Question

Under Section 45ZL of the RBI Act, 1934, the Bank must publish the minutes of the proceedings of each meeting of the Monetary Policy Committee on which day after the meeting?

Q: Answer-Under Section 45ZL of the RBI Act, 1934, the Bank must publish the minutes of the proceedings of eac...

Section 45ZL requires the Bank to publish, on the fourteenth day after every meeting of the Monetary Policy Committee, the minutes of the proceedings of the meeting. These minutes must include the resolution adopted, the vote of each member ascribed to that member, and each members statement on the resolutions adopted. This promotes transparency in monetary policy decision-making. The minutes must be published on the fourteenth day after the meeting.