Shaktikanta Das Appointed as Principal Secretary-2 to PM Modi
| Aspect | Details |
|---|---|
| Why in the news? | Shaktikanta Das appointed as Principal Secretary-2 to PM Modi |
| New Role | Principal Secretary-2 to PM Narendra Modi |
| Appointed By | Appointments Committee of the Cabinet |
| Term | Co-terminus with PM Modi's tenure or until further orders |
| Previous Role | RBI Governor (December 2018 - December 2024) |
| Professional Background | 1980-batch Tamil Nadu cadre IAS officer; served as Revenue Secretary, Economic Affairs Secretary, and Fertilisers Secretary |
| Key Expertise | Fiscal and monetary policy |
| Major Challenges Managed | Demonetization, IL&FS crisis, COVID-19 economic recovery, Russia-Ukraine war impact |
| Key Achievements as RBI Governor | Reduced Gross Non-Performing Assets (GNPA) from 10.8% (2018) to 2.8% (2024); facilitated Rs 1.76 lakh crore surplus transfer; repo rate cut by 125 basis points during COVID-19 |
| Experience in Economic Reforms | Demonetization, Budget planning, 15th Finance Commission, G20 Sherpa (2017) |