The Central Banking Awards on March 15, 2023 announced Reserve Bank of India (RBI) Governor, Shaktikanta Das add the recipient of its ‘Governor of the year’ award for steering India's financial markets through multiple crises including the pandemic and Ukraine-Russia war-induced inflation.
The award citation read, “An economy as complex as India’s will likely never be free from challenges but, as Das faces up to the remainder of his second term, he can take pride in major achievements so far.”
Congratulating Das on the achievement, Prime Minister Narendra Modi tweeted; “It is a matter of immense pride for our country that the @RBI Governor, Shri Shaktikanta Das Ji has been conferred with the ‘Governor of the Year Award in the Central Banking Awards 2023. Congratulations to him.”
Das, who is currently in his second term as head of the RBI acknowledged the hurdles faced during the pandemic in his acceptance speech. "Life in the time of Covid-19 has been one of unprecedented loss and isolation. Yet, it is worthwhile to remember that tough times never last; only tough people and tough institutions do,"he said.
Central Banking is an economic research journal that began publication in 2005 after the decision of several Central Banks to create a professional journal for policymakers and researchers in the field of monetary policy.