Mon Dec 09 12:27:51 UTC 2024: ## Sanjay Malhotra Appointed New Reserve Bank of India Governor

**New Delhi, [Date]** – The Indian government has appointed Sanjay Malhotra as the new Governor of the Reserve Bank of India (RBI). Malhotra, currently the Revenue Secretary in the Ministry of Finance, will serve a three-year term, succeeding Shaktikanta Das whose term ended on December 10th. While there had been speculation about an extension for Das, the Appointments Committee of the Cabinet opted for Malhotra.

Malhotra is a 1990 batch IAS officer from the Rajasthan cadre. He holds a degree in Computer Science Engineering from the Indian Institute of Technology, Kanpur, and a master’s degree in Public Policy from Princeton University, USA. His career spans various sectors including energy, finance, taxation, information technology, and mining. He has served as a Secretary in the Department of Financial Services under the Ministry of Finance. His extensive experience in finance and taxation, both at the state and central government levels, makes him a seasoned choice for the RBI governorship. He has played a key role in formulating tax policies, particularly concerning direct and indirect taxation.

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