MONEY MARKET IN INDIA #Financialmarket The organised form | UPSC Economy
MONEY MARKET IN INDIA
#Financialmarket
The organised form of money market in India is just close to three decades old. However, its presence has been there, but restricted to the government only.
It was the Chakravarthy Committee (1985) which, for the first time, underlined the need of an organised money market in the country and the Vahul Committee (1987) laid the blue print for its development.
Today, money market in India is not an integrated unit and has two segments— Unorganised Money Market and Organised Money Market.
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