PM congratulates RBI Governor for being rated “A+” in the Global Finance Central Banker Report Cards 2023

Source: The post is based on the article “PM congratulates RBI Governor for being rated “A+” in the Global Finance Central Banker Report Cards 2023”  published in PIB on 2nd September 2023

What is the News?

The Prime Minister has congratulated RBI Governor Shri Shaktikanta Das for being  rated “A+” in the Global Finance Central Banker Report Cards 2023.

What is Global Finance Central Banker Report Cards 2023?

The Central Banker Report Cards has been published annually by Global Finance since 1994.

Purpose: It grades the central bank governors of 101 key countries, territories and districts, including the European Union, the Eastern Caribbean Central Bank, the Bank of Central African States and the Central Bank of West African States.

Parameters: The grades are based on a scale from A to F for success in inflation control, economic growth goals, currency stability, and interest rate management, according to a statement by Global Finance magazine. 

– An ‘A’ represents an excellent performance and an ‘F’ stands for an outright failure.

Note: Recently, RBI Governor Shaktikanta Das was also awarded the “Governor of the Year” at the Central Banking Awards 2023 in London.

– Central Banking is a London-based international economic research journal. 

– Shaktikanta Das is the second RBI governor to receive this award after Raghuram Rajan, who was given the title in 2015.