The government has appointed retired IAS officer and former Reserve Bank of India (RBI) Governor Shaktikanta Das as Principal Secretary-2 to Prime Minister Narendra Modi. Das is the first Principal Secretary with significant experience in both fiscal and monetary policy, making his role vital as the Indian economy grapples with issues like trade wars, rupee fluctuations, and a slowdown. His term will coincide with that of the Prime Minister or continue until further notice.
Key Points of Shaktikanta Das’s Appointment
Appointment Details
- Appointed as Principal Secretary-2 to PM Modi.
- Tenure will align with the Prime Minister’s term or until further orders.
Significance of His Appointment
Comes at a time when the Indian economy faces multiple challenges like,
- Trade wars sparked by US policies.
- Rupee volatility.
- Overall economic slowdown.
- His vast experience positions him to balance government’s growth objectives with inflation control.
