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RBI Board Meet
Why is it in the news?
- As per the minutes published, the board of Reserve Bank of India (RBI) discussed issues such as the prevailing liquidity situation and flow of credit from banks and nonbanking finance companies to the economy.
- The central board does not discuss interest rates, which are set by the monetary policy committee.
More in the news
- This is the first time the RBI has released the minutes of a board meeting in public domain in a bid to enhance transparency regarding its functioning.
- The minutes were available under the Right to Information Act.
- In future, the minutes will be placed on the RBI’s website within two weeks .
Source
The Hindu.