IAS (Admin.) IAS Mains GS Paper 3 (Science-Tech, Economy, Environment, & Disaster Management) Indian Economy and Issues-Government Budgeting Study Material (Page 8 of 8)

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Monetary Policy

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Monetary Policy and Its Instruments

  • Monetary policy can be referred to the credit control measures which are adopted by the central Bank of a country in case of the Indian economy they are by is the sole Monetary Authority which decides about the supply of money in the economy.
  • The Chakravarty committee has emphasized that price stability, growth, equity, social justice, promoting and nurturing the new monetary and financial institutions have been important objectives in the monetary policy of In…

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