What is Monetary Policy Committee (MPC) and inflation targeting?

The Monetary Policy Committee (MPC) is a committee of the Central Bank in India (Reserve Bank of India), headed by its Governor, which is entrusted with the task of fixing the benchmark policy interest rate (repo rate) to contain inflation within the specified target level i.e. inflation targeting. The Reserve Bank of India Act, 1934… Continue reading What is Monetary Policy Committee (MPC) and inflation targeting?

What is DNA?

DNA, or deoxyribonucleic acid, is the hereditary material in humans and almost all other organisms. Nearly every cell in a person’s body has the same DNA. Most DNA is located in the cell nucleus (where it is called nuclear DNA), but a small amount of DNA can also be found in the mitochondria (where it… Continue reading What is DNA?

What is Multidimensional Poverty Index (MPI)?

The  s Multidimensional Poverty Index (MPI)  is the product of two numbers: the Headcount H or percentage of people who are poor and the average intensity of deprivation A – which reflects the proportion of dimensions in which households are, on average deprived. The criterion for someone to be declared as deprived as per MPI… Continue reading What is Multidimensional Poverty Index (MPI)?

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