Question
Download Solution PDFWho has been appointed as a Principal Secretary-2 to PM Narendra Modi in February 2025?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Shaktikanta Das.
Key Points
- Shaktikanta Das, the current Governor of the Reserve Bank of India (RBI), is recognized for his significant contributions to India's financial and economic policies.
- He was appointed as the Principal Secretary-2 to PM Narendra Modi in February 2025, reinforcing his pivotal role in India's economic governance.
- Shaktikanta Das has served in various key positions, including Secretary of the Department of Economic Affairs and Secretary of Revenue in the Ministry of Finance.
- He played a crucial role in implementing economic reforms, such as the Goods and Services Tax (GST) and measures to strengthen fiscal policy frameworks.
- Das’s appointment aligns with the government’s commitment to leveraging experienced policymakers for enhancing governance and driving economic growth.
Additional Information
- Principal Secretary Role
- The Principal Secretary is one of the most senior bureaucratic positions in India, directly responsible for advising the Prime Minister on policy matters and implementation strategies.
- Principal Secretaries often coordinate among ministries and departments, ensuring seamless execution of government initiatives.
- The appointment reflects trust in the individual’s expertise, experience, and ability to manage critical national issues.
- Shaktikanta Das's Contributions
- He spearheaded the demonetization initiative in November 2016, playing a key role in its implementation and communication strategy.
- Das has been instrumental in shaping India’s Monetary Policy Framework during his tenure at RBI.
- Under his leadership, RBI has focused on financial inclusion initiatives, improving access to banking services for underserved populations.
- RBI's Role in Economic Governance
- The Reserve Bank of India (RBI) is responsible for regulating the monetary policy, ensuring the stability of the financial system, and promoting economic growth.
- Key functions include controlling inflation, managing currency supply, and ensuring liquidity in the economy.
- Economic Reforms in India
- India has witnessed significant economic reforms, such as GST, Insolvency and Bankruptcy Code (IBC), and fiscal consolidation measures.
- These reforms aim to streamline taxation, improve ease of doing business, and strengthen the financial system.
Last updated on Jul 17, 2025
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