Financial sector legislative reforms commission (FSLRC) recommendations on Monetory policy Some fundamental issues

By:

MISHRA, PRACHI

Material type:

Mixed materialsPublication details: 2013Description: 515-519Subject(s):

FSLRC

NLM classification:

346.5407

In: CHARTERED SECRETARYMSummary: The FSLRC recommendation for developing a radically new monetary policy framework is a major step towards modernization of the institutional architecture for policy making in India. The three areas of funadamental reform are an explicit mandate tothe central bank, an empowered monetary policy committee (MPC) and increased transparency. The commission aims at a big overhaul on transparency by proposing to release the statement of monetary policy objectives and the voting record/rationle statements of MPC into the public domain.

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Item type	Current library	Call number	Vol info	Status	Date due	Barcode
Periodicals/Magazines	SSCBS Library		43/5	Available		P14883

The FSLRC recommendation for developing a radically new monetary policy framework is a major step towards modernization of the institutional architecture for policy making in India. The three areas of funadamental reform are an explicit mandate tothe central bank, an empowered monetary policy committee (MPC) and increased transparency. The commission aims at a big overhaul on transparency by proposing to release the statement of monetary policy objectives and the voting record/rationle statements of MPC into the public domain.

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