Soon, a Reformed Monetary Policy with Inflation Focus--- India is embarking on steps that will lead to the government agreeing to inflation targeting while monetary policy will be decided by a committee, in line with systems in the US and the UK, and marking the start of sweeping changes in the financial sector. The finance ministry has begun discussions with the Reserve Bank of India on an agreement to put in place the framework thats needed along the lines of high-level panels such as the Urjit Patel committee and the BN Srikrishna-headed Financial Sector Legislative Reforms Commission.
Posted on: Tue, 07 Oct 2014 04:52:02 +0000