RBI Sets Up 10-Member Expert Committee On Benchmarking Of Its Statistics

The RBI on August 12, announced setting up a committee under deputy governor Michael Debabrata Patra on benchmarking the statistics regularly disseminated by it against global standards. The 10-member ‘Expert Committee on Benchmarking of its Statistics’ has been asked to submit report by the end of November 2024.

10-member ‘Expert Committee

The panel, chaired by Patra, will also study the quality of other regular data, where such benchmarks do not exist (like sectors of national priority) and provide guidance on the scope for any further data refinement. The other members of the committee are R B Barman (former chairman, National Statistical Commission), Sonalde Desai (National Council of Applied Economic Research, New Delhi and University of Maryland, USA), Partha Ray (Director, National Institute of Bank Management, Pune), and Bimal Roy (former chairman, National Statistical Commission; and former director, Indian Statistical Institute, Kolkata).

Members of the panel

Paul Schreyer (former chief statistician, OECD), Bruno Tissot (head of Statistics and Research Support, Bank for International Settlements) and Sudarshan Sen (former executive director, RBI) are also members of the panel. Executive directors of the RBI Muneesh Kapur and O P Mall are also members of the expert committee.