India's Central Bank Takes Steps to Enhance Data Quality Through Expert Committee

Monday, 12 August 2024, 03:06

The Reserve Bank of India (RBI) has initiated a significant move by forming an expert committee aimed at improving the quality of economic data. This decision is seen as critical in ensuring that policymakers have access to accurate and reliable data, which in turn can foster better decision-making. The committee will focus on various aspects of data management and reporting. Overall, this initiative underscores RBI's commitment to transparency and effective economic governance.

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Introduction

The Reserve Bank of India (RBI) has formed an expert committee to enhance data quality across economic sectors.

Objectives of the Committee

Improve accuracy and reliability of economic data.
Assist policymakers in making informed decisions.
Focus on better data management and reporting.

Conclusion

This initiative represents the RBI's ongoing commitment to transparency and effective governance in the Indian economy.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Introduction

Objectives of the Committee

Conclusion

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