Why was the monetary policy committee formed? Discuss its composition and mandate while highlighting its significance.

Topic:  Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment. 3. Why was the monetary policy committee formed? Discuss its composition and mandate while highlighting its significance. (250 words) Reference: The Hindu  Why the question: Recently monetary policy review was in news, after the reconstitution of the Monetary Policy Committee …