The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) is meeting this week with three new external members. It is a tribute to the institutional strength that has already been created in less than a decade that change is happening in an orderly manner. The Union government has continued its commitment to appointing independent members to the MPC who have a breadth of experience in academia or financial economics and are outside the governing establishment. The three new members include the head of a major think tank, the director of a premier educational institution,
 "RBI, Reserve Bank of India")
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(Photo: Reuters)