RBI forms special expert panel on benchmarking of statistics
The panel will benchmark the statistics regularly disseminated by it against global standards/best practices, study the quality of other regular data (where such benchmarks do not exist), and provide guidance on the scope for any further data refinement.
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The Reserve Bank of India (RBI) has constituted a committee of experts on the benchmarking of its statistics. The panel, chaired by RBI Deputy Governor Dr Michael Debabrata Patra, will perform the following tasks, as per an official release:
- Benchmark the statistics regularly disseminated by it against global standards/best practices
- Study the quality of other regular data, where such benchmarks do not exist
- Provide guidance on the scope for any further data refinement
Here are the details of the composition of the committee:
| Person | Role |
| Dr. Michael Debabrata Patra, Deputy Governor, RBI | Chairman |
| Dr. R. B. Barman, Former Chairman, National Statistical Commission | Member |
| Prof. Sonalde Desai, NCAER (New Delhi) & University of Maryland (USA) | Member |
| Dr. Partha Ray, Director, National Institute of Bank Management (Pune) | Member |
| Prof. Bimal Roy, Former Chairman, National Statistical Commission; and Former Director, Indian Statistical Institute, Kolkata | Member |
| Dr. Paul Schreyer, Former Chief Statistician, OECD | Member |
| Sudarshan Sen, Former Executive Director, RBI | Member |
| Dr. Bruno Tissot, Head of Statistics and Research Support, Bank for International Settlements (BIS) | Member |
| Muneesh Kapur, Executive Director, RBI | Member |
| Dr OP Mall, Executive Director, RBI | Convenor |
The Patra-chaired panel will submit its report by the end of November 2024, according to the RBI.
The central bank’s Department of Statistics and Information Management (DSIM) will provide the necessary secretarial assistance to the committee.
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