Monetary Policy Committee Current Affairs, GK & News

Monetary Policy Committee

In India, the monetary policy is responsibility of RBI. RBI regulates the currency and credit system to secure the monetary stability in India. The main objectives of the monetary policy in India are to maintain the price stability, securing the financial stability and to ensure the adequate flow of credit. System Before MPC Before establishment ..

RBI Monetary Policy Committee Meeting- Key Highlights

The Monetary Policy Committee of the central bank recently held its meeting on February 3 to February 5, 2021 to discuss the current macroeconomic financial developments in India. Key Decisions by the committee The committee has decided to keep the repo rate unchanged at the 4 percent. It has decided to continue its accommodative stance ..

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GoI appoints Monetary Policy Committee Members

On October 5, 2020, the Government of India appointed economists Jayant R Varma, Shashank Bhide and Ashima Goyal as members of Monetary Policy Committee (MPC). Their appointments were cleared by the Appointment Committee of the Cabinet chaired by PM Modi. The current MPC was set up by the GoI in 2016 following the finalisation of ..

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Monetary Policy Committee meets: Repo rate reduces to 4%

On May 22, 2020, the policy committee met in an emergency meeting to review the current economic outlook and impacts of COVID-19. Highlights The RBI has reduced the repo rate from 4.4% to 4%. It has reduced the reverse repo rate to 3.35%. The RBI also announced that the reduction in policy rate is to ..

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RBI extends deadline for restructuring MSME borrower accounts

In the recent Monetary policy committee statement released by the Reserve Bank of India, it extended the deadline for one-time restructuring of GST-registered MSME borrower account, by further one year to March 31, 2021. The restructuring was to be implemented before March 31, 2020, as per the RBI’s earlier guidelines. It also announced that scheduled ..

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RBI releases bi-monthly policy: Repo rate unchanged

On February 6, 2020, the Reserve Bank of India released its bi-monthly monetary policy. The apex bank has kept the policy repo rate unchanged. It remains at 5.15%. Observations of the Committee The Monetary Policy Committee that meets once in two months under the chairmanship of its Governor has made the following observations The inflation ..

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