The next hurdle

Shaktikanta Das assumed charge as governor of the Reserve Bank of India (RBI) two years ago at a distinctly difficult time. His predecessor left, almost 10 months ahead of his term, after a fractious faceoff with the government. The top priority for Mr Das was to bridge the deepening trust deficit, as the central bank and the government have to work together on a number of critical issues. Armed with the experience of serving in the finance ministry and his consultative style, Mr Das was able to settle the issues with relative ease, including the matter related to the central bank’s capi.....

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