India on Saturday appointed its former central bank chief Shaktikanta Das as Prime Minister Narendra Modi's principal secretary, according to a government notice. The appointment comes after Das finished his second term at the helm of the Reserve Bank of India in December last year,

India appointed former Reserve Bank of India governor Shaktikanta Das as a principal secretary to the prime minister, a powerful position where he will advise Narendra Modi on local and foreign policies.

In his distinguished service of 44 years, Das held several key post during demonetisation and other challenging phases. As RBI Governor, he cut the policy repo rate to a historic low of 4 per cent, continuing with the low-interest rate regime for almost two years to help the economy hit badly by the Covid lockdown.

Never Lose Your Faith in India’s Destiny,” said Shaktikanta Das, the former and 25th Governor of the Reserve Bank of India (RBI), who is all set to take on a new, pivotal role as Principal Secretary-2 to Prime Minister Narendra Modi.