CURRENT AFFAIRS

Detailed explanation-1: -The composition of the current monetary policy committee is as follows: Governor of the Reserve Bank of India – Chairperson, ex officio - Shaktikanta Das. Deputy Governor of the Bank in charge of monetary policy – Michael Debrata Patra. Executive director of the Bank in charge of monetary policy – Rajiv Ranjan.

Detailed explanation-2: -The central board of the Reserve Bank of India (RBI) approved the appointment of executive director Rajiv Ranjan as an ex-officio member of the Monetary Policy Committee (MPC).

Detailed explanation-3: -RBI Governor is the ex-officio chairperson of the Central Board of Directors of the RBI.

Detailed explanation-4: -The Governor of the Reserve Bank of India is the ex-officio chairperson of the RBI. Q. Who among the following is the Chairperson of the 13th Finance Commission?

Detailed explanation-5: -“The Board approved the nomination of Dr. Rajiv Ranjan, Executive Director as an ex-officio member of the Monetary Policy Committee,” RBI said after the board met. Ranjan was an advisor in-charge in the monetary policy department, before he was elevated as an executive director.