Write about the present RBI governor-his name,his term and his functions.
Answers
Answer:
Shaktikanta Das
Explanation:
term:from 12 December 2018
function:The governor of the RBI is responsible for regulating and administering the financial system of the nation. He is responsible for setting parameters within which the whole financial system will function. Not a rupee can be moved without the permission of the governor of RBI.
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Answer:
Shaktikanta Das
Explanation:
Das was appointed Governor of the Reserve Bank of India by the ACC on 11 December 2018 for a period of three years, replacing Urjit Patel who had resigned the day before.
Das' appointment as RBI governor received mostly positive responses,with DBS Bank's head of markets for India at Singapore, Ashish Vaidya, saying that previous governors of the RBI with an IAS background, such as Y. Venugopal Reddy and Duvvuri Subbarao, had been successful and that Das' "cordial relations with the government [would] likely help policy negotiations." S. S. Mundra, a former deputy governor of the RBI, said Das was a "good and balanced choice" for RBI governorship and had "a good understanding of the whole of the financial sector both from the ministry and also in his interactions with the RBI.'' A former Governor of the Reserve Bank of India C. Rangarajan, said Das had "experience in economic affairs" and would "make a good governor". Gaurav Shah, a senior vice president at Geojit Financial Services, said "a name like Shaktikanta Das carries track record, experience, credentials, credibility and respect along with him."
On the other hand, Nobel laureate and professor at the Massachusetts Institute of Technology, Abhijit Banerjee, said Das' appointment posed a lot of "frightening" questions on governance of autonomous public institutions.[30] Subramanian Swamy, a member of the Bharatiya Janata Party, the largest party of the ruling National Democratic Alliance coalition, and a nominated member of the Rajya Sabha (Council of the States), criticised Das, calling him a "corrupt person" at an event at the Indian School of Business in Hyderabad.
Das assumed charge as RBI governor on 12 December 2018. Reactions of the markets to Das' appointment was positive, with BSE SENSEX gaining 629 points and NIFTY 50 increasing by 188 points.
As RBI governor, Das serves as the ex-officio chairperson of the Monetary Policy Committee of the central bank.