RBI Governor Shaktikanta Das Wins Prestigious Award
On October 26, Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), was honored with an A+ grade in the Central Bank Report Cards 2024. This marks the second consecutive year he has received this accolade. The award was presented by Global Finance during an event in Washington D.C., USA.
About the Award
The Central Bank Report Cards, published annually by Global Finance since 1994, assess the performance of central bank governors from nearly 100 countries, territories, and districts. The grading scale ranges from “A+” for excellent performance to “F” for failure, evaluating success in areas such as inflation control, economic growth, currency stability, and interest rate management.
Global Finance
Founded in 1987, Global Finance is a leading financial publication with a circulation of 50,000 and readers in 193 countries. It is headquartered in New York and has offices worldwide. The publication is known for selecting top performers in the banking and financial services sectors.
Doubts Revealed
RBI -: RBI stands for the Reserve Bank of India, which is the central bank of India. It manages the country’s money supply and interest rates.
Governor -: In this context, the Governor is the person in charge of the Reserve Bank of India. Shaktikanta Das is the current Governor.
A+ Award -: The A+ Award is a high grade given to central bank governors for excellent performance. It means Shaktikanta Das did a great job managing India’s economy.
Washington D.C. -: Washington D.C. is the capital city of the United States of America. It’s where the award ceremony took place.
Global Finance -: Global Finance is a magazine that provides information about the financial world. It gives out awards to recognize good work in finance.
Central Bank Report Cards -: These are evaluations of how well central bank governors are doing their jobs. They look at things like controlling inflation and keeping the currency stable.
Inflation control -: Inflation control means keeping the prices of goods and services from rising too quickly. It’s important for keeping the economy stable.
Currency stability -: Currency stability means keeping the value of a country’s money steady. This helps in making sure that the economy is healthy and predictable.