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New Framework

11 1
27.02.2025

The appointment of former Reserve Bank of India Governor Shaktikanta Das as “Principal Secretary-2” to Prime Minister Narendra Modi marks a significant shift in governance strategy. This move introduces a dual leadership model in the Prime Minister’s Office, with Mr Pramod Kumar Mishra continuing as Principal Secretary. The creation of this new position suggests a deliberate effort to enhance administrative efficiency, particularly in economic policymaking and financial governance. Mr Das, having recently completed his tenure as RBI Governor, brings a wealth of experience in fiscal management, monetary policy, and financial regulation. His stewardship during critical economic phases ~ ranging from the post-pandemic recovery to inflation control and foreign exchange stability ~ demonstrated a pragmatic and steady approach.

His appointment to this high-level administrative role underscores the government’s recognition of the need for technical acumen at the heart of policymaking. The introduction of two........

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