ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Das assumed charge as RBI governor on 12 December 2018. Reactions of the markets to Das’ appointment was positive, with BSE SENSEX gaining 629 points and NIFTY 50 increasing by 188 points. As RBI governor, Das serves as the ex-officio chairperson of the Monetary Policy Committee of the central bank.

Detailed explanation-2: -Shri Shaktikanta Das, IAS Retd., former Secretary, Department of Revenue and Department of Economic Affairs, Ministry of Finance, Government of India assumed charge as the 25th Governor of the Reserve Bank of India effective December 12, 2018.

Detailed explanation-3: -While Rs 34 lakh is a decent pay package for a government-run entity, it pales in comparison with the compensation earned by private-bankers. For instance, HDFC Managing Director and CEO Keki Mistry took home a gross package of Rs 19 crore in the financial year 2022.

Detailed explanation-4: -Today, we have the senior management of Reserve Bank, starting with Governor, Shri Shaktikanta Das – Deputy Governors, Shri M.K. Jain; Dr. Michael Patra; Shri M.