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 In a pivotal leadership transition, Sanjay Malhotra, a seasoned bureaucrat and top revenue officer, has been appointed as the new Governor of the Reserve Bank of India (RBI). Malhotra, a 1990 batch IAS officer of the Rajasthan cadre, will take charge as Shaktikanta Das completes his six-year tenure. The announcement, made by the Union Cabinet's Appointments Committee, marks a critical moment in India's ongoing fight against inflation. Sanjay Malhotra Takes Charge as RBI Governor to Steer India Through Inflation Challenges From North Block to Mint Road Having previously overseen India’s direct and indirect tax administration, Malhotra brings a wealth of experience in fiscal management. His extensive background includes leadership roles in financial services, power, mining, and IT. Like his predecessors Shaktikanta Das, D. Subbarao, Y.V. Reddy, and Bimal Jalan, Malhotra transitions from the finance ministry to helm India’s central bank, showcasing a tradition of blending fiscal ...