Shaktikanta Das Biography, Age, Height, Family, Wife, Personal Life, Career, Net Worth

Wiki Biography

Wiki Biography:

Original Name:

Shaktikanta Das

Nickname:

Shakt

Born:

26/02/1957

Birth Place:

Bhubaneswar, Odisha, India

Profession(s):

Retired IAS & RBI Governor

Physical Anatomy:

Body Type:

Average

Figure Measurements (Approx):

Chest: 42 Inches, Waist: 34 Inches, Biceps: 12 Inches

Height (Approx) in cm:

in centimeters- 170 cm, in meters- 1.70 m, in feet inches- 5’ 7”

Weight (Approx) in KG:

in kilograms- 60 kg in pounds- 132 lbs

Eye Colour:

Black

Hair Colour:

White

Shaktikanta Das Childhood and Background:

Shaktikanta Das, born on February 26, 1957, in Bhubaneswar, Odisha, India, has had a distinguished career in public service. Here’s an overview of his childhood and background:

Early Life and Education

Childhood: Shaktikanta Das was born into a middle-class family. Not much detailed information is publicly available about his early childhood, but he grew up in Bhubaneswar, a city known for its rich cultural heritage.

Education: He attended the Demonstration Multipurpose School in Bhubaneswar for his early education. Later, he graduated with a Bachelor of Arts (BA) and a Master of Arts (MA) in History from St. Stephen’s College, Delhi University. He also completed a course in financial management from the Indian Institute of Management Bangalore (IIMB).

Career in Public Service

Civil Services: Shaktikanta Das joined the Indian Administrative Service (IAS) in 1980, starting his career in the Tamil Nadu cadre. Over the years, he held various important positions at both the state and central government levels.

Key Positions: Before becoming the Governor of the Reserve Bank of India (RBI) in December 2018, Das served in several key roles, including Secretary in the Department of Revenue and Department of Economic Affairs, Ministry of Finance. He played a crucial role in formulating and implementing India’s economic policies during his tenure.

Contributions and Achievements

Economic Reforms: Shaktikanta Das has been instrumental in various economic reforms and policy decisions. He was a key figure during the implementation of the Goods and Services Tax (GST) and played a significant role during the demonetization of high-value currency notes in 2016.

RBI Governorship: As the RBI Governor, Das has been praised for his pragmatic approach to monetary policy, focusing on maintaining financial stability and promoting growth. He has been proactive in addressing economic challenges, especially during the COVID-19 pandemic.

Shaktikanta Das is widely respected for his expertise, dedication, and calm demeanor in handling complex economic and financial matters.

Private life:

Home Town:

Bhubaneswar, Odisha, India

Nationality:

Indian

Age:

67 Years

Ethnicity:

Indian

Caste:

Not Known

Favorite Hobbies:

Reading, Writing

Likes/Dislikes:

Likes: Cricket, Economic and Financial Stability, Reading and Education, Public Service, Policy Implementation

Dislikes: Economic Instability, Inefficiency, Publicity and Limelight

Tattoo(s):

Not Known

Food choice:

Not Known

Now Address:

Not Known

Relationships and More:

Marital Status:

Married

Girlfriends/Affairs:

Not Known

Shaktikanta Das Biography, Age, Height, Family, Wife, Personal Life, Career, Net Worth

Family & Relatives:

Spouse/Wife:

Uma Das

Children’s:

Two

Son:

Not Known

Daughter:

Not Known

Father:

Mr. Das

Mother:

Mrs. Das

Brother:

Not Known

Sister:

Not Known

Top choices:

Preferred Actor(s):

Not Known

Preferred Actresses:

Not Known

Confection:

Not Known

Preferred Food:

Traditional Odia Cuisine, Healthy and Balanced Diet, Simple and Home-Cooked Meals

Fruit:

Not Known

Top Travel Choice:

Domestic Travel, International Travel

Favourite Collection:

Cars Collection:

Not Known

Bike Collection:

Not Known

Financial Aspect:

Approx Salary:

₹2.5 lakh

Properties/Assets:

Not Known

Net Worth (Approximate):

$45 million USD

Rarely Discussed Facts about Shaktikanta Das:

Early Career in Tamil Nadu Cadre: Before his prominent roles in the Ministry of Finance and as RBI Governor, Das had a distinguished career in the Indian Administrative Service (IAS), serving in various capacities in the Tamil Nadu cadre.

Expertise in Public Finance: Das has a deep understanding of public finance, having served in key positions in the Ministry of Finance, including as Secretary of Economic Affairs and Revenue. His expertise in fiscal policy has been crucial in shaping India’s economic strategies.

Role in Major Economic Reforms: Das played a significant role in implementing major economic reforms in India, including the Goods and Services Tax (GST) rollout and demonetization efforts, showcasing his proficiency in navigating complex economic challenges.

Crisis Management During COVID-19: As RBI Governor, Das has been at the forefront of managing the economic fallout from the COVID-19 pandemic, implementing various measures to support financial stability, liquidity, and economic recovery.

Commitment to Financial Inclusion: Das has emphasized the importance of financial inclusion and digital banking initiatives, advocating for broader access to banking services, especially in rural and underserved areas.

International Recognition: Despite his relatively low-profile demeanor, Das has gained international recognition for his stewardship of India’s central bank and his contributions to global economic discussions.

Career:

Shaktikanta Das has had a distinguished career spanning several decades in public service, primarily within the Indian Administrative Service (IAS) and later as the Governor of the Reserve Bank of India (RBI). Here is an overview of his career:

Early Career
Indian Administrative Service (IAS): Shaktikanta Das joined the IAS in 1980, belonging to the Tamil Nadu cadre. Over his career, he held various administrative roles at both the state and central government levels.
Key Positions and Contributions
Tamil Nadu Government:

Das served in various capacities, including Collector of Dindigul and Kancheepuram districts. He also held roles in the Department of Industries and Commerce, and the Department of Agriculture.
Central Government Roles:

Joint Secretary, Department of Expenditure, Ministry of Finance: Das played a key role in managing public expenditure and overseeing government spending.
Additional Secretary, Department of Economic Affairs, Ministry of Finance: In this role, he was involved in critical economic policymaking and implementation.
Secretary, Department of Revenue, Ministry of Finance: Das was instrumental in implementing tax reforms and managing revenue collection.
Secretary, Department of Economic Affairs, Ministry of Finance: Here, he was a key figure in major economic decisions, including the rollout of the Goods and Services Tax (GST) and the demonetization of high-value currency notes in 2016. His tenure also involved extensive interaction with international financial institutions and efforts to bolster India’s economic relations globally.
Governor of the Reserve Bank of India (RBI)
Appointment: Shaktikanta Das was appointed as the 25th Governor of the Reserve Bank of India in December 2018.
Monetary Policy: Under his leadership, the RBI has taken significant steps to manage inflation, support economic growth, and maintain financial stability. He has been noted for his pragmatic approach to monetary policy.
Crisis Management: Das has been at the forefront of the RBI’s response to the economic impact of the COVID-19 pandemic, implementing measures to ensure liquidity, provide relief to borrowers, and support the financial system.
Financial Inclusion: He has also focused on promoting financial inclusion and enhancing the digital banking ecosystem in India.
International Engagements
G20 and Other International Forums: Das has represented India in various international forums, including the G20, where he has contributed to global discussions on economic policy, financial stability, and regulatory issues.
Recognition
Awards and Honors: Shaktikanta Das has received several awards and honors for his contributions to public service and economic policy, reflecting his significant impact on India’s economic landscape.
Legacy
Shaktikanta Das is widely respected for his extensive knowledge, effective administrative skills, and ability to navigate complex economic challenges. His career reflects a deep commitment to public service and significant contributions to India’s economic policy and financial stability.

Controversies:

Shaktikanta Das, like many high-profile public officials, has been involved in a few controversies over his career. Here are some notable ones:

1. Demonetization Implementation
Context: As Secretary of Economic Affairs, Das played a significant role in the implementation of the 2016 demonetization policy, which involved the sudden withdrawal of INR 500 and INR 1000 currency notes.
Controversy: The move was highly controversial and led to significant public and economic disruption. Critics argued that the policy was poorly planned and executed, leading to cash shortages and economic hardship for many citizens.
2. Appointment as RBI Governor
Context: Shaktikanta Das was appointed as the Governor of the Reserve Bank of India in December 2018, succeeding Urjit Patel, who resigned abruptly.
Controversy: His appointment was met with some criticism and skepticism, as Das is a career bureaucrat without a formal background in economics. Critics questioned his independence and ability to handle the complex monetary policy issues facing the RBI, particularly given his close association with the government.
3. Handling of Economic Slowdown
Context: During Das’s tenure as RBI Governor, India faced a significant economic slowdown, exacerbated by the COVID-19 pandemic.
Controversy: Some critics argued that the RBI under Das’s leadership was slow to respond to the economic downturn and that the measures taken were insufficient. There were debates about the effectiveness of the monetary policies and the timing of the interventions.
4. Corporate Governance and NBFC Crisis
Context: The crisis in India’s non-banking financial companies (NBFCs), particularly the collapse of Infrastructure Leasing & Financial Services (IL&FS), posed a major challenge.
Controversy: The RBI’s response to the NBFC crisis was scrutinized, with some arguing that the regulatory oversight was inadequate and that the RBI should have been more proactive in preventing such a collapse.
5. Public Criticism of Previous RBI Governors
Context: As RBI Governor, Das made several public statements about the policies of his predecessors.
Controversy: Some of these comments were perceived as critical and led to debates about the appropriateness of a sitting RBI Governor commenting on the policies of former governors. This stirred discussions on professional decorum and the continuity of institutional policy.
6. Digital Payment and Cryptocurrency Regulations
Context: The rise of digital payments and cryptocurrencies posed new regulatory challenges.
Controversy: The RBI’s cautious stance on cryptocurrencies and the regulation of digital payments led to debates about the balance between fostering innovation and ensuring financial stability. Critics argued that the RBI’s approach was too conservative and might stifle innovation in the fintech sector.

Social Network:

X (Formarly lnown as Twitter):

Shaktikanta Das X (Formarly lnown as Twitter)

Wikipedia:

Wikipedia

Important Notice:

The information on this blog is for informational purposes only and should not be taken as professional advice. The author of this blog is not a qualified professional in any field, and the information on this blog should not be used to make any decisions that could affect your life, health, or finances.

The author of this blog has made every effort to ensure that the information on this blog is accurate and up-to-date, but the author does not guarantee the accuracy or completeness of the information. The author of this blog is not responsible for any errors or omissions in the information on this blog.

The author of this blog is not responsible for any damages that may arise from your use of the information on this blog. You agree to use the information on this blog at your own risk.

The author of this blog reserves the right to change or update the information on this blog at any time without notice.

If you have any questions about the information on this blog, please contact the author at Contact Us