← 12 September 2026's Current Affairs · Economy GS-3 Prelims ★★★★☆ Mains ★★★☆☆
RBI Governor says MPC will reassess growth-inflation dynamics
Why in News?
RBI Governor says MPC will reassess growth-inflation dynamics
The RBI Governor said the Monetary Policy Committee will reassess growth-inflation dynamics at its next meeting.
Why it matters: GS-3 core; factual, Prelims-type
What you need to know
2 min read
The Reserve Bank of India's Governor stated that the Monetary Policy Committee (MPC) will reassess the balance between economic growth and inflation at its next scheduled meeting.
The MPC is a six-member body, half appointed by the Government and half by the RBI, mandated to set the policy repo rate to keep inflation within the target band.
Its current inflation target, set by the Government, is 4% with a tolerance band of +/-2%.
Sources: Topper IAS editorial (PIB / The Hindu / Indian Express)
Key facts
Remember these
- RBI
- MPC
- inflation targeting
- repo rate
Prelims · Mains
How the exam will ask it
Prelims
- RBI, MPC, inflation targeting, repo rate
Mains
Use as an example in GS-3 answers (GS Paper 3 - Indian Economy, Monetary Policy).
Quick recall
Answer before you reveal
The new rule requiring e-commerce platforms to resolve consumer complaints within one month has been framed under which legislation?
- Information Technology Act, 2000
- Consumer Protection Act, 2019
- Competition Act, 2002
- Sale of Goods Act, 1930
Show answer
Answer: B — The rule was notified under the Consumer Protection Act, 2019, which also set up the CCPA.
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