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Shaktikanta Das: The man behind GST, note ban, Covid monetary response


Published on 2024-12-09 10:01:17 - Business Standard
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  • Shaktikanta Das, who will demit office as the Governor of the Reserve Bank of India on Tuesday, was the key man behind the planning and execution of the demonetisation drive and rollout of the landmark Goods and Services Tax (GST).

Shaktikanta Das, the Governor of the Reserve Bank of India (RBI), has been instrumental in navigating the country through several significant economic challenges. His tenure has seen him at the helm during the implementation of the Goods and Services Tax (GST), the demonetization drive in 2016, and the economic fallout from the Covid-19 pandemic. Das has been praised for his proactive monetary policies, including liquidity measures and interest rate adjustments, which have been crucial in stabilizing the economy during these turbulent times. His approach has often been described as pragmatic, focusing on maintaining financial stability and supporting economic growth. Additionally, Das has played a key role in enhancing digital payment systems in India, promoting financial inclusion, and ensuring that the banking sector remains robust amidst global economic uncertainties. His leadership has been marked by a blend of continuity and innovation, making him a pivotal figure in India's economic landscape.

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