Chakravarty Committee Report on the Monetary System
E614175
The Chakravarty Committee Report on the Monetary System is an influential Indian policy document that laid out comprehensive recommendations for monetary policy reform, financial sector development, and price stability in India during the 1980s.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Chakravarty Committee Report on the Monetary System canonical | 1 |
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
Indian government committee report
ⓘ
monetary policy report ⓘ |
| aimsAt |
improving efficiency of financial intermediation
ⓘ
reducing inflationary pressures in India ⓘ supporting sustainable economic growth ⓘ |
| characterizedAs |
comprehensive review of India’s monetary system
ⓘ
landmark document in Indian monetary policy history ⓘ |
| country | India ⓘ |
| field |
financial sector policy
ⓘ
macroeconomic policy ⓘ monetary policy ⓘ |
| focusesOn |
banking sector reforms
ⓘ
credit allocation ⓘ financial deepening ⓘ financial sector development in India ⓘ inflation control ⓘ interest rate policy ⓘ monetary policy reform in India ⓘ monetary targeting framework ⓘ monetary transmission mechanism ⓘ monetary-fiscal coordination ⓘ money supply growth ⓘ price stability in India ⓘ |
| influenced |
Reserve Bank of India monetary targeting approach
ⓘ
financial sector reforms in India in the late 1980s and 1990s ⓘ subsequent monetary policy framework in India ⓘ |
| language | English ⓘ |
| objective |
achieving price stability with growth
ⓘ
controlling inflation through monetary aggregates ⓘ improving effectiveness of monetary policy ⓘ strengthening financial sector development ⓘ |
| recommends |
better credit planning and allocation
ⓘ
development of money and government securities markets ⓘ greater autonomy for the central bank in monetary management ⓘ greater reliance on indirect instruments of monetary control ⓘ improved coordination between monetary and fiscal policy ⓘ phased reduction of statutory pre-emptions like SLR and CRR ⓘ rationalisation of interest rates ⓘ reduction of administered interest rates ⓘ setting money supply growth consistent with real growth and inflation objectives ⓘ strengthening data and information systems for monetary management ⓘ use of monetary aggregates as intermediate targets ⓘ |
| relatedTo |
Government of India economic policy
ⓘ
Reserve Bank of India NERFINISHED ⓘ |
| sector | public policy ⓘ |
| timePeriodAddressed | 1980s ⓘ |
| topic |
financial liberalisation
ⓘ
monetary stability ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.