### Sanjay Malhotra Appointed as RBI Governor Amid Key Economic Challenges
The Government of India has appointed Sanjay Malhotra, a senior bureaucrat and Revenue Secretary, as the 26th Governor of the Reserve Bank of India (RBI), effective December 11, 2024. Malhotra, an IAS officer from the 1990 Rajasthan cadre, succeeds Shaktikanta Das after the latter's six-year tenure. Known for his expertise in public finance, policy reforms, and administration, Malhotra has previously served as Secretary in the Department of Financial Services, where he played a pivotal role in banking reforms and the implementation of GST policies.
An alumnus of IIT Kanpur with a Master's in Public Policy from Princeton University, Malhotra brings over 33 years of experience in sectors like taxation, IT, power, and finance. His appointment comes at a critical time as the RBI navigates inflationary pressures, fiscal consolidation, and global economic uncertainties. Analysts believe Malhotra's strategic and reformist approach will be key in strengthening India's monetary policy and economic resilience in the years ahead
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