The Gazette of India, published by authority on October 1, 2024, in New Delhi, notifies the constitution of the Monetary Policy Committee (MPC) of the Reserve Bank of India by the Central Government, in exercise of powers conferred by section 45ZB of the Reserve Bank of India Act, 1934. The committee consists of:
* Governor of the Reserve Bank of India - Chairperson, ex officio
* Deputy Governor of the Reserve Bank of India, in charge of Monetary Policy - Member, ex officio
* One officer of the Reserve Bank of India to be nominated by the Central Board - Member, ex officio
* Prof. Ram Singh, Director, Delhi School of Economics, University of Delhi - Member
* Shri Saugata Bhattacharya, Economist - Member
* Dr. Nagesh Kumar, Director and Chief Executive, Institute for Studies in Industrial Development, New Delhi - Member
The members listed in clause (d) to (f) shall hold office for a period of four years or until further orders, whichever is earlier. Contact information: Reetu Jain, Economic Advisor (FSRL), [F. No. 12/1/2016-FSLRC].
Key Entities Referenced
Monetary Policy Committee: The subject of the notification, concerning its formation.
Reserve Bank of India Act, 1934: The primary law providing the legal basis for the policy, specifically section 45ZB.
Reserve Bank of India: The central bank whose Monetary Policy Committee is being constituted.
Ministry of Finance: The ministry responsible for issuing the notification.
New Delhi: Location where the notification is issued and where some members of the committee reside.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-01102024-257627
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CG-DLxx-xEG-I0D1E1x0x2x0 24-257627
असाधारण
EXTRAORDINARY
भाग II—खण् ड 3—उप-खण्ड (ii)
PART II—Section 3—Sub-section (ii)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 3950] नई दिल्ली, ंगं लिार, अक्त बू र 1, 2024/आजि न 9, 1946
No. 3950] NEW DELHI, TUESDAY, OCTOBER 1, 2024/ASVINA 9, 1946
जित्त ं्ं ाल
(आर्थकि का िजिभाग)
अजधसचू ना
नई दिल् ली, 1 अक् तूबर, 2024
का.आ. 4309(अ).—केंद्री सरकार, भारती ररििि बैंक अजधजन ं, 1934 (1934 का 2) की धारा 45 ख द्वारा
प्रित् त िजक्त क का प्र ग करते एए, एतद्द्वारा भारती ररििि बैंक की ंौदद्रक नीजत सजंजत का गठन करती ह ै जिसं ें
जनम्न जलजखत िाजंल हकग,े नांत:-
(क) भारती ररिि िबैंक के गिनिर-पिेन अध् क्ष;
(ख) भारती ररिि िबैंक के उप-गिनिर, ंौदद्रक नीजत प्रभारी-पिेन सिस्ट् ;
(ग) केंद्री ब डि द्वारा नाजंत दकए िाने िाले भारती ररििि बैंक के एक अजधकारी-पिेन सिस्ट् ;
(घ) प्र फेसर रां ससंह, जनिेिक, दिल् ली स्ट् कूल फ ोक निजंक् स, दिल्ल ी जि िजि्ाल -सिस्ट् ;
(ङ) श्री सौगत भट्टाचा ,ि अथिि ास्त्री - सिस्ट् ; और
(च) डि. नागेि कुंार, जनिेिक और ंुख् का िकारी, ोंस्ट् टीट्यटू फिर स्ट् टडीि ोन ोंडजस्ट् र ल डेिलपंेंट, नई दिल्ल ी
-सिस्ट् ।
6401 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
2. पैराग्राफ 1 के खडं (घ) स े (च) ंें उजल्ल जखत ंौदद्रक नीजत सजंजत के सिस्ट् अपन े पि पर चार ि्षों की अिजध के
जलए अथिा अगले आिेिक तक, ि भी पहले ह , बन े रहगें े।
[फा. सं. 12/1/2016-एफएसएलआरसी]
रीतू िैन, आर्थिक सलाहकार (एफएसआरएल)
MINISTRY OF FINANCE
(Department of Economic Affairs)
NOTIFICATION
New Delhi, the 1st October, 2024
S.O. 4309(E).—In exercise of the powers conferred by section 45ZB of the Reserve Bank of India Act, 1934
(2 of 1934), the Central Government hereby constitutes the Monetary Policy Committee of the Reserve Bank of India,
consisting of the following, namely:-
(a) Governor of the Reserve Bank of India—Chairperson, ex officio;
(b) Deputy Governor of the Reserve Bank of India, in charge of Monetary Policy—Member, ex officio;
(c) One officer of the Reserve Bank of India to be nominated by the Central Board—Member, ex officio;
(d) Prof. Ram Singh, Director, Delhi School of Economics, University of Delhi—Member;
(e) Shri Saugata Bhattacharya, Economist; and
(f) Dr. Nagesh Kumar, Director and Chief Executive, Institute for Studies in Industrial Development,
New Delhi —Member.
2. The Members of the Monetary Policy Committee referred to in clause (d) to (f) of Paragraph 1, shall hold
office for a period of four years or until further orders, whichever is earlier.
[F. No. 12/1/2016-FSLRC]
REETU JAIN, Economic Adviser (FSRL)
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.