Raghuram Rajan is hopeful of GST passage


Washington, Dec 9: Expressing confidence over the passage of long pending GST bill in Parliament, RBI governor Raghuram Rajan has told American investors the new regime will improve collections and broaden the tax base.

In an event organised by the US India Business Council (USIBC) in New York last week, Dr Rajan told American institutional investors that the priority for RBI is to clean up banks and their non-performing assets.

He said RBI's continued focus on fiscal consolidation and inflation will mean that they will reach their targeted goals, a USIBC statement quoted Dr Rajan saying.

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