Shaktikanta Das Joins PM Modi's Team as Principal Secretary-2 in a Strategic Move
Mar, 3 2025
In a strategic move to bolster leadership within the Prime Minister's Office (PMO), Shaktikanta Das, the former Governor of the Reserve Bank of India (RBI), has been named Principal Secretary-2 to Prime Minister Narendra Modi. This newly crafted role, designed to harness Das's extensive expertise, is set to commence on February 22, 2025. This appointment has received a nod from the Appointments Committee of the Cabinet and will continue in tandem with Modi's current tenure or until further directives are issued.
Das, an IAS officer from the 1980 Tamil Nadu cadre, brings a wealth of experience, having spent over four decades in crucial government roles. His peacetime endeavors have been nothing short of transformative, especially during economically turbulent times. From 2018 to 2024, while steering the RBI, Das played a critical role in managing the ramifications of the 2016 demonetization—a move that aimed to curb black money and counterfeit currency.
Furthermore, during the unprecedented COVID-19 pandemic, Das's leadership was pivotal. He introduced measures that were instrumental in stabilizing financial markets and supporting the economic recovery process. Under his guidance, the RBI worked diligently to ensure that the monetary framework aligned effectively with fiscal policies, adapting to the rapidly evolving economic landscape.
In his new role as Principal Secretary-2, Das will be working closely with PK Mishra, who continues as Principal Secretary-1. The duo, along with other senior advisors like Amit Khare and Tarun Kapoor, is expected to provide robust advisory support on key economic issues. Das's appointment highlights the government's focus on strengthening governance through experienced stewardship amidst challenges such as global trade tensions and domestic inflation.
His previous roles, including stints as the Revenue Secretary and Economic Affairs Secretary, as well as being a significant contributor to the 15th Finance Commission, underscore his profound understanding of India's financial framework and economic policies. This collective experience positions Shaktikanta Das as a vital asset to the Prime Minister's team, poised to play a critical role in shaping India's economic future.