Govt Constitutes Monetary Policy Committee of RBI

The government has constituted the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) to ensure stability in India's monetary policy. This committee will play a key role in setting the country's interest rates, controlling inflation, and fostering economic growth. The MPC consists of six members, three of whom are appointed by the government, while the other three are RBI officials. This collaborative effort is aimed at making sound, data-driven decisions to maintain economic stability and meet the inflation target set by the central bank.