(Bloomberg) — India’s government appointed three new external members to the central bank’s committee that decides interest rates, allowing policy meetings to resume after last week’s delay.
The Finance Ministry on Monday announced the following names to the six-member Monetary Policy Committee of the Reserve Bank of India:
Ashima Goyal, a professor at the Mumbai-based Indira Gandhi Institute of Developmental ResearchJayanth R Varma, a professor of finance at the Indian Institute of Management in AhmedabadShashanka Bhide, an agricultural economist and a senior adviser with the National Council of Applied Economic Research in New Delhi
The new appointees will replace the three previous external MPC candidates whose terms expired with the last policy meeting in August. They’ll join three RBI officials on the committee, led by Governor Shaktikanta Das.
The government’s delay in selecting the new members meant the RBI didn’t have enough policy makers for its scheduled three-day