The Hindu Business Line : RBI revamps technical advisory committee

The Reserve Bank of India has reconstituted the Technical Advisory Committee on money, foreign and government securities markets, said a release from the central Bank .

The committee will be chaired by Dr Rakesh Mohan, Deputy Governor, RBI and its members include Mr G. Anantraman, Executive Director, SEBI, Mr C.B.Bhave, MD, National Securities Depository Ltd (NSDL), Mr Ashok Jha, Secretary, Department of Economic Affairs and other senior bankers and academicians from the industry.

According to the release, the committee will review and recommend measures for deepening, widening and promoting liquidity in the money, foreign exchange and government securities markets. They will also advise on the evolving and desirable linkages among these as well as the capital markets.

The measures will also relate to the participants, institutional and infrastructural arrangements of these markets.

The committee will review the infrastructure, legal and institutional arrangements for trading, transfer and settlement in the markets in the context of emerging payments systems, including CCIL.

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