Stay updated with the latest urjit-patel news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on urjit-patel topics.
India formally adopted an inflation targeting (IT) framework in 2016, following the recommendations of the Urjit Patel Committee in 2014 and the subsequent Monetary Policy Framework Agreement of 2015 between the Government and the Reserve Bank of India. The idea of a Monetary Policy Committee (MPC) with an inflation-targeting mandate had already been put forward by the Financial Sector Legislative Reforms Commission (FSLRC) in 2013, chaired by Justice BN Srikrishna. Since its formal adoption in ...Read More >
New Delhi, Sep 29 (SocialNews.XYZ) The Union government on Monday appointed Shirish Chandra Murmu as a Deputy Governor of the Reserve Bank of India for a tenure of three years. Murmu's appointment was approved by the Appointments Committee of the Union Cabinet and would come into effect from October 9. He will replace M. Rajeshwar Rao, whose extended service is set to end on October 8. Currently, he is serving as Executive Director at the RBI, looking after the Department of Supervision. As p ...Read More >
NEW DELHI (AP) -- Sanjay Malhotra, a career civil servant, became India's new central bank governor on Wednesday as the country's economic growth slows and inflation is rising. The Reserve Bank of India said Malhotra, a former revenue secretary, will formulate India's monetary policy for the next three years. He succeeds Shaktikanta Das, who retired as RBI governor after an extended six-year term. GDP growth slowed to 5.4% in the quarter ending in September, the weakest level in seven quarter ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.