Notification for Constitution of Monetary Policy Committee

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-01102024-257627 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 3950] NEW DELHI, TUESDAY, OCTOBER 1, 2024/ASVINA 9, 1946 6401 GI/2024 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II-SEC. 3(ii)] 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)