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News
RBI Act
RBI Act News
RBI
25 Dec 2016
RBI's all powerful central board has vacancy for 10 directors
RBI's all powerful central board is short of ten non-official directors and one Deputy Governor at a time when the apex bank is engaged in massive demonetisation and remonetisation exercises.
RBI Act
11 Dec 2016
Govt to amend RBI Act to extinguish old Rs 500, Rs1000 notes
In order to extinguish the validity of Rs 500 and Rs 1,000 currency notes, the government is likely to bring amendments to the Reserve Bank of India (RBI) Act in the forthcoming Budget.
RBI
29 Feb 2016
Govt to amend RBI Act to set up Monetary Policy Committee
The government Monday proposed to amend the RBI Act for setting up of a Monetary Policy Committee (MPC) which will fix the benchmark interest rate of the central bank and set inflation targets.
RBI Act
31 Aug 2015
India plans to amend RBI Act by Feb to set up monetary panel: Official
The government plans to change the Reserve Bank of India Act before the end of the fiscal year so it can set up a new committee to direct the country`s monetary policy, retiring Finance Secretary Rajeev Mehrishi told Reuters.
Monetary Policy Committee
13 Aug 2015
Bill to set up monetary policy committee likely in next Parl session: Mehrishi
Government may push amendments to the RBI Act in the Winter Session of Parliament for setting up a public debt management agency and a monetary policy committee (MPC) that will decide on the key interest rate.
RBI Act
07 Mar 2015
Confusion on RBI Act changes to be cleared in House: FM Jaitley
Jaitley did not elaborate on this and also parried questions on tax issues related to foreign portfolio investors (FPIs).
RBI
07 Sep 2014
Govt, RBI to devise monetary framework for central bank: Rajan
The government and the Reserve Bank of India will this year negotiate to formulate a monetary framework for the central bank that lays more emphasis on inflation, the bank's Governor Raghuram Rajan has said.
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