<h1>RBI Hosts 7th Statistics Day Conference, Emphasizes Importance of Data in Policy-Making and Public Empowerment.</h1> The Reserve Bank of India (RBI) celebrated the 7th Statistics Day Conference to honor Prof. P.C. Mahalanobis, a key figure in Indian statistics. The event highlighted the importance of statistics in policy-making and public empowerment, emphasizing the need for granular banking data, expanded corporate finance statistics, and comprehensive asset price data. The RBI aims to enhance data frequency and harmonization, leveraging technology to improve data integrity and reduce reporting burdens. Additionally, the RBI is focusing on corporate finance data for financial stability and developing a housing finance database to understand economic impacts. The conference coincides with the International Year of Statistics, promoting awareness and development in the field.