Shaktikanta Das Thanks Modi, Sitharaman On His Way Out As RBI Governor
Shaktikanta Das, the 25th Governor of the Reserve Bank of India, is set to demit office on Tuesday, marking the end of his six-year tenure at the helm of the country's central bank. His departure comes as Sanjay Malhotra, the current Revenue Secretary, is poised to take over as the 26th Governor of the RBI.
In a heartfelt message on social media platform X, Das expressed his gratitude for the opportunity to serve the country. "Will demit office as Governor RBI later today. Thank you everyone for your support and good wishes," he posted.
Will demit office as Governor RBI later today. Thank you everyone for your support and good wishes.(1/5)
December 10, 2024Under Das's leadership, the RBI dealt with key challenges, including the economic fallout from the Covid-19 pandemic and the subsequent recovery phase.
He also thanked Prime Minister Narendra Modi for his guidance throughout his tenure. "Immensely grateful to the Hon'ble PM @narendramodi for giving me this opportunity to serve the country as Governor RBI and for his guidance and encouragement. Benefited a lot from his ideas and thoughts," Das wrote.
Immensely grateful to the Hon'ble PM @narendramodi for giving me this opportunity to serve the country as Governor RBI and for his guidance and encouragement. Benefited a lot from his ideas and thoughts. (2/5)
December 10, 2024Additionally, Das acknowledged the constant support of Finance Minister Nirmala Sitharaman, recognising the importance of the collaboration between the fiscal and monetary arms of the government. "Heartfelt thanks to Hon'ble FM @nsitharaman for her constant support and backing. The fiscal-monetary coordination was at its best and helped us to deal with the multiple challenges during the last six years," he stated.
Heartfelt thanks to Hon'ble FM @nsitharaman for her constant support and backing. The fiscal-monetary coordination was at its best and helped us to deal with the multiple challenges during the last six years. (3/5)
December 10, 2024Das's tenure saw significant achievements, including leading India's central bank through the pandemic while maintaining economic stability. He was also twice ranked as the world's top central banker by the US-based Global Finance magazine.
Das also thanked the entire financial industry and said, "I thank all the stakeholders in the financial sector and in the economy; experts and economists; industry bodies and associations; organisations in the agriculture, cooperative & service sectors for their inputs and policy suggestions"
I thank all the stakeholders in the financial sector and in the economy; experts and economists; industry bodies and associations; organisations in the agriculture,cooperative & service sectors for their inputs and policy suggestions. (4/5)
December 10, 2024Das chaired his final meeting of the Monetary Policy Committee last week, where decisions on interest rates and monetary policy direction were discussed.
Lastly, Das poured his heart out to the entire team of RBI as he said, "A BIG thank you to the entire Team RBI. Together, we successfully navigated an exceptionally difficult period of unprecedented global shocks. May the RBI grow even taller as an institution of trust and credibility. My best wishes to each one of you"
A BIG thank you to the entire Team RBI. Together, we successfully navigated an exceptionally difficult period of unprecedented global shocks. May the RBI grow even taller as an institution of trust and credibility. My best wishes to each one of you. (5/5)
December 10, 2024
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
