

Das as the chief guest at the alumni meet of his school

Das assumed charge as RBI governor on 12 December 2018.[38][39][40]Reactions of the markets to Das' appointment was positive, withBSE SENSEXgaining 629points andNIFTY 50increasing by 188points.[41][42][43][44] As RBI governor, Das serves as theex-officiochairperson of theMonetary Policy Committeeof the central bank.[45][46]He was conferred the 'Central Banker of the Year, Asia-Pacific 2020' award by theLondonbased magazine-The Bankerfor his efforts to make the banking system more robust.[47]

Das (right) withMinister of FinanceArun Jaitley(centre) and the president ofConfederation of Indian Industry,Naushad Forbes(left)

Das was honoured with the title of 'Governor of the Year 2023' by the London-based financial journal Central Banking. He was rated “A+” in the Global Finance Central Banker Report Cards 2023 and 2024 consecutively. Das was placed at the top of the list of three central bank governors who have been rated A+.[48]

Principal Secretary to the Prime Minister of India

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In February 2025, Das was appointed as thePrincipal Secretaryto the Prime Minister of India,Narendra Modi.[49]He is serving alongsidePramod Kumar Mishra,who was appointed in 2019, as the Principal Secretary to the Prime Minister.[50]

References

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  1. ^"Ex-RBI Guv Shaktikanta Das appointed Principal Secretary to PM Modi".The Economic Times.22 February 2025.ISSN0013-0389.Retrieved22 February2025.
  2. ^"Ex RBI Governor Shaktikanta Das Appointed Principal Secretary To PM".ndtv.Retrieved22 February2025.
  3. ^"Reserve Bank of India".rbi.org.in.Archivedfrom the original on 14 October 2023.Retrieved29 April2021.
  4. ^abcSiddharta; Gupta, Surojit (12 December 2018)."Shaktikanta Das: A budget veteran comes to Mint Street".The Times of India.New Delhi:Bennett, Coleman & Co. Ltd.OCLC23379369.Archivedfrom the original on 16 September 2019.Retrieved12 December2018.
  5. ^Dharmendra Pradhan [@dpradhanbjp](26 March 2017)."Attended the alumni function of DM school, BBSR. Felicitated Sh @DasShaktikanta, Secretary Govt of India & a proud alumni of the school"(Tweet).Retrieved12 December2018– viaTwitter.
  6. ^abcdefg"Shaktikanta Das – Executive Record Sheet".Department of Personnel and Training,Ministry of Personnel, Public Grievances and Pensions,Government of India.Archivedfrom the original on 26 August 2018.Retrieved16 December2018.
  7. ^"Utkal University's 50th Convocation: RBI Governor among 5 receives D.Litt degree | Sambad English".3 April 2021.
  8. ^"The Indian Administrative Service (Cadre) rules, 1954"(PDF).Department of Personnel and Training,Government of India.1954.Archived(PDF)from the original on 13 August 2017.Retrieved13 August2017.
  9. ^"Shaktikanta Das appointed as Revenue Secretary".Business Standard.New Delhi.Press Trust of India. 16 June 2014.Retrieved15 January2018.
  10. ^Sinha, Shishir (14 June 2014)."Shaktikanta Das appointed as Revenue Secretary".Business Line.New Delhi:The Hindu Group.ISSN0971-7528.OCLC456162874.Retrieved15 January2019.
  11. ^"Shaktikanta Das takes charge as revenue secretary".Livemint.New Delhi:HT Media Ltd.16 June 2014.Archivedfrom the original on 15 January 2018.Retrieved15 January2018.
  12. ^"Shaktikanta Das appointed Economic Affairs Secretary; Hasmukh Adhia is new Revenue Secretary".The Economic Times.New Delhi.29 August 2015.Archivedfrom the original on 16 January 2018.Retrieved15 January2018.
  13. ^"Das is new economic affairs secy, Hasmukh Adhia revenue secretary".The Indian Express.New Delhi.Express News Service. 29 August 2015.OCLC70274541.Archivedfrom the original on 16 January 2018.Retrieved15 January2018.
  14. ^abc"Shaktikanta Das Takes Charge as Economic Affairs Secretary".NDTV.New Delhi.2 September 2015.Archivedfrom the original on 16 January 2018.Retrieved15 January2018.
  15. ^"DEA Secretary Shaktikanta Das gets 3-month extension".The Hindu.New Delhi.23 January 2017.Archivedfrom the original on 27 June 2024.Retrieved15 January2018.
  16. ^"DEA Secretary Shaktikanta Das gets 3-month extension".Business Standard.New Delhi.Press Trust of India. 23 January 2017.Archivedfrom the original on 15 January 2018.Retrieved15 January2018.
  17. ^"Govt extends Economic Affairs Secretary Shaktikanta Das' tenure by 3 months".The Economic Times.New Delhi.24 January 2017.Archivedfrom the original on 15 January 2018.Retrieved15 January2018.
  18. ^Unnithan, Sandeep (13 April 2017)."The game changers".India Today.ISSN0254-8399.Archivedfrom the original on 11 December 2017.Retrieved11 December2018.
  19. ^"The crack team: Those who made GST a reality - Shaktikanta Das, Former Revenue and Economic Affairs Secretary".The Economic Times.The Times Group.1 July 2017.OCLC61311680.Archivedfrom the original on 11 December 2018.Retrieved11 December2018.
  20. ^"N.K. Singh heads 15th Finance Commission, Shaktikanta Das a member".Business Standard.New Delhi.27 November 2017.Archivedfrom the original on 4 March 2018.Retrieved15 January2018.
  21. ^"NK Singh appointed Chairman of 15th Finance Commission".Business Line.New Delhi:The Hindu.27 November 2017.Archivedfrom the original on 16 April 2021.Retrieved15 January2018.
  22. ^"N.K. Singh appointed chairman of 15th Finance Commission".Livemint.New Delhi:HT Media Ltd.27 November 2017.Archivedfrom the original on 19 February 2018.Retrieved15 January2018.
  23. ^"Former Planning Commission Member NK Singh Appointed 15th Finance Commission Chairman".NDTV.New Delhi.28 November 2017.Archivedfrom the original on 26 February 2018.Retrieved15 January2018.
  24. ^Chakraborty, Subhayan (28 November 2017)."Former DEA secretary Shaktikanta Das confirmed as G-20 sherpa".Business Standard.New Delhi.Archivedfrom the original on 15 January 2018.Retrieved15 January2018.
  25. ^"Shaktikanta Das appointed India's G20 Sherpa until December 31, 2018".The Financial Express.New Delhi.27 November 2017.Archivedfrom the original on 15 January 2018.Retrieved15 January2018.
  26. ^"Shaktikanta Das appointed as India's G20 Sherpa. On 12th December, 2018, he has been appointed as the 25th Governor of the Reserve Bank of India for a period of three years".The Times of India.New Delhi.27 November 2017.Archivedfrom the original on 8 July 2018.Retrieved15 January2018.
  27. ^"Acceptance of resignation of Shri Shaktikanta Das-Member, FFC"(PDF).Department of Economic Affairs,Ministry of Finance,Government of India.11 December 2018.Archived(PDF)from the original on 17 December 2018.Retrieved16 December2018.
  28. ^"Shaktikanta Das Is New RBI Governor".BloombergQuint.BQ Desk. 11 December 2018.Archivedfrom the original on 15 December 2018.Retrieved11 December2018.{{cite web}}:CS1 maint: others (link)
  29. ^Prasad, Gireesh Chandra; Ghosh, Shayan; Gopakumar, Gopika (11 December 2018)."Shaktikanta Das, who oversaw demonetization, is new RBI governor".Livemint.New Delhi/Mumbai:Vivek Khanna.Archivedfrom the original on 12 December 2018.Retrieved12 December2018.
  30. ^"Shaktikanta Das: The man behind GST, note ban now heads RBI".The Economic Times.ET Online.The Times Group.11 December 2018.OCLC61311680.Archivedfrom the original on 16 December 2018.Retrieved11 December2018.{{cite news}}:CS1 maint: others (link)
  31. ^"Shaktikanta Das to start his extended 3-year tenure as RBI governor".Hindustan Times.10 December 2021.Retrieved13 October2023.
  32. ^abDas, Saikat (11 December 2018)."How Shaktikanta Das may aid regain overseas investor confidence".The Economic Times.Mumbai:The Times Group.OCLC61311680.Archivedfrom the original on 27 June 2024.Retrieved12 December2018.
  33. ^abcKurup, Krishna V.; Thomas, Chris; Monnappa, Chandini; Dasgupta, Neha (11 December 2018). Miglani, Sanjeev; Ravikumar, Sai Sachin (eds.)."Expert Views: India appoints Shaktikanta Das as RBI governor".Reuters.Bengaluru/New Delhi.Reuters.Archived fromthe originalon 11 December 2018.Retrieved12 December2018.
  34. ^ab"Shaktikanta Das handled all his assignments well".The Hindu.Chennai:N. Ram.11 December 2018.ISSN0971-751X.OCLC13119119.Archivedfrom the original on 27 June 2024.Retrieved12 December2018.
  35. ^ab"MIT economist Abhijit Banerjee flays government in appointing Shaktikanta Das as RBI Governor".The Financial Express.Press Trust of India.11 December 2018.OCLC30000665.Archivedfrom the original on 27 June 2024.Retrieved12 December2018.
  36. ^"RBI chief Saktikanta Das 'corrupt', says Swamy".The Telegraph.Hyderabad.Press Trust of India.23 December 2018.OCLC271717941.Archivedfrom the original on 23 December 2018.Retrieved24 December2018.
  37. ^"Subramanian Swamy claims new RBI governor Shaktikanta Das is a 'corrupt person'".Scroll.in.Scroll Staff. 23 December 2018.Archivedfrom the original on 24 December 2018.Retrieved24 December2018.{{cite web}}:CS1 maint: others (link)
  38. ^Kaul, Vivek (12 December 2018)."RBI governor Shaktikanta Das takes charge: Seen as a safe bet by govt, new chief of Mint Street starts on a weak wicket".Firstpost.Network 18.Archivedfrom the original on 15 December 2018.Retrieved12 December2018.
  39. ^"Shaktikanta Das takes charge as 25th Governor of the RBI".The Economic Times.ET Online.The Times Group.12 December 2018.OCLC61311680.Archivedfrom the original on 16 December 2018.Retrieved12 December2018.{{cite news}}:CS1 maint: others (link)
  40. ^"Shaktikanta Das Takes Charge As 25th RBI Governor".BloombergQuint.BQ Desk. 12 December 2018.Archivedfrom the original on 15 December 2018.Retrieved12 December2018.{{cite web}}:CS1 maint: others (link)
  41. ^"Markets end higher as new RBI chief takes charge, Sensex surges 629 points".The Times of India.TIMESOFINDIA.COM.New Delhi:Bennett, Coleman & Co. Ltd.12 December 2018.OCLC23379369.Archivedfrom the original on 12 December 2018.Retrieved12 December2018.{{cite web}}:CS1 maint: others (link)
  42. ^"Closing bell: Sensex surges 629 points, Nifty above 10,700 after RBI chief appointment".Livemint.Livemint.Mumbai:Vivek Khanna. 12 December 2018.Archivedfrom the original on 27 June 2024.Retrieved12 December2018.{{cite web}}:CS1 maint: others (link)
  43. ^"Sensex, Nifty post biggest 1-day gain in 5 weeks; here are 3 key reasons behind surge".The Financial Express.FE Online. 12 December 2018.OCLC30000665.Archivedfrom the original on 12 December 2018.Retrieved12 December2018.{{cite web}}:CS1 maint: others (link)
  44. ^Yadnya Investment Academy (11 December 2018)."कौन हैं नए RBI Governor? जानिए नए RBI गवर्नर को"[Who is the new RBI Governor].Archivedfrom the original on 22 August 2023.Retrieved29 July2020– via Youtube.
  45. ^"Newly appointed deputy governor to look after RBI's monetary policy division".Livemint.Mumbai:Vivek Khanna.Press Trust of India.15 January 2020.Archivedfrom the original on 16 January 2020.Retrieved16 January2020.
  46. ^"RBI appoints ED Janak Raj as member of MPC".The Economic Times.Mumbai.Press Trust of India.29 January 2020.ISSN0013-0389.OCLC61311680.Archivedfrom the original on 28 August 2020.Retrieved3 April2020.
  47. ^"RBI Governor Shaktikanta Das bags 'Central Banker of the Year 2020, Asia-Pacific' award".@businessline.Archivedfrom the original on 29 April 2021.Retrieved29 April2021.
  48. ^shivampatel1 (28 October 2024)."Shaktikanta Das Earns A+ in Central Bank Report Card 2024".adda247.Retrieved5 November2024.{{cite web}}:CS1 maint: numeric names: authors list (link)
  49. ^"Shaktikanta Das to be second Principal Secretary to PM".The Hindu BusinessLine.22 February 2022.Retrieved6 March2025.
  50. ^Bhat, Swati; Singh, Sarita Chaganti (24 February 2025)."Naming ex-India central bank chief Das as key aide highlights Modi's economic focus".Reuters.Retrieved6 March2025.
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