3 academicians named as Monetary Policy Committee members-:- Equity Research

The Appointments Committee of the Cabinet today announced the names of Monetary Policy Committee members, who will hold office for a period of four years. This includes Chetan Ghate, Associate professor - Economics & Planning Unit, Indian Statistical Institute; Pami Dua, Professor and Head of department at Delhi School of economics and Ravindra Dholakia, economics professor at IIT, Ahmadabad. The committee will also include the Reserve Bank Governor Urjit Patel and the deputy governor and an executive director. This comes just before the next central bank meet scheduled for October 4. The committee will streamline the rate change process. Speaking to CNBC-TV18 Soumya Kanti Ghosh, Chief Eco Advisor, SBI said that the timing of the appointment is good, coming as it does before the monetary policy meet in October. He said that all the three of them being academicians it will lead to better judgement and policy-making.