https://www.taxtmi.com/news?id=16305 Amendments to the Reserve Bank of India Act create a statutory Monetary Policy Committee of six members-three from the RBI including the Governor as Chair, and three external experts appointed by the Central Government. The MPC must meet at least four times a year and publicise its decisions. Rules notified provide the selection procedure via a Search cum Selection Committee headed by the Cabinet Secretary, prescribe four year non renewable terms for external experts, and specify factors constituting failure to meet the inflation target. en-us Mon, 27 Jun 2016 16:30:21 +0530 Mon, 27 Jun 2016 16:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16305 Amendments to the Reserve Bank of India Act create a statutory Monetary Policy Committee of six members-three from the RBI including the Governor as Chair, and three external experts appointed by the Central Government. The MPC must meet at least four times a year and publicise its decisions. Rules notified provide the selection procedure via a Search cum Selection Committee headed by the Cabinet Secretary, prescribe four year non renewable terms for external experts, and specify factors constituting failure to meet the inflation target. News - Mon, 27 Jun 2016 16:30:21 +0530 https://www.taxtmi.com/news?id=16305