<img title="Cadets celebrate during their graduation ceremony at the Officer Training Academy in Chennai on Saturday" src="http://images.mid-day.com/images/2016/sep/Cadets.jpg" alt="Cadets celebrate during their graduation ceremony at the Officer Training Academy in Chennai on Saturday" /> Cadets celebrate during their graduation ceremony at the Officer Training Academy in Chennai on Saturday
Chennai: Just retired RBI Governor Raghuram Rajan&rsquo;s clean-up of more than $100 billion of stressed assets on the books of banks came in for praise from President Pranab Mukherjee on Saturday.
<img title="President Pranab Mukherjee with Commandant General Bobby Mathews at the event. Pics/PTI" src="http://images.mid-day.com/images/2016/sep/11-Pranab-Mukherjee.jpg" alt="President Pranab Mukherjee with Commandant General Bobby Mathews at the event. Pics/PTI" /> President Pranab Mukherjee with Commandant General Bobby Mathews at the event. Pics/PTI
&ldquo;Governor of RBI who has just retired, Mr Rajan, took many appropriate steps to put the system in the right direction,&rdquo; he said. Rajan had forced banks to recognise the true state of their bad loans.
With landmark Goods and Services Tax (GST) now a law, the President hoped the government would set up a GST Council soon and reduce cascading effect of indirect taxes.
The GST, which will transform India&rsquo;s $2 trillion economy and 1.3 billion consumers into a single market, has been ratified by 19-20 states after Parliament nod last month, thereby qualifying to Presidential assent, he said.

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Home / News / India News / Article / President Pranab Mukherjee supports Raghuram Rajan, talks GST

President Pranab Mukherjee supports Raghuram Rajan, talks GST

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