3 year extension to RBI Governor
RBI Governor gets three year extension Shri Shaktikanta Das’ term as RBI Governor is extended by another three years. He will be the first Governor to get an extension after Shri Subba Rao (2008-13). Shri Raghuram Rajan had a three year term (2013-16), while Shri Urjit Patel quit office a little over two years after assuming charge in 2016. It is also worth noting that Shri Das may be among the few, who got an extension of three years. (Shri Y.V. Reddy and Shri Subba Rao had a tenure of five years). Not surprising, if one considers the way RBI ensured 'financial calmness' in the country, which continue to suffer and struggle resulting from the global epidemic COVID, resultant lockdowns and paralysis in the economy, threatening the livelihood of billions of Indians. B y not touching the panic button during COVID, creating a positive atmosphere all around with rate cut and liquidity initiatives, Shri Das enabled the businesses and individuals to get over financial stress ...