Monetary Policy Committee

MPC is headed by RBI governor, is a six-member panel, of which three members are from RBI and three are independent members selected by government. The independent members are experts in the field of economics, banking or finance. The governor, however, will not enjoy a veto power to overrule the other panel members, but willContinue reading “Monetary Policy Committee”

What is Wholesale Price Index (WPI) ?

Wholesale Price Index (WPI) WPI measures the change in price level at wholesale market. WPI – consists of 676 commodities (services are not included in WPI in India). It is measured on year-on-year basis i.e., rate of change in price level in a given month vis a vis corresponding month of last year. This is alsoContinue reading “What is Wholesale Price Index (WPI) ?”