Monetary Policy Framework Agreement
The GOI and RBI signed a Monetary Policy Framework Agreement, The objective is to primarily maintain price stability, while keeping in mind the objective of growth.
Monetary Policy Committee(MPC)
The Monetary Policy Committee(MPC) determines the benchmark policy rate (repo rate) to restrain inflation within the particular target level(4% +/-2%).
Banking sector reforms
Banking Sector Reforms refer to the series of changes implemented to modernise and strengthen the Indian banking system.