Govt appoints 3 members to interest-rate setting panel

Government today named Indian Statistical Institute professor Chetan Ghate, Delhi School of Economics director Pami Dua and Ravindra H Dholakia of IIM- Ahmedabad as members on interest-rate setting Monetary Policy Committee.
MPC, which will take over the job of setting interest rate, will have six members, with the government and the Reserve Bank of India (RBI) appointing three persons each.
The Appointments Committee of the Cabinet (ACC) cleared the three eminent experts as members on the MPC for a period of
four years, a government notice said.
RBI nominees will include, governor, a deputy governor and one more person from the central bank.