Sanjay Malhotra Appointed New RBI Governor, To Succeed Das

Aakhir Tak – In Shorts

1. Sanjay Malhotra appointed as the new RBI Governor for three years.
2. He is a 1990-batch IAS officer and currently serves as Revenue Secretary.
3. Malhotra will succeed Shaktikanta Das in this role.
4. His expertise spans finance, taxation, and financial services.
5. Managing inflation and economic stability will be his key challenges.

Aakhir Tak – In Depth

Introduction to Sanjay Malhotra

Sanjay Malhotra, a 1990-batch Indian Administrative Service (IAS) officer, has been appointed as the new Governor of the Reserve Bank of India (RBI) for a three-year term. He will replace Shaktikanta Das, bringing with him over three decades of administrative and financial expertise.

Educational and Professional Journey

Malhotra is an engineering graduate in Computer Science from IIT Kanpur and holds a Master’s degree in Public Policy from Princeton University, USA. His career spans various roles in the state and central governments, focusing on critical sectors like taxation, financial services, and IT.

Key Contributions

1. Revenue Secretary: Since December 2022, Malhotra has been instrumental in shaping India’s tax policies, ensuring buoyant revenue collection.
2. GST Council Role: He balanced states’ fiscal expectations while preserving the national tax system’s integrity.
3. Financial Services Expertise: His leadership in India’s banking and financial sectors brought substantial reforms.

Challenges as RBI Governor

As the new RBI Governor, Malhotra faces the twin tasks of managing inflation and ensuring economic stability. His deep understanding of fiscal policymaking is expected to guide India’s monetary policies amid global uncertainties.

Aakhir Tak – Key Takeaways to Remember

• Sanjay Malhotra is the 27th RBI Governor, succeeding Shaktikanta Das.
• His three-year tenure comes with significant economic challenges.
• His extensive experience in taxation and financial services will shape RBI’s direction.
• Balancing inflation and growth remains his top priority.

Aakhir Tak Editor-in-Chief

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