The reconstitution of the Monetary Policy Committee has been notified by the government.
The Governor of the RBI is the ex-officio Chairperson of the Monetary Policy Committee.
The Deputy Governor of RBI, in charge of monetary policy, is also the ex-officio member of the committee.
One officer of the RBI to be nominated by the Central Board is also the ex-officio member of the committee.
Professor Ram Singh, Economist Saugata Bhattacharya, and Dr Nagesh Kumar have been appointed as the members of the committee.
Professor Ram Singh is Director of Delhi School of Economics.
Dr Nagesh Kumar is Director and Chief Executive of the Institute for Studies in Industrial Development.
The members of committee (Professor Ram Singh, Economist Saugata Bhattacharya, and Dr Nagesh Kumar) shall hold office for four years, with immediate effect or until further orders, whichever is earlier.
Professor Ram Singh, Economist Saugata Bhattacharya, and Dr Nagesh Kumar will replace Ashima Goyal, Shashanka Bhide, and Jayanth R Varma.
