Shaktikanta Das, former RBI Governor, appointed as PM Modi’s Principal Secretary. His tenure will last until the end of the Prime Minister’s term or further notice. BVR Subrahmanyam, CEO of NITI Aayog, has been given a one-year extension. Das has four decades of governance experience in finance, industry, and infrastructure. Played a crucial role in India’s economic stability during the COVID-19 crisis as RBI Governor.
Key Highlights:
Shaktikanta Das: A Key Appointment in Modi’s Administration:
In a significant government appointment, former Reserve Bank of India (RBI) Governor Shaktikanta Das has been named the Principal Secretary to Prime Minister Narendra Modi. The announcement was made by the Cabinet’s Appointments Committee, stating that Das will serve in this role for the duration of the Prime Minister’s term or until further orders.
This appointment marks a critical transition in India’s administrative framework, with Das bringing his extensive experience in finance, taxation, and economic policy-making into the Prime Minister’s core advisory team.
BVR Subrahmanyam’s One-Year Extension as NITI Aayog CEO:
In another major decision, the government has extended the tenure of BVR Subrahmanyam, the CEO of NITI Aayog, by one year starting February 24, 2025. Subrahmanyam, a 1987-batch retired Indian Administrative Service (IAS) officer, was appointed as the CEO of India’s leading government think tank in February 2023 for a two-year term. His expertise in policy execution and economic governance has been instrumental in NITI Aayog’s strategic initiatives.
Shaktikanta Das’ Extensive Experience and Contributions:
Shaktikanta Das has over four decades of experience in governance, with significant roles in both the central and state governments. His career spans multiple sectors, including:
- Finance and Taxation – Leading crucial policy reforms.
- Industry and Infrastructure – Driving India’s economic growth.
- Monetary and Economic Policies – Managing national economic stability.
As RBI Governor from December 2018 to December 2024, Das played a pivotal role during the COVID-19 pandemic, leading India’s financial system through one of its toughest crises. Under his leadership, the RBI implemented numerous monetary, liquidity, and regulatory policies to cushion the economy from the pandemic’s adverse effects. His innovative policy measures helped stabilize financial markets and support economic recovery.
Impact of Das’ Leadership in the RBI:
During his tenure as RBI Governor, Shaktikanta Das introduced several key policies to bolster India’s financial stability, including:
- Liquidity Support Measures – Ensuring adequate liquidity in financial markets.
- Regulatory Relief – Easing norms for businesses and financial institutions.
- Economic Stimulus – Implementing interest rate cuts to boost lending and growth.
- Strengthening Financial Institutions – Enhancing banking sector resilience.
His strategic interventions were widely praised for mitigating the economic impact of COVID-19, ensuring stability in the banking system, and fostering a robust recovery for India’s economy.
What This Means for India’s Economic and Administrative Future:
The appointment of Shaktikanta Das as Principal Secretary to PM Modi comes at a crucial juncture for India’s economic landscape. With his expertise, he is expected to contribute significantly to policy decisions, economic strategies, and governance reforms at the highest level.
Meanwhile, BVR Subrahmanyam’s extended tenure at NITI Aayog ensures continuity in India’s economic planning and policy innovation.
The appointment of Shaktikanta Das as Principal Secretary to PM Modi and the extension of BVR Subrahmanyam as NITI Aayog CEO underscore the government’s focus on experienced leadership for driving economic and administrative efficiency. With Das’ deep financial knowledge and governance experience, his new role will be crucial in shaping India’s economic policies and administrative strategies.
For more updates on major government appointments and economic policies, stay tuned to Hindustan Herald.
The Hindustan Herald Is Your Source For The Latest In Business, Entertainment, Lifestyle, Breaking News, And Other News. Please Follow Us On Facebook, Instagram, Twitter, And LinkedIn To Receive Instantaneous Updates. Also Don’t Forget To Subscribe Our Telegram Channel @hindustanherald