New RBI Governor Shaktikanta Das to steer first central board meet today

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The central board of the Reserve Bank of India (RBI) under the leadership of new Governor Shaktikanta Das will be meeting today. As per the sources, in the meeting, the directors are likely to pitch for a greater say in the decision making of the central bank.

shaktikanta_dasFurther, the meeting will review the progress with respect to some of the decisions taken in the last meet on November 19.

This significant gathering is expected to take a stock of Micro, Small & Medium Enterprises (MSMEs), which is under a lot of pressure due to demonetisation and implementation of the Goods and Services Tax (GST).

Sources suggest that the key agenda for the upcoming board meeting will be governance issue, the role of the central board in the decision making of the RBI.

The central board of the banking regulator is headed by the governor. It also includes two government nominee directors and 11 independent directors.

Currently, RBI’s central board has 18 members, with the provision of going up to 21.

The 25th governor of RBI Shaktikanta Das was former Economic Affairs Secretary. In his joining speech, he said to be taking measures which the economy requires in a timely manner.

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