Mumbai: India’s central bank Governor Shaktikanta Das has built up support on both sides of the political divide, making his position relatively safe under a new government no matter who wins the election. He’s likely to stay in his post after India concludes its election process on May 23, central bank watchers say. Before becoming governor, Das was economic affairs secretary in Modi’s government, and the public face of the prime minister’s controversial decision in November 2016 to ban high-value currency notes. As an official in the finance ministry under then Prime Minister Manmohan Singh, he was instrumental in preparing federal budgets, working closely with then-Finance Minister Palaniappan Chidambaram. Das was moved to the fertilizer ministry in December 2013 after a five-year stint at the finance ministry under the then Congress-led government.

Source: Mint May 02, 2019 09:22 UTC