About: Monetary Policy Committee (India)

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The Monetary Policy Committee is responsible for fixing the benchmark interest rate in India. The meetings of the Monetary Policy Committee are held at least four times a year (specifically, at least once a quarter) and it publishes its decisions after each such meeting.

Attributes	Values
rdf:type	Thing schema:Organization dul:Agent dul:SocialPerson agent wikidata:Q24229398 Government agency Organization government agency organisation
rdfs:label	Monetary Policy Committee (India) (en)
rdfs:comment	The Monetary Policy Committee is responsible for fixing the benchmark interest rate in India. The meetings of the Monetary Policy Committee are held at least four times a year (specifically, at least once a quarter) and it publishes its decisions after each such meeting. (en)
name	Monetary Policy Committee (en)
dcterms:subject	Subsidiaries of Reserve Bank of India Monetary policy
Wikipage page ID	54381376 (xsd:integer)
Wikipage revision ID	1107863549 (xsd:integer)
Link from a Wikipage to another Wikipage	Subsidiaries of Reserve Bank of India Reserve Bank of India Urjit Patel Inflation Interest rate Government of India Monetary policy Finance Act (India) India Indian Administrative Service Michael Patra Shaktikanta Das Ex officio member Reserve Bank of India Act, 1934 Governor of the Reserve Bank of India
sameAs	Monetary Policy Committee (India) Monetary Policy Committee (India)
dbp:wikiPageUsesTemplate	dbt:Fact dbt:Short_description dbt:Use_Indian_English dbt:Use_dmy_dates dbt:Infobox_government_agency dbt:Reserve_Bank_of_India
type	Committee (en)
has abstract	The Monetary Policy Committee is responsible for fixing the benchmark interest rate in India. The meetings of the Monetary Policy Committee are held at least four times a year (specifically, at least once a quarter) and it publishes its decisions after each such meeting. The committee comprises six members - three officials of the Reserve Bank of India and three external members nominated by the government of India. They need to observe a "silent period" seven days before and after the rate decision for "utmost confidentiality". The governor of the Reserve Bank of India is the chairperson ex officio of the committee. Decisions are taken by majority with the governor having the casting vote in case of a tie. The current mandate of the committee is to maintain 4% annual inflation until 31 March 2026 with an upper tolerance of 6% and a lower tolerance of 2%. The Reserve Bank of India Act, 1934, was amended by Finance Act (India), 2016, to constitute MPC which will bring more transparency and accountability in fixing India's monetary policy. The monetary policy are published after every meeting with each member explaining his opinions. The committee is answerable to the government of India if the inflation exceeds the range prescribed for three consecutive quarters. (en)
chief1 name	Indian Administrative Service Shaktikanta Das
chief1 position	Governor of the Reserve Bank of India and ex-officio chairperson (en)
parent department	Reserve Bank of India
prov:wasDerivedFrom	wikipedia-en:Monetary_Policy_Committee_(India)?oldid=1107863549&ns=0
page length (characters) of wiki page	8253 (xsd:nonNegativeInteger)
leader	Indian Administrative Service Shaktikanta Das
parent organisation	Reserve Bank of India
foaf:isPrimaryTopicOf	wikipedia-en:Monetary_Policy_Committee_(India)
is Link from a Wikipage to another Wikipage of	Monetary Policy Committee Monetary Policy Committee of India Economic impact of the COVID-19 pandemic in India Indian Institute of Management Ahmedabad Michael Patra National Council of Applied Economic Research Shaktikanta Das
is Wikipage redirect of	Monetary Policy Committee of India
is Wikipage disambiguates of	Monetary Policy Committee
is foaf:primaryTopic of	wikipedia-en:Monetary_Policy_Committee_(India)

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