The government on Tuesday appointed Professor Ram Singh, director of the Delhi School of Economics; economist Saugata Bhattacharya; and Institute of Industrial Development Studies Director and CEO Dr Nagesh Kumar as members of the Monetary Policy Committee (MPC).
The new members will replace Mumbai professor Ashima Goyal, IIM-Ahmedabad professor Jayanth Varma and New Delhi senior advisor Shashanka Bhide.
The government has notified the reconstitution of the MPC under the Reserve Bank of India Act, 1934. As per the provisions of the driven As per the Act, the MPC consists of six members: three members from the RBI and three appointed by the central government.
According to the powers conferred on it by article 45ZB of the driven Act, the government has reconstituted the RBI Monetary Policy Committee.
According to the provisions, the MPC consists of six members and the government can appoint three members. The other three members are the governor of the Reserve Bank of India (ex officio president); the deputy governor of the Reserve Bank of India, in charge of monetary policy (ex officio member); and an officer of the Reserve Bank of India to be appointed by the central board (ex officio member).
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.