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Revenue Secretary Sanjay Malhotra is the new RBI Governor . He replaces Shaktikanta Das whose tenure comes to an end . He will be the 26th RBI Governor , according to a notification from the government’s Cabinet Appointments Committee.
His appointment, for three years, will take effect on December 11.
Malhotra, a 1990 Batch Rajasthan Cadre IAS Officer, will replace Shaktikanta Das, whose tenure ends on Tuesday (December 10, 2024), reported PTI.
56-year-old Malhotra is an engineering graduate in computer science from the Indian Institute of Technology, Kanpur, and has a Master’s in Public Policy from Princeton University, the US.
In his career of over 33 years, he has worked in multifarious sectors, including power, finance and taxation, information technology, and mines, among others.
Presently, he is the Secretary (Revenue) in the Ministry of Finance.
In his previous assignment, he held the post of Secretary in the Department of Financial Services under the Ministry of Finance.
He has extensive experience in finance and taxation at the state as well as the central government levels. As a part of his present assignment, he plays an instrumental role in tax policy formulation in respect of direct and indirect taxes.
Das was appointed as the 25th Governor of the RBI on December 12, 2018, after the abrupt exit of Urjit Patel.
He was granted an extension after completing three-year terms in office.
