01523nam a22001457a 4500999001900000008004100019100004800060245009800108260003400206300003400240520095300274773003401227942000701261952010901268  c533945d533945260723b           ||||| |||| 00| 0 eng d  a Iyer, S. Pramila and S. Chandrachud962039  aLegislative framework for transparency in monetary policy: A critical study of India’s laws  aEconomic & Political  Weekly   a61(28), Jul 11, 2026: p.61-70  aHow India’s legislative framework embeds transparency in monetary policy is examined, focusing on the Reserve Bank of India’s statutory design. Using the Systematic Legal Diagnostic Framework for Monetary Policy Transparency, the paper evaluates three dimensions—law on paper, law through time, and law in action. Findings reveal that while procedural transparency improved through Monetary Policy Committee reforms, deliberative and oversight transparency remain underdeveloped. Key gaps include absent statutory disclosure mandates, fragmented financial statutes, and weak parliamentary oversight. Drawing on the practices of the Bank of England and the European Central Bank, the paper proposes a unified transparency framework codifying disclosure duties, parliamentary reporting, and crisis communication protocols.- Reproduced

https://www.epw.in/journal/2026/28/special-articles/legislative-framework-transparency-monetary-policy.html
  aEconomic & Political  Weekly   cAR  00102ddc40709409131aIIPAbIIPAd2026-07-23h61(28), Jul 11, 2026: p.61-70pAR139387r2026-07-23yAR