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The Monetary Policy Committee (MPC) constituted by the Central Government under Section 45ZB determines the policy interest rate required to achieve the inflation target. The Reserve Bank’s Monetary Policy Department (MPD) assists the MPC in formulating the monetary policy. Views of key stakeholders in the economy, and analytical work of the Reserve Bank contribute to the process for arriving at the decision on the policy repo rate. The Monetary Policy Committee is a statutory body. The Reserve Bank of India Act 1934 was amended by the Finance Act of 2016. The monetary policy committee has 6 members, headed by the RBI governor
The National Nodal Agency under section 70A of the Information Technology Act, 2000 shall be responsible for all measures including Research and Develop...
What is the composition of the Appellate Tribunal under the Recovery of Debts and Bankruptcy Act?
Which section of the Indian Evidence Act, 1872 deals with Refreshing memory?
Every prior party to a negotiable instrument is liable thereon to a holder in due course
What authority does the State Government have regarding the jurisdiction of a Commercial Court under the Commercial Courts Act?
Where immoveable property of one person is by act of parties or operation of law made security for the payment of money to another, and the transaction ...
Where is the headquarters of the Securities and Exchange Board of India located?
According to Section 10 of the Transfer of Property Act, 1882 where a condition or limitation absolutely restraining the transferee from parting with o...
Which court has jurisdiction to hear and decide matrimonial disputes under the Hindu Marriage Act?
Rule of Estoppel is contained in Section ………. Of Indian Evidence Act