“Governor of the Year” for 2023: The Reserve Bank of India’s Governor, Shaktikanta Das, has been named “Governor of the Year” for 2023 by Central Banking, an international economic research journal. The publication praised Das for his steady leadership during challenging periods, including the collapse of a significant non-banking company, the initial and second waves of the COVID-19 pandemic, and inflationary pressures due to Russia’s invasion of Ukraine.
March 2023 Current Affairs Quiz
This is the second time an Indian central bank governor has received the award, the first being Raghuram Rajan in 2015. Das’s leadership at RBI was critical in implementing essential reforms, innovative payment systems, and growth-oriented measures during the pandemic. He skillfully navigated political pressures and economic crises, earning accolades for his efforts.
Despite the fact that the National Bank of Ukraine received the Central Bank of the Year award, Das was deemed a deserving recipient of the Governor of the Year award due to his leadership during times of crisis and significant contributions to India’s economic reforms. Das’s ability to navigate political pressures and economic challenges with skill and professionalism, earning him praise from his peers and the Indian public. This award acknowledges his outstanding contributions to India’s economic growth and development, and highlights the importance of strong leadership in managing complex economic challenges.