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Rbi's Monetary Policy Initiatives Since 2008

In: Business and Management

Submitted By arpit03
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RBI'S MONETARY POLICY INITIATIVES SINCE 2008-09 AND ITS EFFECTIVENESS IN CONTAINING INFLATION

PROJECT OF MACROECONOMICS
ON

“RBI’S MONETARY POLICY INITIATIVES

SINCE 2008-09 AND ITS EFFECTIVENESS
IN CONTAINING INFLATION”

SUBMITTED BY
ARPIT PANGASA (11DM032)
GUNJAN GODWANI (11DM052)
RIDHI PRASAD (11DM122)
UNDER THE GUIDANCE OF
PROF. JAGDISH SHETTIGAR

BIRLA INSTITUTE OF MANAGEMENT TECHNOLOGY, GREATER NOIDA

RBI'S MONETARY POLICY INITIATIVES SINCE 2008-09 AND ITS EFFECTIVENESS IN CONTAINING INFLATION

RESERVE BANK OF INDIA
It is the central banking institution of India and controls the monetary policy of the rupee.
The institution was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of India Act, 1934. Reserve Bank of India plays an important part in the development strategy of the government. It is a member bank of the Asian
Clearing Union. Reserve Bank of India was nationalised in the year 1949. The general superintendence and direction of the Bank is entrusted to Central Board of Directors of 20 members, the Governor and four Deputy Governors, one Government official from the
Ministry of Finance, ten nominated Directors by the Government to give representation to important elements in the economic life of the country, and four nominated Directors by the
Central Government to represent the four local Boards with the headquarters at Mumbai,
Kolkata, Chennai and New Delhi. Local Boards consist of five members each Central
Government appointed for a term of four years to represent territorial and economic interests and the interests of co-operative and indigenous banks.

INFLATION
Inflation is a rise in the general level of prices of goods and services in an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods
and

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