| Event/Aspect | Details |
|---|---|
| Key Appointment | Anuradha Thakur, Secretary of the Department of Economic Affairs, nominated as Director on the RBI Central Board, replacing Ajay Seth. |
| Role/Tenure | Serves as a government nominee on the RBI Central Board of Directors. Her appointment is timely ahead of the crucial MPC meeting (August 4-6, 2025). |
| Background of RBI Central Board | Apex governing body of RBI, comprising official directors (Governor, Deputy Governors, government nominees) and non-official directors. Responsible for general superintendence and direction of RBI. |
| Significance of Appointment | Strengthens policy coordination between Ministry of Finance and RBI. Brings economic affairs expertise to RBI's decision-making. Focus on price stability and monetary policy continuity. |
| Key Objectives of RBI Central Board | Formulate monetary policies, supervise banking regulation, safeguard price stability, address conflicts of interest, and guide strategic planning for India's financial system. |
| Recent RBI Priorities | Price stability (controlling inflation), maintaining a neutral stance in monetary policy, overseeing banking regulation, and addressing conflicts of interest in financial and real sectors. |
| MPC Meeting | Scheduled for August 4-6, 2025. Crucial for evaluating monetary policy decisions amidst ongoing focus on inflation control and economic growth. |
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