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100			_a Iyer, S. Pramila and S. Chandrachud _962039
245			_aLegislative framework for transparency in monetary policy: A critical study of India’s laws
260			_aEconomic & Political Weekly
300			_a61(28), Jul 11, 2026: p.61-70
520			_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
773			_aEconomic & Political Weekly
942			_cAR