Sanjay Malhotra has been appointed RBI Governor for 3 years
New Delhi:
Revenue Secretary Sanjay Malhotra has been appointed Governor of the Reserve Bank of India (RBI). He will take cost from Wednesday for 3 years, the federal government stated in an announcement. Mr Malhotra is a 1990-batch Indian Administrative Service (IAS) officer from the Rajasthan cadre.
He is a Computer Science graduate from the Indian Institute of Technology, Kanpur, and has a Master’s in Public Policy from Princeton University, US.
In a profession spanning over 33 years, Mr Malhotra has labored in a number of sectors together with energy, finance and taxation, info know-how, mines and so forth.
Before he was appointed Revenue Secretary, he was Secretary within the Department of Financial Services.
He has intensive expertise in finance and taxation on the state in addition to the central authorities, in keeping with info on the Department of Revenue web site.
It says Mr Malhotra performed an instrumental function in tax coverage formulation for direct and oblique taxes.
Mr Malhotra replaces Shaktikanta Das, whose tenure will finish on Tuesday. Mr Das was appointed the twenty fifth Governor of the RBI on December 12, 2018, after the abrupt exit of his predecessor Urjit Patel.
Mr Das was granted an extension after finishing his three-year time period in workplace.
Soon after taking cost of the RBI, Mr Das supplied confidence to the market shaken by the sudden resignation of Mr Patel amid a tussle between the RBI and the federal government over the difficulty of surplus switch.