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The Monetary Policy Committee is responsible for fixing the benchmark interest rate in India. 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 ...
The Reserve Bank of India Act, 1934 (RBI Act) was amended by the Finance Act, 2016, to provide a statutory and institutionalised framework for a Monetary Policy Committee, for maintaining price stability, while keeping in mind the objective of growth. The Monetary Policy Committee is entrusted with the task of fixing the benchmark policy rate ...
Chairperson, 16th Finance Commission of India: Arvind Panagariya: 16 January 2024 Governor, Reserve Bank of India: Sanjay Malhotra: 11 December 2024 [28] Chairperson, Securities and Exchange Board of India: Madhabi Puri Buch: 1 March 2022 Chairperson, Insurance Regulatory and Development Authority: Debasish Panda: 12 March 2022 [29] Chairperson ...
12 members (8 LS + 4 RS) 4: Committee on MP Local Area Development Scheme: MP M. Thambidurai: 1 Year 24 members 5: Committee on Provision of Computers to Members of Lok Sabha: MP P. Kumar: For the duration of one Lok Sabha 10 members 6: Joint Committee on Maintenance of Heritage Character and Development of Parliament House Complex: MP Sumitra ...
In the Republic of India, a chief minister is the head of government of each of the twenty-eight states and three of the eight union territories. According to the Constitution of India , at the state level, the governor is de jure head, but de facto executive authority rests with the chief minister.
The Parliament of India a bicameral legislature composed of the Rajya Sabha (Council of States) and the Lok Sabha (House of the People). Membership is limited to 245 members. 233 are elected by the State legislative assemblies, and 12 are nominated by the president of India for their contributions to art, literature, science, and social services.
The Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development, or The Group of 24 (G-24) was established in 1971 as a chapter of the Group of 77 in order to help coordinate the positions of developing countries on international monetary and development finance issues, as well as and to ensure that their interests are adequately represented in negotiations on ...
The deputy governor of the Reserve Bank of India is the second most senior executive of the Reserve Bank of India after its governor. Since its establishment in 1934 by the government of India, the RBI has had 63 deputy governors. Currently the rank of deputy governor is equivalent to the rank of secretary to the govt. of India.