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Sanjay Malhotra is a 1990 batch Indian Administrative Service (IAS) officer of Rajasthan cadre. (file photo)
The government has appointed Sanjay Malhotra as the new Governor of Reserve Bank of India (RBI). Sanjay has replaced Shaktikanta Das, who was the governor for 6 years. During Das’s tenure, many successful and useful decisions are associated with him.
During the Corona pandemic, Shaktikanta Das always played a leading role in providing relief to taxpayers in tax payments, maintaining liquidity in the economy and taking necessary decisions to keep the economy stable amid war situations across the world.
Sanjay Malhotra will be the Governor of RBI for the next three years from today. Shaktikanta Das’s legacy is associated with him, in which some things will make his work easier and some may present challenges. In such a situation, let us know some big responsibilities that have to be fulfilled on the first day of Sanjay’s tenure.
- Sanjay Malhotra is going to take charge of the Central Bank at a time when economic growth has slowed down. Apart from this, inflation has reached above the prescribed limit. Dealing with this dual challenge will be one of the most important tasks for them.
- Retail inflation rose to a 14-month high of 6.21% in October. At the same time, in the July-September quarter, the country’s GDP growth had declined to 5.4%, the lowest level in seven quarters. It will be the responsibility of the new governor to bring it on track.
- RBI has not made any change in the repo rate for the last two years. In the last one month, the Finance Minister, Industry Minister and Petroleum Minister have advocated reduction in interest rates. The decision of rate cut is going to be more challenging for Sanjay Malhotra.
- At one time the amount deposited with banks had reached Rs 2.86 lakh crore, but on August 28 it has come down to less than Rs 1 lakh crore. Experts believe that the pressure on banks to increase deposits may continue for some more time.
Sanjay said- First let me understand the field
A day after his appointment, Sanjay Malhotra said on Tuesday (December 10) that after joining, he will first spend time in understanding better solutions for the country’s economy. Malhotra said, ‘Let me join first, let me understand the important topics. This is a different role. You have to do the best whatever is necessary for the economy.
Malhotra is counted among PM Narendra Modi’s favorite officers.
In matters of finance, Malhotra is counted among the reformist and strong working officers. He has experience of working in almost all the departments of Rajasthan. He is a resident of Rajasthan. Malhotra is counted among PM Narendra Modi’s favorite officers.
This thing is famous about Sanjay Malhotra- Before working on any issue, they do extensive research on it. Even while roaming or walking in the park, they keep searching, listening and watching something or the other from the internet. When a presentation is given in front of the CM, it is given quoting that research only. In such a situation, the deep impact of his words and thoughts is seen in every meeting.
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Sanjay Malhotra will be the new Governor of RBI: Will take charge on December 11, replacing Shaktikanta Das, who has been governor for 6 years.
The government has appointed Revenue Secretary Sanjay Malhotra as the new Governor of the Reserve Bank of India (RBI). He will be the 26th Governor of RBI and will replace the current Governor Shaktikanta Das.
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Last day of Shaktikanta Das’ tenure: Said- It is very difficult to take decisions, always tried to give the best; Been RBI Governor for 6 years
The tenure of Reserve Bank of India (RBI) Governor Shaktikanta Das is ending today (December 10). Shaktikanta Das was made the RBI Governor on 12 December 2018. His tenure was later extended for three years.
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