Jalan panel reviewing RBI's economic capital framework to meet on Wednesday

This will be the first meeting of the six-member expert committee since Subhash Chandra Garg was abruptly shifted from finance to power ministry last month

Former Reserve Bank of India (RBI) governor Bimal Jalan-led committee reviewing the central bank's economic capital framework is set to meet on Wednesday to finalise its recommendations, according to a source.

This will be the first meeting of the six-member expert committee since Subhash Chandra Garg, who had refused to sign on the panel's report, was abruptly shifted from finance to power ministry last month. Rajiv Kumar, who replaced Garg as finance secretary, will now be the government’s representative on the panel. 

The committee had last met on July 17 to finalise the report.

“The committee will finalise and submit