Jagran Josh Logo

RBI constituted Expert Committee to revise and strengthen Monetary Policy Framework


Author :jitesh

Top Picks :  2013 Current Affairs, September 2013 Current Affairs, Economy

Reserve Bank of IndiaReserve Bank of India on 12 September 2013 constituted an expert committee for examining its Current Monetary Policy Framework. The committee would be responsible to recommend the measures to revise and strengthen the Monetary Policy Framework, by making it transparent and predictable.

Dr. Urjit Patel,
Deputy Governor of Reserve Bank of India has been appointed as the Chairman of the Committee.

The terms of reference of the Committee are

• To review the objectives and conduct of monetary policy in a globalised and highly inter-connected environment.
• To recommend an appropriate nominal anchor for the conduct of monetary policy.
• To review the organisational structure, operating framework and instruments of monetary policy, particularly the multiple indicator approach and the liquidity management framework, with a view to ensuring compatibility with macroeconomic and financial stability, as well as market development.
• To identify regulatory, fiscal and other impediments to monetary policy transmission, and recommend measures and institutional pre-conditions to improve transmission across financial market segments and to the broader economy.
• To carefully consider the recommendations of previous Committees/Groups in respect of all of the above.

The Committee is expected to submit its report within three months.

Is this article important for exams ?   Yes123 People Agreed

Post Comment
5 Comment

shalom john,

i wish that you help me to find out defense service i want to serve my mother land and i completed my MBA+PGDM so please help me out .

Prakash yadav,

acyually i had dream to join indian army bt i have to write 2nd puc supplementary exam so what should i do now


done b.tec in mechanical stream ....now wanna apply for indian navy which brach suits me best?


Dear Sir Pls advise how to apply for my nephew who is 18+ and had just passed 12 from NIOS with English / accountancy as subject.

Rahul solanki,

Sir I m passed by arts subject so can I apply for navy because I wanna go in navy please inform me then I applying

Stay Connected

Subscribe Newsletter

Straight To Your Inbox
LikeJagranjosh on Facebook!

Register to get FREE updates

Please Select Your Interest
By clicking on Submit button, you agree to our terms of use
Newsletter Signup
Follow us on