About Shaktikanta Das
Shaktikanta Das, Principal Secretary to Prime Minister Narendra Modi and former Governor of the Reserve Bank of India, delivered several addresses in April 2026 focused on India’s economic resilience and reform agenda. Speaking at the CII Annual Business Summit 2026 and the All India Management Association’s National Leadership Conclave, Das described India’s navigation of recent global crises as akin to a "chakravyuh," where the challenge lies not in entering a crisis but in exiting it without creating new imbalances. He attributed India’s average annual GDP growth of 7.8% between 2021-22 and 2025-26 to targeted fiscal and monetary stimulus that was gradually withdrawn, structural reforms such as the goods and services tax and the insolvency and bankruptcy code, and a policy of strategic self-reliance (Atmanirbharta). Das also highlighted government initiatives including a ₹7,280 crore rare earth permanent magnet manufacturing scheme and a national critical mineral mission, and stated that inflation control benefits the poor by increasing real spending power.
Das rejected the narrative that the Reserve Bank’s monetary policy had caused a growth slowdown, citing 7.1% GDP growth in 2024-25 as evidence. He emphasized that India’s growth is anchored in macroeconomic stability, contained inflation, fiscal consolidation, and a resilient financial system, and said there is "no reform complacency" in the government’s pursuit of its Viksit Bharat 2047 vision. At the AIMA conclave, he received a public service excellence award and remarked that resilience maximization is replacing cost minimization as a global priority.
Source: AI-verified profile updated from Shaktikanta Das's recent appearances.
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✨ AI-enhanced transcript with speaker attribution
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Shaktikanta Das0:00
Now there are certain additional measures. There are five of them, and I would like to announce them quickly. First relates to public repository, that is creation of a public repository of digital lending apps. The Reserve Bank has taken several measures for the orderly development of the digital lending ecosystem in India. As a further measure in this direction and to address the problems arising from unauthorized digital lending apps, the Reserve Bank proposes to create a public repository of digital lending apps deployed by the regulated entities. The regulated entities of RBI will report and update information about their digital lending apps, that is about the digital lending apps whose services they are availing, in this repository. This measure will help the consumers to identify the unauthorized lending apps.
The next announcement relates to frequency of reporting of credit information to credit information companies, that is CICs. The availability of accurate credit information is vital both for lenders and borrowers. At present, lenders are required to report credit information to CICs on a monthly basis or at such shorter intervals as may be agreed between the lenders and the CICs. It is proposed to increase the frequency of reporting of credit information to the CICs to a fortnightly basis or at shorter intervals as may be agreed between the lenders and the CICs. Consequently, borrowers will benefit from faster updation of their credit information, especially when they repay their loans. The lenders on their part will be able to make better risk assessment of the borrowers.
The next announcement relates to enhancing transaction limit for tax payments through UPI. Currently, the transaction limit for UPI is rupees 1 lakh, except for certain category of payments which have higher transaction limit. It has now been decided to enhance the limit for tax payments through UPI from rupees 1 lakh to rupees 5 lakh per transaction. This will further ease payments by consumers through the UPI.
Next announcement relates to introduction of delegated payments through the UPI. It is proposed to introduce a facility of delegated payments in the UPI. This would enable an individual, that is a primary user, to allow another individual, namely a secondary user, to make UPI transactions up to a limit to be set by the primary user from the primary user's bank account, without the need for the secondary user to have a separate bank account linked to UPI. This will further deepen the reach and usage of digital payments, in particular the UPI.
The next announcement, and as the last announcement which is very important, is continuous clearing of checks. This is something which will have wide ranging impact, and it is a step towards having greater ease of doing business for individuals as well as for entities. At present, check clearing through check truncation system, that is CTS, operates on a batch processing mode and has a clearing cycle of up to two working days. It is proposed to reduce the clearing cycle by introducing continuous clearing with on-realization settlement in the check truncation system. This means that checks will be cleared within a few hours on the day of presentation itself. This will speed up check payments and benefit both the payer, that is the drawer of the check, and the payee.
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Narrator4:35
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