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RBI Governor Shakikanta DasReserve Bank of India Governor Shaktikanta Das has been honored with the Governor of the Year award. Central Banking has awarded him with this honour. Shaktikanta Das was made RBI Governor after the resignation of former RBI Governor Urjit Patel. After that, he has successfully dealt with challenges like the Corona epidemic, the Russia-Ukraine war and the economic slowdown during his tenure.
Central Banking Publications is a public policy and financial market publication company that tracks the world’s central banks and international financial institutions. Earlier in 2015, the Central Banking has also honored former RBI Governor Raghuram Rajan with the Governor of the Year award. In its award note, the Central Banking said that India’s GDP has increased by 90 percent in 10 years. Per capita income has increased by 70 percent. The per capita income has become $2400 per year which used to be $1000 in 2010.
During the Corona epidemic, the RBI had cut the benchmark lending rates from saving the economy from the crisis to giving it a boost. Along with this, interest relief was given to the common people with the decision of exemption from not giving EMI for a few months. Central Banking said that Shaktikanta Das had a big impact in dealing with the crisis like Kovid epidemic. In the midst of fear and dread, he kept appearing as a very calm voice. Between political pressure and economic crisis, he maintained balance through his decisions.
During the tenure of Shaktikanta Das, the expansion of UPI payment in the country went on increasing. India has become a leader in the field of digital payments. Das has been extremely against cryptocurrencies. Recently RBI has launched Central Bank Digital Currency under his leadership. Shaktikas Das has been given extension as RBI governor for the second consecutive time.
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