On October 1, 2024, the Indian government appointed three new members to the Reserve Bank of India's Monetary Policy Committee (MPC). The new appointees are Ram Singh, Saugata Bhattacharya, and Nagesh Kumar, each serving a term of four years.
The MPC, as established by the RBI Act, consists of six members: three appointed by the central government and three from the RBI, including the Governor, Deputy Governor, and another officer nominated by the central board.