Modi’s PMO Gets Economic Thrust With Ex- RBI Guv Joining It

In a surprise move, the former RBI Governor Shaktikanta Das was appointed Principal Secretary to PM Narendra Modi. The appointments committee of the cabinet said Das’ appointment will be co-terminus with the term of the PM or until further orders, whichever is earlier. Das was RBI chief for six years beginning December 2018 and had been hoping for a second term. It did not materialise because of bureaucratic issues–top babus in the government had apparently opposed an extension. As principal secretary in the PMO, Das will bring his vast experience of over decades in various areas of governance. Das’s appointment will give economic thrust to the PMO. More so, because Das has held several important positions in the Central and state governments in the areas of finance, taxation, industries and infrastructure. As the RBI Governor during the Covid-19 pandemic, he spearheaded a series of measures to support growth and strengthen India’s financial stability. His appointment in the PMO clearly surprised political circles as he was always perceived to be close to Congress leader P Chidambaram. Though he has been designated as Principal Secretary (2), he will be working with PK Mishra, both incidentally belonging to Odisha. Ahead of his appointment, Das was spotted attending the School of Ultimate Leadership conclave addressed by PM Modi at Bharat Mandapam in Delhi over the weekend. At the time of his exit from Mint Street, Das had even talked about writing a book. That project will now have to be shelved at least for now. PM Modi has also opted for continuity in the tenure of the government think tank NITI Aayog extending CEO BVR Subrahmanyam’s term by a year, beginning February 24.