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The meetings of the Monetary Policy Committee are held at least four times a year (specifically, at least once a quarter) and it publishes its decisions after each such meeting. The committee comprises six members – three officials of the Reserve Bank of India and three external members nominated by the government of India. They need to ...
The Government of India, in consultation with RBI, notified the 'Inflation Target' in the Gazette of India Extraordinary dated 5 August 2016 for the period beginning from the date of publication of the notification and ending on 31 March 2021 as 4%. At the same time, lower and upper tolerance levels were notified to be 2% and 6% respectively.
Today’s the day: The Federal Reserve is about to announce what it decided to do with interest rates at its November meeting. We already know what the Fed is likely to do: Cut interest rates by a ...
The preamble of the Reserve Bank of India describes the basic functions of the reserve bank as: [13]...to regulate the issue of Bank notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage; to have a modern monetary policy framework to meet the challenge of an increasingly complex ...
What to expect at the Fed's next policy meeting: January 28–29, 2025. It's widely expected the Federal Reserve will hold the Fed rate at 4.25% to 4.50% after its policy meeting on January 28 and ...
The committee has deposed the RBI governor and other government officials since the announcement for demonetisation was made. In Oct 2018, summoning the RBI governor for the third time, Chairperson Moily said, " [a]fter our meetings with the RBI chief and other senior officials of the RBI, it had given us a report.
WASHINGTON (Reuters) -While the focus is now on September for the start of Federal Reserve interest rate cuts, at least some U.S. central bankers were keen to get the debate about it rolling at ...
India hosted the first meeting of BRICS finance and central bank deputies through video conference. The meeting was co-chaired by Michael Patra , Deputy Governor, Reserve Bank of India and Tarun Bajaj, Secretary Department of Revenue, Ministry of Finance , India.