There are two insurmountable hurdles within the path of RBI’s independence on financial coverage. These hurdles make committees redundant
Topics
financial coverage committee | MPC | RBI
Inflation has grow to be an issue. In this context it’s helpful to recall that it’s now 5 years for the reason that authorities — heeding recommendation that India should copy the developed nations of the West — enacted a legislation that created a financial coverage committee (MPC) to make sure that inflation stayed inside a band of two-four-6 per cent. It hasn’t been in a position to try this.
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.
Key tales on enterprise-customary.com can be found to premium subscribers solely.
Already a premium subscriber? LOGIN NOW
SUBSCRIBE TO INSIGHTS
MONTHLY
₹
249
Select
ANNUAL
₹
1799
Select
Best Offer
SMART ANNUAL
₹
1799
Opt for auto renewal and save Rs 300
Select
What you get on Business Standard Premium?
5 ARTICLE PACK
PAY AS YOU GO
₹
150
/for five articles
* Terms
1. Lorem Ipsum is dummy Text
2. Lorem Ipsum is dummy Text
VIEW ALL FAQs
Dear Reader,
Business Standard has all the time strived arduous to offer up-to-date data and commentary on developments which are of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on easy methods to enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these troublesome instances arising out of Covid-19, we proceed to stay dedicated to preserving you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.
We, nevertheless, have a request.
As we battle the financial influence of the pandemic, we want your help much more, in order that we are able to proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from lots of you, who’ve subscribed to our on-line content material. More subscription to our on-line content material can solely assist us obtain the objectives of providing you even higher and extra related content material. We consider in free, truthful and credible journalism. Your help by extra subscriptions may also help us practise the journalism to which we’re dedicated.
Support high quality journalism and subscribe to Business Standard.
Digital Editor
First Published: Fri, June 24 2022. 07:55 IST
