
RBI MPC Announcements: Guv Shaktikanta Das Announces Committee To Develop AI Ethics Framework, Podcast To Engage Stakeholders
ABP NewsRBI MPC Meeting December 2024: The Reserve Bank of India announced its fifth bi-monthly monetary policy for FY25 on Friday, keeping the benchmark repo rate unchanged at 6.5 per cent for the 11th consecutive meeting. RBI Governor Shaktikanta Das stated that the Monetary Policy Committee unanimously decided to maintain a "neutral" policy stance, emphasising stability in the current economic environment. RBI MPC Announcements: Advancing Technology and AI Ethics The RBI unveiled plans to establish a specialised committee comprising experts from various sectors to develop a framework for the responsible and ethical use of artificial intelligence. The RBI's innovation hub, Reserve Bank Innovation Hub, earlier this year announced “Mulehunter.AI,” a cutting-edge tool designed to identify and prevent financial fraud.
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