Sorry, guys, for the long hiatus.  We had to go globetrotting to get inputs for the global position of MPC and here it is presented in the table below. During the hiatus, lot of water has flown and India rocked the world with an incredible policy measure in the form of demonetization. We are recovering […]

Hi everybody, it is good to be back in business after a small gap. I am sure you are following the website regularly. We conducted a seminar titled ‘Financial Horizon and Regulatory complexity ‘. Some of the veterans of Reserve Bank of India and IRDA addressed the seminar and the response was quite encouraging… Now […]

I am sure you now have some idea of what monetary policy is after the brief introduction in part 1. Some of you might be wondering why a committee. As explained in the previous blog, the Governor of RBI decides on the interest rate under the monetary policy framework (even though he is assisted and […]

On June 28, 2016, many newspapers had carried a news item on the formation of a Monetary Policy Committee by the Government of India. General public was grappling with the Brexit brouhaha and the announcement by the Government of India on the formation of MPC went almost unnoticed. A few serious ‘monetarists’ known to me […]