No Images? Click here Former economic affairs secretary Shaktikanta Das was appointed the new Governor of the Reserve Bank of India (RBI) on Tuesday, a day after Urjit Patel resigned as the central bank's chief citing "personal reasons". Das was also in the race to become the RBI governor in 2016, after Raghuram Rajan's term ended.Das was tasked with defending the Narendra Modi government's most controversial financial reforms—demonetisation and GST—during his tenure. His explanation in both cases was identical: they will cause disruption for 2-3 months, but will bear fruit in the long run.New to this email? You can sign up here.You can also follow HuffPost India on Flipboard.©2018 HuffPost India | Worldmark 3, FL 3, Aerocity, Indira Gandhi International Airport, New Delhi, Delhi 110037 |
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