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RBI Governor Shaktikanta Das: Name Behind GST & Demonetisation

RBI Governor Shaktikanta Das

The reserve bank of India got a new governor namely Shaktikanta Das, who was also a former economic affairs secretary and also the member of finance commision currently.

The previous governor Urjit Patel resigned citing personal reason though it was very much evident that there was some clash between the former RBI governor and government.

The new RBI governor is the important player in mobilizing all the tactics of government both the goods and services tax regime and the demonetization drive flushing out high denomination currency.

Shaktikanta Das held all the significant positions in the economic environment of the government as well as in the RBI becoming Union revenue secretary, the government’s representative at the Group of 20 summits and the Central Board of Directors of the RBI.

This makes him very much eligible for the new key position as a governor of RBI. The new governor was highly included in the rollout of goods and services tax and the demonetization drive as he made the public appearance from the sides of government and not from the RBI.

Overall, the newly appointed RBI governor Shaktikanta Das is expected to bring both the government and the reserve bank of India to the same ground for a better consensus over financial and economic tussle.

Goods and services tax is an indirect tax regime having CGST, SGST, IGST and UTGST as key components for tax collections. The taxpayers have to mandatorily register under the GST with having the turnover of more than 20 lakhs.

While the demonstration was the ban of high-value currency across the country to curb black money.

Disclaimer:- "All the information given is from credible and authentic resources and has been published after moderation. Any change in detail or information other than fact must be considered a human error. The blog we write is to provide updated information. You can raise any query on matters related to blog content. Also, note that we don’t provide any type of consultancy so we are sorry for being unable to reply to consultancy queries. Also, we do mention that our replies are solely on a practical basis and we advise you to cross verify with professional authorities for a fact check."

Published by Subodh Kumawat
Subodh has done with numerous professional degrees ranging from Human Rights to Banking along with MBA in HR Marketing. He is also interested in the field of tax-related articles and blog as per the industry based norms. Having expert knowledge in diverse sectors, he assures facts and figures along with testimony, in his articles. Working in SAG Infotech, he is a trusted author among the readers globally. View more posts
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