Monetary policy panel by September: Shaktikanta Das

The government is hoping to move two legislative initiatives in the monsoon session of Parliament, one to deal with bankruptcy of financial firms and the other for dispute resolution of public-private partnership (PPP) projects, Economic Affairs Secretary Shaktikanta Das told Business Standard on Monday.

In an exclusive interaction, Das also said the government has a strong case to make to global ratings agencies for an upgrade and that a Monetary Policy Committee would be set up in the first half of FY17.

Finance Minister Arun Jaitley had announced a number of planned legislative measures in his 2016-17 Budget speech, including a comprehensive code for resolution of distress in financial firms and a Public Utility (Resolution of Disputes) Bill to deal with PPP disputes.