Inflation vs growth: Shaktikanta Das encounters old challenges in new term

India’s central bank Governor Shaktikanta Das heads into his second term with increasing pressure to pivot back toward battling inflation and winding down his crisis-era policy settings. 

Having kept the main interest rates steady on Wednesday, Das starts his next three-year term Dec. 11 with some in the bank already calling for unwinding the ultra-loose policies. One of the six members on the monetary policy committee has been vocal about it since August. 

Das’s colleague on the panel, Jayanth R. Varma has dissented against the Reserve Bank of India’s lower-for-longer stance to boost growth, which he said is creating an