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Mumbai: The Reserve Bank of India (RBI) on Tuesday said it had set up a panel under executive director Deepak Mohanty to review the current system of data collection, dissemination and data management processes in the central bank and improve the existing mechanism.

The 15-member committee will review the availability, coverage, frequency, timeliness and quality of the existing data/surveys/information used for monetary policy, macro-financial policy and supervision, RBI said in a statement.

The committee, which will consult various stakeholders on this, is expected to submit its report within a period of four months from the day of its first meeting, RBI said.

Members of the committee include Bimal Roy, director, Indian Statistical Institute; Pami Dua, head, Delhi School of Economics; and Susan Thomas, assistant professor, Indira Gandhi Institute of Development Research.

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