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Sanjay Malhotra Appointed as RBI's New Governor

🚀 Background: Sanjay Malhotra, a 56-year-old career civil servant, has been appointed as the 26th Governor of the Reserve Bank of India (RBI), succeeding Shaktikanta Das. He assumes the role on December 11, 2024.

🎓 Education & Career: Malhotra is a graduate of Princeton University and holds an engineering degree. He joined the Indian Administrative Service (IAS) in 1990 and has served in various important roles, including as Revenue Secretary.

📊 Leadership Style: Malhotra is known for his data-driven, results-oriented approach. He is a "hard taskmaster" with the "memory of an elephant," known for focusing on micro details and conducting daily review meetings.

💼 Achievements: As Revenue Secretary, Malhotra played a key role in India's tax policy, including taxing online gaming companies and creating a regulatory framework for cryptocurrencies. He also contributed to India's anti-money laundering efforts and global financial relationships.

🔗 Fiscal & Monetary Coordination: Malhotra’s appointment is seen as a strategic move to improve coordination between fiscal and monetary policies, continuing the government's preference for experienced bureaucrats to lead the RBI.

Sanjay Malhotra is poised to lead India's central bank through economic challenges with

Suzlon Group secured a *1,166 MW wind turbine order from NTPC Green Energy Limited (NGEL).

The cost of the 1,166 MW order from NTPC Green Energy Ltd (NGEL) to Suzlon Group is not disclosed, but the going price for a wind turbine is around ₹6 crore per MW.
[ Suzlon Energy, NTPC Green Energy, Stock Market ]