ASHIMA GOYAL

rbi-three-experts-on-board-as-mpc-members

RBI: Three experts on-board as MPC members

The Reserve Bank of India on Monday appointed Ashima Goyal, Jayanth R Varma, Shashanka Bhide as MPC members.

It may be recalled that in an unprecedented move, RBI had to postpone its monetary policy review, scheduled to be held in the last week of September, in the absence of the timely nomination of three government external members to its six-member Monetary Policy Committee. The last such meeting was held between August 4 and 6, 2020. The MPC is a statutory committee responsible for fixing the benchmark interest rate.

As per the RBI Act, the three new members would have four-year terms

While the MPC meets at least 4 times a year and publishes its decisions after each such meeting, for meeting to start, it requires at least 4 out of 6 members present. However, the four-year tenure of the three government-nominated members, Chetan Ghate, Pami Dua and Ravindra Dholakia, had ended on 6 August.

06 Oct 2020
pm’s-eac-reconstituted;-top-two-retained,-two-dissenting-members-dropped

PM’s EAC reconstituted; Top two retained, two dissenting members dropped

At a time when the government is facing the challenge of rejuvenating economy, it has reconstituted Economic Advisory Council of Prime Minister for two years to be effective from September 26, 2019. The two dissenting members Rathin Roy and Shamika Ravi have not been retained.

 

Dr Bibek Debroy and Ratan P Watal will continue to be the chairman and member secretary of EACPM respectively.

 

The EACPM would have two part-time members apart from the two full-time members. Ashima Goyal has been retained as a part-time member and has been joined by Sajjid Chenoy, who is currently JP Morgan’s chief India economist.

26 Sep 2019
rbi-three-experts-on-board-as-mpc-members

RBI: Three experts on-board as MPC members

By IndianMandarins 06 Oct 2020

The Reserve Bank of India on Monday appointed Ashima Goyal, Jayanth R Varma, Shashanka Bhide as MPC members.

It may be recalled that in an unprecedented move, RBI had to postpone its monetary policy review, scheduled to be held in the last week of September, in the absence of the timely nomination of three government external members to its six-member Monetary Policy Committee. The last such meeting was held between August 4 and 6, 2020. The MPC is a statutory committee responsible for fixing the benchmark interest rate.

As per the RBI Act, the three new members would have four-year terms

While the MPC meets at least 4 times a year and publishes its decisions after each such meeting, for meeting to start, it requires at least 4 out of 6 members present. However, the four-year tenure of the three government-nominated members, Chetan Ghate, Pami Dua and Ravindra Dholakia, had ended on 6 August.

pm’s-eac-reconstituted;-top-two-retained,-two-dissenting-members-dropped

PM’s EAC reconstituted; Top two retained, two dissenting members dropped

By IndianMandarins 26 Sep 2019

At a time when the government is facing the challenge of rejuvenating economy, it has reconstituted Economic Advisory Council of Prime Minister for two years to be effective from September 26, 2019. The two dissenting members Rathin Roy and Shamika Ravi have not been retained.

 

Dr Bibek Debroy and Ratan P Watal will continue to be the chairman and member secretary of EACPM respectively.

 

The EACPM would have two part-time members apart from the two full-time members. Ashima Goyal has been retained as a part-time member and has been joined by Sajjid Chenoy, who is currently JP Morgan’s chief India economist.

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