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MPC: Back on track

The new members will bring divergent views to policymaking

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Business Standard Editorial Comment New Delhi

3 min read Last Updated : Oct 06 2020 | 11:01 PM IST

After an avoidable delay, the government on Monday appointed external members to the Reserve Bank of India’s (RBI’s) monetary policy committee (MPC), and the new rate-setting committee will meet between October 7 and 9 to review the policy. While the government has restricted its choice of panel members to academia, it has done well to maintain a diversity of interests.

Jayanth Varma, an expert in finance, was a member of the board of the Securities and Exchange Board of India. He has been engaged in policy work in financial markets and has served on a number of expert committees. The research

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