Former Department of Economic Affairs Secretary Shaktikanta Das has been appointed as the new Governor of the Reserve Bank of India after Monday's shock resignation of Urjit Patel.
Das, a retired 1980 batch IAS officer of the Tamil Nadu cadre holds Bachelor's and Master's degrees in History. He has served in a number of administrative positions apart from Economic Affairs Secretary, including Revenue Secretary and Fertilisers Secretary.
Following his retirement (he had been Economic Affairs Secretary from August 2015 to May 2017), Das was appointed as a member of the Fifteenth Finance Commission and as India's Sherpa to the G-20.
The appointment of Das comes just about 24 hours after Urjit Patel resigned from the post of Governor of India's central bank citing personal reasons. His resignation followed a weeks-long high profile standoff with the government over a range of issues, that was precipitated by a tempestuous speech by RBI Deputy Governor Viral Acharya in which it was inferred that the independence of the RBI had been threatened.
Following Acharya's speech there was enormous discussion, deliberation and speculation over the precise nature of the tension between the RBI and the government (Acharya had left little unsaid). Over the next month and a half, this list became quite long and came to include at least the following items, most of which have been acknowledged in some way or the other: